The reporter learned from Shenhua Group yesterday that, in line with the state's encouragement for all types of social capital to participate in mineral resource exploration, the company is actively working to expand its role as a key player in commercial exploration. To strengthen its strategic position in this sector, Shenhua has decided to establish its own dedicated exploration company, aiming to extend its industrial chain into the exploration field. This move is expected to enhance the group’s long-term sustainability and competitiveness in the energy market.
According to the "Decision of the State Council on Strengthening Geological Work," announced on January 28, the country is focusing on deepening exploration in oil-bearing basins, developing western regions, accelerating offshore exploration, and opening up new areas both domestically and internationally. The plan also emphasizes exploring new territories, strata, and key sea areas to boost recoverable oil and gas reserves. Additionally, it calls for large-scale coal base surveys and the development of unconventional resources such as coalbed methane, oil shale, oil sands, and gas hydrates.
Currently, domestic mineral exploration is mainly conducted by government-funded geological teams. Once these teams identify potential resources, they are allocated to state-owned enterprises, often at little or no cost. This system has led to inefficiencies, with companies competing aggressively for resources and sometimes wasting them, preventing the optimal use of limited national resources.
Under the new policy, the government aims to foster internationally competitive mining companies and encourage diverse ownership structures in the sector. In the future, for any commercial geological projects, the government will step back from direct investment and instead focus on creating a unified, open, and competitive national resource market through policy guidance.
Shenhua Group, a state-owned enterprise and China’s largest coal company, has traditionally focused on coal mining and processing. However, it lacks an independent coal exploration team. To address this, the company is pursuing mergers, acquisitions, and the expansion of mining rights while also planning to build its own exploration capabilities. This strategic shift is expected to make Shenhua the first domestic enterprise with full commercial mineral exploration capabilities, marking a significant milestone in China’s resource industry.
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CAS Number: 75336-86-6 FOR PHARMACEUTICAL INDUSTRY,CAS Number: 75336-86-6 FOR MEDICINE INDUSTRY,CAS 75336-86-6 Nitrogen Heterocyclic Compounds
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