Despite several rounds of corporate restructuring with other energy companies in Qinghai since 2005, Xingqing and its wholly-owned subsidiary Qinghai Xingqing Tianjun energy group Co., Ltd. have been the sole operators of the above-mentioned No. 5 well of the No.1 field in Juhugeng.
Neither Xingqing nor its subsidiary had ever obtained mining licenses for the No. 1 field, which makes their mining activities illegal, according to an official of Qinghai's provincial natural resources bureau.
In an earlier interview, Ma told Xinhua that the company was still in the process of corporate restructuring, insisting that Xingqing and its subsidiary "had ceased production to deal with the restructuring" and "had not been operational."
However, data from the provincial government shows that Xingqing paid a total of 333 million and 412 million yuan in taxes in 2011 and 2017, respectively. Based on the tax records, analysts estimated that the company had illegally mined over 20 million tonnes of high-quality charred coal from the No. 1 field of Juhugeng between the end of 2006 and June of 2017, making at least 11 billion yuan.
Xingqing's internal documents show that it mined a total of 20.5 million tonnes of coal from the No. 1 field, raking in total revenue of 11 billion yuan, corroborating the estimation.
Analysts also estimated that from 2017 to 2020, the company mined a total of over 5 million tonnes of coal and made about 4 billion yuan, bringing the 14-year total to 25 million tonnes of coal and 15 billion yuan.
【国内英语资讯:Xinhua Headlines: Illegal mining threatens China national nature reserve, Xinhua investigati】相关文章:
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