Songzai International Holding Group,
Inc. (OTCBB: SGZH), incorporated in Nevada in 2001, is a
leading coal producer and supplier in the People’s
Republic of China. After obtaining the mining permits from
the Heilongjiang National Land and Resources Administration
Bureau and Heilongjiang Economic and Trade Commission, we
extract coal from properties we have the rights to mine,
and sell most of the coal on a per ton basis for cash on
delivery. Our primary customers are industrial power plants,
cement factories, wholesalers and individuals for home
heating.
China is currently the largest coal producer and coal consumer
in the world, accounting for one-fourth of the world’s
total coal consumption! IEA 07 World Energy Outlook projected
a 120% increase in China’s coal consumption from
2006—2025. Moreover, as demand has risen in recent years,
coal prices in China have boomed, up over 400% from 2003 to
2007, greatly benefiting coal producers in the region.
Through the end of March 2010, our business consisted of the
operations of Tong Gong coal mine and Xian An coal mines in
northern PRC.
Acquired in June 2004, the Tong Gong coal mine is located in
Heihe City, Heilongjiang Province in Northeastern China. Through
our subsidiary, Heilongjiang Tong Gong Mining Co., Ltd., we
produce and supply high quality coal to large power plants,
cement factories, wholesalers and individuals for home heating.
The Xian An coal mines, located in the DaXingAnLing Mountain
Range in northern region of Heilongjiang Province near Russia
border, were acquired in April 2008. Xing An consists of two coal
mines, the Hong Yuan mine and Sheng Yu mine, located in the city
of Mohe. Through our subsidiaries Heilongjiang Xing An Group Hong
Yuan Mining Co., Ltd and Heilongjiang Xing An Group Sheng Yu Ming
Co., Ltd., we produce and supply high quality coal to large
industrial electric power plants, metallurgical mills and fuel
trading companies.
We currently have 71 employees and maintain our U.S office in
City of Industry, California.
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