| Oil, Gas & Consumable Fuels Industry | Energy Sector | Zongyang Li CEO | OTC PINK Exchange | VGG3375A1194 ISIN |
| HK Country | 2,107 Employees | - Last Dividend | 1 Jun 2015 Last Split | - IPO Date |
Feishang Anthracite Resources Limited is an investment holding company established in 2010 with a focus on the anthracite coal sector within the People's Republic of China. Originating as Wealthy Year Limited before its rebranding, the company has carved a niche in the acquisition, construction, development, and management of anthracite coal mines, primarily situated in Guizhou province. Besides its mining activities, Feishang Anthracite also participates in coal washing, enhancing the value of the raw coal it extracts. As a key subsidiary of the Feishang Industrial Group Co., Ltd., the company boasts a strategic position in the industry bolstered by its base in Sheung Wan, Hong Kong.
Feishang Anthracite's core business lies in the extraction of high-quality anthracite coal, a premium grade of coal known for its high carbon content and heating capacity. The company leverages its expertise and advanced mining techniques to efficiently extract anthracite coal from its mines in Guizhou province, meeting the high demand for this resource in various industries.
After extraction, the anthracite coal is sold and traded both domestically and potentially on international markets. Feishang Anthracite Resources Limited uses its strategic position in the industry to offer competitive pricing and ensure a steady supply of anthracite coal to its customers, contributing significantly to the energy sector and other industries reliant on high-quality coal.
In addition to mining, the company engages in coal washing—a process that improves the quality of coal by removing impurities. This activity not only enhances the economic value of the coal but also reduces environmental impacts associated with its use, aligning with global trends towards cleaner energy sources and more sustainable mining practices.