Puyang-Bai Mining Company Takes Multiple Measures to "Strengthen Safety, Ensure Supply, and Stabilize Coal Prices"

On December 21, Pubei Mining Company swiftly implemented the spirit of the Group’s special meeting on the coal sector—focused on "strengthening safety, ensuring supply, and stabilizing coal prices." While prioritizing safe production, the company took multiple measures to maintain stable coal supplies and keep prices steady. Specifically, it carefully planned shipments for power plants facing tight inventory levels, giving top priority to ensuring timely coal deliveries. By late December, the company’s daily coal sales volume had surged by 21% compared to the year-round average, effectively supporting the reliable supply of thermal coal to key customers.

Ensuring safety management at the end of the year and the beginning of the new year is the top priority. The company has launched a comprehensive safety inspection campaign focused on "identifying hazards, plugging loopholes, uncovering blind spots, and addressing weak areas." This initiative closely monitors safety regulations during critical periods, key operational stages, and major projects. We are firmly committed to implementing targeted remediation efforts, including concentrated rectifications, thorough inspections, and mutual safety audits, while reinforcing the system of leadership teams accompanying shifts and ensuring that safety responsibilities are clearly assigned to personnel at all levels. Additionally, we have introduced initiatives like the "Pubei Safety Lecture Series" and invited five department heads to share real-life case studies directly with frontline teams, fostering a robust safety culture across the organization. By emphasizing the principle of "heavy rewards for safety achievements and strict penalties for violations," we aim to inspire every employee to actively take ownership of safety management, collectively driving a proactive approach to safeguarding operations and laying a solid foundation for the mine's sustained production.

Firmly focus on production and ensure supply. The company will promptly adjust its maintenance plans to guarantee normal operations during the New Year's Day period. It has established specialized task forces for intelligent fully-mechanized caving and rapid excavation, coordinating seamlessly among regular production, standardized cycles, and scheduled maintenance. By rigorously implementing these standardized operational procedures, the company aims to achieve its targets for raw coal output and excavation footage. Additionally, through labor competition initiatives, it will intensify incentives for both excavation progress and raw coal production, boosting productivity and advancing efficiency levels. Meanwhile, the company is elevating its political awareness to stabilize coal prices. To this end, it has formulated comprehensive measures to maintain production and supply, fostering close collaboration between production and sales teams. These efforts ensure ample coal reserves in storage yards, enabling stable production and, in turn, reliable supply—thus driving robust growth in both production and sales. At the same time, the company adheres to the principle of "subordinating short-term gains to long-term interests and prioritizing integrity over immediate economic benefits." It actively engages in market research and visits key customers, adjusting product strategies promptly based on evolving market demands. With unwavering commitment, the company is fully dedicated to securing a steady supply of power coal, further enhancing the competitiveness of the Pubei coal market while strengthening the brand’s influence.

The company remains committed to balancing production, sales, and epidemic prevention and control efforts, ensuring comprehensive and routine COVID-19 measures are in place. Key priorities include daily disinfection of densely populated areas, thorough cleaning of office spaces, meticulous registration of visitors, and mandatory reporting for employees leaving the premises—all aimed at maintaining safety and stability within the mining area.