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Nan Nan Resources secures approval to resume ops at Kaiyuan coal mine in China

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Nan Nan Resources secures approval to resume ops at Kaiyuan coal mine in China

Nan Nan Resources Enterprise Ltd. said Sept. 4 that it secured regulatory approval to resume production at its Kaiyuan coal mine in China.

The company was ordered to suspend operations in April after the site's mining rights and work safety permit expired.

It received permission to restart operations on Aug. 1. However, officers of the Safety Bureau of the Zhundong Development Zone inspected the Kaiyuan mine and identified 18 safety issues.

The company undertook remedial work to secure approval for the resumption of Kaiyuan's operations.

During the four-month suspension period, the company continued to supply coal. The company also kicked off construction of a coal sifting machine at the site, which is expected to complete toward the end of November. The construction activity is also expected to impact production at the mine.

Nan Nan Resources said it expects to book a net loss for the six months ending Sept. 30, swinging from a year-ago net profit due to the mine's prolonged suspension as well as the construction activities at the site.