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Author/Source: Ningxia Daily Date: 2009-3-23 -------------------------------------------------------------------------------- On March 20, reporters learned from the 2009 Development and Construction Work Conference of Shenhua Ningxia Coal Group, as well as the mobilization meeting for the construction of key projects, that in order to overcome the adverse effects of the financial crisis, the group has set a goal of establishing two bases and forming four major business segments over a period of five years. By 2013, the group aims to achieve an annual total revenue of over 50 billion yuan, with profits exceeding 5 billion yuan; it also aims to double its economic output compared to 2008 and double the profitability of its enterprises. The coal sector will achieve an annual coal production volume of 100 million tons by carrying out technical upgrades to the mines in the Yinbei mining area and developing new mines in the Ningdong mining area, thereby establishing a large-scale coal production base of ** level ； In the coal chemical sector, focus will be placed on developing projects such as coal-based methanol, coal-based olefins, indirect coal liquefaction, and coal-to-natural gas; the goal is to create a world-class coal chemical hub that holds **strategic importance from an energy perspective** ； The segment of deep coal processing and comprehensive utilization focuses on the development of two circular economy demonstration parks in Ningdong and Dawukou ； In the railway sector, taking advantage of favorable conditions such as the **-level Ningdong Energy and Chemical Industry Base, a railway transportation network that runs from east to west and connects north and south has been established. By 2013, large-scale coal bases of ** level, centered on coal mining, as well as material production and R&D bases of ** level, focused on coal chemical industry, would have been established.