Overview
US China Mining Group is a company engaged in coal production and sales by exploring, assembling, assessing, permitting, developing, and mining coal properties in the People's Republic of China ("PRC"). After obtaining permits from the Heilongjiang Province National Land and Resources Administration Bureau and the Heilongjiang Economic and Trade Commission, we extract coal from properties to which we have the right to mine capped amounts of coal, and then sell most of the coal on a per metric ton ("ton") basis in cash on delivery, primarily to power plants, cement factories, wholesalers, and individuals for home heating. We do not own the coal mines, but have mining rights to extract a capped amount of coal from a mine as determined by government authorized mining engineers and approved by the Heilongjiang Department of Land and Resources. Our business consists of the operations of Tong Gong coal mine in northern PRC, approximately 175 km southwest of the city of Heihe in the Heilongjiang Province, and the Hong Yuan and Sheng Yu coal mines located in the city of Mohe in Heilongjiang Province.