Hao Peng, the Acting Governor of Qinghai Province Investigating the Largest Private Enterprise of Qinghai

 Qinghai Channel, Xinhua Net (by By Ye Xiuwu, April 5) On April 5, Hao Peng, the acting governor of Qinghai province and the followers visited and investigated Qinghai Kingho Coal Chemical Company Limited wholly owned by Qinghai Kingho Group, the largest private enterprise in Qinghai. Hao Peng, acting governor of Qinghai province, affirmed and highly recognized the achievements and contributions of Qinghai Kingho Group for the local economy and social development during the investigation, Ding Ping, the General Manager of Qinghai Kingho Group, reported the situation of the production, operation and project development.
    Qinghai Kingho Group (Hereafter refer to Qinghai Kingho), founded in June 2013, is a large private enterprise integrating coal mining and dressing, metal ores mining and dressing and coal chemical industry. As the first pilot enterprise of Cai Damu Recycle Economy Pilot Zone, Qinghai Kingho has invested in the construction of the largest coalfield known as No. 2 coal mine of Juhugeng Mining Area in Muri Coalfield, Golmud Iron Ore Mining and Processing (2.5 MT per year), Ulan Coal Chemical Recycling Economy Park (2 MT tar per year). The Integrated Steel Project (2MT), Iron Ore Mining and Processing Project (6MT), Ye Maquan Iron and Zinc Ming Project (0.5MT) are under construction currently. Over 10 years’ rapid development, Qinghai Kingho has become the largest private enterprise of Qinghai Province. Its total assets hit 14.884 billion Yuan by the end of 2012, achieving yearly sales income of 5.472 billion Yuan, contributing taxes around 1.627 billion Yuan, and employing more than 4,600 employees.
    Ding Ping reported that Qinghai Kingho has never forgotten to give back to the society while getting outstanding development. Qinghai Kingho has invested more than 500 million in the local infrastructure construction, new rural and pastoral construction and charity and welfare business since the establishment of the company. The Kingho donated up to 15.03 million Yuan during the Yushu earthquake.