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    According to the Shanghai negotiable securities newspaper “boss Wen (alias) the contract signed down, he attained over 150 million Yuan!”On November 6, among Shanxi Ningwu County Wenzhou coal bosses, was spreading this news mutually. This is they may accept, and is higher than the anticipated negotiation result. Before, this coal mine once had two quoted prices, respectively has been 130 million and 80 million Yuan. However, boss Wen was not happy. On November 4, when chatted with reporter, his very unwilling heart said that “200 million I am not willing to sell. Nobody sells the ore voluntarily.”

    As the Chinese private investment most active community, the native of Wenzhou from 2003 to 2008 in this coal industry most fire’s several years, entered Shanxi on a large scale, bought many small coal mines by the market price. However, this kind of marketability lets the ore power the way, has met the government-led coal resource conformity in 2009. Under the strong trend conformity policy, the Wenzhou coal boss only then leaves the stage low-spirited, a coal boss said that “did not let you do, what means had?”

    The first conformity edition: The key looks at the compensation policy

    The Shanxi coal conformity does not have the bystander to imagine that “with irresistible force”, in this period policy change was restricts the transaction the important attribute. This cancels the incident to can be inferred from floating compensation treaty in Ningwu County.

    From Taiyuan toward going north high-speed, crosses Xinzhou and Yuanping, gets down high-speed toward the northwest, passed by Xuangang Town, may arrive at Ningwu County. Starts from Xuangang Town, car dealership not many far, can see each one coal pile field. Ningwu is located in of a Ningwu coal field Shanxi biggest coal fields.

    Here is place which coal boss gathers, especially is in the majority by the native of Wenzhou. In treating in conformity 55 coal mines makes some 20 to be the native of Wenzhou. Last week, the Shanghai negotiable securities newspaper reporter penetrated Ningwu, has investigated and studied in detail the local coal resource conformity situation.

    The Ningwu coal resource conformity background is very simple: In the second half of last year, the Shanxi provincial government initiated, carried out in the entire province scope the state-owned big coal business purchase and annexation the motion of small coal mine. After conformity reorganization, entire province mine pit integer reduces to 1000, the coal enterprise scale was not lower than 3 million tons/year, the single mine pit scale of production was not lower than 900,000 tons/year, and realizes mechanized mining which completely takes the synthesis to pick primarily. According to the policy, as is purchased object, the small coal mine boss has two kinds of choices: First, by coal mine property price, buys stock the state-owned ore, becomes the young shareholder; Second, the property realization, takes the cash to leave.

    On September 20, many coal bosses and reorganization side signed the reorganization contract. This is also this time purchases the first edition. This combination with including a property transfer agreement, a mining right transfer contract and a subsidiary agreement. According to native of Wenzhou coal boss Mr. He (alias), when signs the contract, oneself are informed is “deals in province request”, the mergers and reorganization property transfer agreement is not the main agreement, must take the subsidiary agreement finally as the standard.

    Mergers and reorganization property transfer agreement to property transfer prices, from two aspects: One is the material object appraisal, namely coal mine fixed asset material object appraisal, this data based on appraising the assessment report of company. One is the resources cost compensation. In September, 2008 issues “To involve Resources Mining right Cost Handling Means about Coal mine enterprise Mergers and reorganization” according to Shanxi stipulated that in returning in the surplus amount of resources cost’s foundation, took on February 28, 2006 as the boundary, before then paid the resources cost compensated the original mining right cost 100%, after this paid the resources cost compensated the original mining right cost 50%.

    “Material object appraisal and resources cost are dead, everybody will not have any difference, the key is the subsidiary agreement.”Many coal bosses said that in September after contract sign, everybody and other government’s compensation policies.

    After signing the property transfer agreement, many coal bosses in waiting for in county compensation means.

    The second conformity edition: Gambling “floating compensation”

    ”Ningwu County Coal mine Mergers and reorganization Conformity Leadership Organizes and runs Public office about Annexation Conformity Coal mine enterprise Economic compensation Instruction Opinion” (below said that “instruction opinion”) was Ningwu County has collected many expert opinions, spent for 10 days to do, on October 6, the instruction opinion finalized a manuscript.

(Chief-editor: Li Chun)