A ticket to riches for coal mine bosses
    By Jiang Zhuqing (China Daily)
    Updated: 2006-09-27 07:01

    Shanxi is China's biggest coal producing province, something that has turned many colliery owners into the area's nouveaux riche.

    With a taste for high living, including fancy cars and big villas, these bosses seem to represent everything that is good and bad about China's economic development.

    It would be easy for most Shanxi coal bosses to buy several houses in one go, said Jin Weidong, who owns a colliery in Xiaoyi, a city in Shanxi. His mine produces 150,000 tons of coal annually.

    Even owners of small mines can earn 4-5 million yuan (US$500,000 -625,000) a year. Bosses of bigger mines can earn as much as 100 million yuan (US$12.5 million) a year, he claimed.

    Houses are a must-buy for many of them.

    "There are two reasons to purchase houses in big cities such as Shanghai and Beijing," said Jin.

    "One is to buy as an investment, the other is to seek a better place for our children to be educated."

    Once one buys a property in a real estate project, others often follow suit without hesitation, said Jin.

    Coal bosses, even though most of them only received a primary or middle school education, have become synonymous with millionaires in Shanxi Province.

    Thousands of coal bosses, including those from other regions with large coal deposits, have got on the list of the wealthiest in their hometown.

    Of 31 men who qualified to be placed on China's 2005 energy rich list, 11 were engaged in the coal industry, according to Briton Rupert Hoogewerf, who compiled the list.

    The richest is Zhang Xinming, chairman of Jinye Coal Group, also in Shanxi Province.

    He was seventh on the list, with a personal wealth of an estimated 1 billion yuan (US$125 million), a figure that cannot be verified via income tax bureaux.

    Most of the coal bosses began to make their fortunes in 2002, when the price of coal increased rapidly because of huge domestic energy demand.

    Oil prices have also risen steeply in recent years, meaning many firms have switched to coal, pushing up demand further.

    Since then, many private coal mines, as well as some State-owned mines, have increased their production capacities.

    Some collieries have increased production by 10 times the permitted capacity, experts said.

    Statistics indicate China's total coal output increased from 1.4 billion tons in 2003 to 2.1 billion tons in 2005.

    At the same time, coal bosses have come under the spotlight for their alleged apathy towards frequent coal mine accidents and indifference to safety.

    Colliery accidents killed more than 2,900 miners throughout the nation in the first eight months of this year, statistics from the State Administration of Work Safety show.

    Many people complain it is far cheaper to compensate a dead miner's family than invest in safety equipment.

    In 2004 Shanxi Province said compensation should be no less than 200,000 yuan (US$25,000) for each miner killed.
    123  

     
     

    熟妇人妻系列av无码一区二区| 精品国产v无码大片在线观看| 久久av无码专区亚洲av桃花岛 | 最近中文字幕视频在线资源| 色偷偷一区二区无码视频| 在线中文字幕一区| 无码任你躁久久久久久久| 日韩精品久久无码人妻中文字幕 | 最近中文字幕视频在线资源| 亚洲AV无码乱码在线观看| 十八禁无码免费网站| 无码AV中文字幕久久专区| 国产啪亚洲国产精品无码 | 无码国产精品一区二区免费| 国产乱码精品一区二区三区中文 | 亚洲无码黄色网址| 国产成人无码精品一区在线观看| 亚洲精品无码av人在线观看 | 亚洲熟妇无码AV在线播放| 曰韩中文字幕在线中文字幕三级有码| 最新中文字幕AV无码不卡| 精品亚洲成α人无码成α在线观看| 日韩精品无码一区二区三区免费| 亚洲第一极品精品无码久久| 麻豆国产精品无码视频| 国产成人无码AV麻豆| 无码AV动漫精品一区二区免费| 亚洲欧洲中文日韩久久AV乱码| 日本高清免费中文在线看| 精品久久久久久久久中文字幕| √天堂中文官网在线| 中文字幕av无码一区二区三区电影 | 欧日韩国产无码专区| 18禁网站免费无遮挡无码中文 | 亚洲爆乳无码精品AAA片蜜桃| 日韩无码系列综合区| 亚洲国产精品无码久久久久久曰| 中文字幕无码一区二区三区本日| 亚洲精品人成无码中文毛片| 日本按摩高潮a级中文片| 亚洲最大激情中文字幕|