On December 6, 2002, approved by the Economic System Reform Office of the People's Government of Beijing Municipality, the company was jointly established by Jingmei Group as the main sponsor, together with China Coal Group (formerly China National Coal Industry Import and Export Group Corporation), Shougang Corporation, Minmetals Development (formerly Minmetals Longteng Technology Co., Ltd.), and the Central Coal Research Institute and other four legal entity shareholders through the initiation method.
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