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Evidence for Rewards and Punishments of Coal Enterprises’ Credit Behavior

Time:2017-12-26Publisher:Views:1405

Recently, the State Energy Administration issued the “Energy Industry Market Main Body Credit List (2018 edition)” (hereinafter referred to as the “List”), which classifies the punished and motivated credit behavior of legal persons and natural persons in the coal industry.

Within the industry, it is believed that this means that the pace of credit system construction in China’s coal industry is further accelerated, accelerating the entry into the era of “credit supervision”. So far, the credit punishment and incentive work of coal enterprises will have rules to follow.

In the List of disciplinary actions (legal person), there are nine items of credit behavior of coal enterprises: failing to construct matching coal washing equipment in accordance with the regulations; mining coal resources failing to reach the recovery rate of coal resources stipulated by the coal administration department of the State Council; adopting illegal means such as adulteration, fraud, sub-optimal operation; discarding mineable coal seams; violating of mining sequence; full-height mining without mining top coal and bottom coal or take coal skin as false roof; setting coal pillars without meeting relevant regulations; production enterprises exceeding the production quota arranged by provincial coal management departments; failing to formulate the disposal plan and submitted for examination in accordance with the requirements of Article 17 of the “Provisional Regulations on the Development and Utilization of Special and Rare Coal Categories”; failing to submit the annual report of coal reserves in accordance with Article 18 of the “Provisional Regulations on the Development and Utilization of Special and Rare Coals”.

In the list of incentive behavior (legal person), there are 5 items of the credit behavior of coal enterprises, including: creating, adopting and popularizing new technologies, new technologies, new equipment and new management methods to improve the recovery rate of mining area, so as to make the recovery rate of mining area higher than the prescribed index and achieve more remarkable economic benefits; under the principle of safety, economy and rationality, mining thin coal seams thinner than the recoverable thickness; under the principle of safety, economy and rationality, mining residual coal and pillars discarded for various reasons by means of re-mining and other forms to maximize the extraction or utilization; making outstanding contributions to the protection and exploitation of special and scarce coal; making outstanding contributions in the prevention and control of coal mine gas and the development and utilization of coalbed methane.

In the list of incentive behavior (natural person), there are 2 items of coal credit behavior, making outstanding contributions to the protection and exploitation of special and scarce coal and to the prevention and control of coal mine gas and the development and utilization of coal bed methane.

In the view of HUANG Jinping, Secretary of the Party Committee of Yongan Coal Industry of Fujian Energy Group, this practice is a beneficial attempt for the State to standardize the behavior of coal enterprises, guide them to apply new technologies, improve the mining technology level and improve the utilization rate of resources, and is also an inevitable requirement for the transformation of resources development and utilization from extensive to intensive.

Although the original intention of credit supervision is good, how can we ensure that it really works?

According to the “List”, the National Energy Administration and its dispatched energy regulatory agencies will classify the credit behavior of coal enterprises according to the credit behavior of coal enterprises to implement credit classification management and credit joint reward and punishment.

The list of disciplinary actions divides the coal enterprises’ dishonesty into three grades: slight dishonesty, heavy dishonesty and serious dishonesty, and sets clear punishment standards for different grades.

TakingCoal resources mining of coal mining enterprises which has not reached the recovery rate of coal resources stipulated by the Coal Administration Department of the State Council” as an example, slight dishonesty is ordered by the coal management department to rectify within a time limit, heavy dishonesty is ordered to stop production, and serious dishonesty, the management department of the State Council will suspend and close the the production of the enterprises.

The incentive list of enterprises is mainly divided into national, provincial and ministerial, municipal and subordinate commendation and reward. Specific criteria are determined by the State Energy Administration and its local offices according to the awarding units of relevant commendation and reward.

WU Jingmei, Director of the Credit Management Research Center of Renmin University of China, believes that the most effective and most effective implementation of credit construction is the implementation of rewards and punishments, which is an inevitable choice to promote the transformation of credit from concept to practice, and also an effective measure to promote credit supervision.

“The role will be very obvious. Now enterprises value their own credit. Credit rating is very important for corporate financing. Once the funds are broken, the enterprise can’t run.” related principal  of Huainan Mining Industry said.

In the interview, XING Lei, a professor at the Institute of Coal Economics of the Central University of Finance and Economics, also expressed concern. “Many of the lists involve micro-scale coal mining technology and resource status analysis, which is difficult to verify.”

However, according to the above-mentioned related principal of Huainan Mining Industry, the current verification method of the items covered in the List is generally that the relevant government departments regularly go to the mines to check the information or go down to the mines for on-site inspection. “The people who come to inspect are professionals, and if there is a problem, they can see it at a glance,” said the related principal of Huainan Mining Industry.

 

From 16th Edition, December 25, 2017, China Energy Daily


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Dadi Engineering Development (Group) Co., Ltd. (hereinafter referred to as Dadi Company) was established in 1995. It was a Sino-Australian joint venture approved and registered by the former Ministry of Foreign Trade and Economic Cooperation of China, and belonged to the former Ministry of Coal Industry. In 2007, Reform into a joint stock company with a registered capital of 110.068609 million yuan.

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