·Liaoning Energy recently announced that the company’s wholly-owned subsidiary has received an administrative penalty decision from the Liaoyang Municipal Natural Resources Bureau.
According to the announcement, from September 2021 to August 2023, Xima 12bet casino Mine, a subsidiary of Liaoning Energy, went beyond the scope of the approved mining area and built the 1203 working face of the north wing filling mining area without obtaining the change approval procedures. The 12bet casino mine resources are 277,539 tons, and the net profit is more than 34.03 million yuan.
This behavior violates Article 3 of the "Mineral Resources Law" "The state guarantees the reasonable development and utilization of mineral resources. It is prohibited for any organization or individual to use any means to appropriate or destroy mineral resources. People's governments at all levels must strengthen the protection of mineral resources." " provisions constitute cross-border mining.
According to Article 40 of the Mineral Resources Law, "Whoever mines beyond the scope of the approved mining area shall be ordered to return to the mining area and compensate for losses, and the mineral products and illegal gains mined beyond the boundary shall be confiscated, and a fine may be imposed; if he refuses, Return to mining within the scope of this mining area,
Contrast the first part of the "Guiding Standards for the Discretionary Power of Mineral Administrative Penalties of the Department of Natural Resources of Liaoning Province" "Whoever mines beyond the scope of the approved mining area shall be fined not more than 30% of the illegal income. Mining beyond the scope of the approved mining area shall be illegal. Illegal gains exceeding 300,000 yuan shall be punished
Public information shows that Liaoning Energy’s main business is 12bet casino mining, washing, processing and sales, and the production and supply of electricity and heat. On April 24, Liaoning Energy disclosed its first quarter report for 2024. The total operating income for the current period was 1.574 billion yuan, a year-on-year decrease of 20.26%; the net profit attributable to the parent company was 82.5338 million yuan, a year-on-year decrease of 71.25%.
