Shanxi successfully listed and sold two coal-bed methane exploration rights

According to China News, the coalbed methane (CBM ) exploration rights of the two blocks of “Yushe-Wuxiang” and “Wuxiangdong”, which were listed and sold by the Department of Natural Resources of Shanxi Province, ended the 10-day online free quotation stage and entered the online time-limited bidding stage on February 1st.
 
Among them, the Yushe-Wuxiang block, after 52 minutes and 174 rounds of quotation, was finally won by Shanxi Xiyang Fenghui Coal Industry Co., Ltd. for 626 million yuan. And the Wuxiang East Block, after two hours, 16 minutes and 135 rounds of quotation, was finally won by Shanxi Pingyao Coal Chemical (Group) Co., Ltd. for 294 million yuan.
 
This marks the first time that Shanxi has listed the CBM exploration rights in the country.