At the auction of the 2018 Shanxi Province CBM Tender on 1 February 2019, the Yushe-Wuxiang CBM Block was won by Shanxi Xiyang Fenghui Coal Co Ltd at a cost of 626 million RMB (US$ 92.8 million) and Wuxiang East CBM Block was won by Shanxi Pingyao Coal Chemical Group Co Ltd at a cost of 294 million RMB (US$ 43.6 million). The winners of the tender will now register the blocks with the government for the final award of the concession. Tender blocks Yushe-Wuxiang CBM Block covers 246.77 sq km and Wuxiang East CBM Block covers 147.08 sq km. The tender blocks will be given an exploration period of 3 years with an additional 3 months of assessment period at the end of the exploration period. The minimum annual commitment for the tender blocks is 30,000 RMB/sq km. In the event when the commitment spend is less than 30%, the exploration license will be cancelled and when the commitment spend is more than 30% but less than 100%, a part relinquishment of the exploration license will be enforced. The Shanxi Province Government offered two CBM exploration blocks for tender on 6 December 2018. Interested parties are to collect the tender documents and the data package from the Department of Natural Resources of Shanxi Province by 3 January 2019. The tender documents were submitted by 8 January 2019, where it was vetted and all bidders that passed the vetting had to pay a security deposit of 3 million RMB (~US$ 436,000) by 14 January 2019. The auction for the tender blocks took place online on 18 January 2019 and close on 1 February 2019. <P />
At the auction of the 2018 Shanxi Province CBM Tender on 1 February 2019, the Yushe-Wuxiang CBM Block was won by Shanxi Xiyang Fenghui Coal Co Ltd at a cost of 626 million RMB (US$ 92.8 million) and Wuxiang East CBM Block was won by Shanxi Pingyao Coal Chemical Group Co Ltd at a cost of 294 million RMB (US$ 43.6 million). The winners of the tender will now register the blocks with the government for the final award of the concession. 