Sinocoking Coal and Coke Chemicals Inc is incorporated in Florida on September 30, 1996, under the name J. B. Financial Services, Inc. The Company changed its name to Ableauctions.com, Inc., on July 19, 1999. The Company is vertically-integrated coal and coke producer in Henan Province, Peoples Republic of China. The Company is a vertically-integrated coal and coke producer based in Henan Province, China. The Company's coal products include raw coal, washed coal, mid-coal and coal slurries. Its coke products include metallurgical coke, coke provider, coal tar and crude benzol. The Company also generates electricity from gas emitted during the cooking process, which the Company uses primarily to power its operations. All of its business operations are conducted by Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd., which it control through contractual arrangements that Hongli and its owners have entered into with Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd. The coke related activities were carried out by Hongli and Honglis branch operation, Baofeng Coking, coal related activities were carried out by Hongchang Coal, Shuangrui Coal and Xingsheng Coal, all subsidiaries of Hongli; and electricity generation was carried out by another Hongli subsidiary, Hongguang Power. The Company incorporates measures to reduce the environmental impacts of our operation.