EXHIBIT 8



Subsidiaries of the Registrant



|                                                        |                                         |                                  
|------------------------------------------------------- | --------------------------------------- | ---------------------------------
|Name                                                    | Jurisdiction of Incorporation           | Percentage Ownership             
|Bijie Feishang Energy Co. Ltd.                          | Peoples Republic of China              | 100% (held by Guizhou Puxin)     
|China Coal Mining Investments Limited                   | Hong Kong Special Administrative Region | 100% (held by Registrant)        
|Feishang Dayun Coal Mining Limited                      | Hong Kong Special Administrative Region | 100% (held by Pineboom)          
|Feishang Mining Holdings Limited                        | British Virgin Islands                  | 100% (held by Registrant)        
|Feishang Yongfu Mining Limited                          | Hong Kong Special Administrative Region | 100% (held by Newhold)           
|FMH Corporate Services Inc.                             | Florida                                 | 100% (held by Registrant)        
|Guizhou Dayun Mining Co. Ltd.                           | Peoples Republic of China              | 100% (held by Yangpu Dashi)      
|Guizhou Fuyuantong Energy Co. Ltd.                      | Peoples Republic of China              | 100% (held by Smartact)          
|Guizhou Nayong Dayuan Coal Mining Co. Ltd.              | Peoples Republic of China              | 99% (held by Guizhou Puxin)      
|Guizhou Puxin Energy Co. Ltd.                           | Peoples Republic of China              | 100% (held by Guizhou Fuyuantong)
|Guizhou Yongfu Mining Co. Ltd.                          | Peoples Republic of China              | 70% (held by Guizhou Puxin)      
|Hainan Yangpu Dashi Industrial Co. Limited              | Peoples Republic of China              | 100% (held by Guizhou Puxin)     
|Hong Kong Smartact Limited                              | Hong Kong Special Administrative Region | 100% (held by Wealthy Year)      
|Jinsha Baiping Mining Co. Ltd.                          | Peoples Republic of China              | 70% (held by Guizhou Puxin)      
|Liuzhi Linjiaao Coal Mining Co. Ltd.                    | Peoples Republic of China              | 99% (held by Guizhou Puxin)      
|Liuzhi Xinsong Coal Mining Co. Ltd.                     | Peoples Republic of China              | 99% (held by Guizhou Puxin)      
|Nayong Gouchang Coal Mining Co. Ltd.                    | Peoples Republic of China              | 99% (held by Guizhou Puxin)      
|Newhold Investments Limited                             | British Virgin Islands                  | 100% (held by Registrant)        
|Pineboom Investment Limited                             | British Virgin Islands                  | 100% (held by Registrant)        
|Shenzhen Feishang Management and Consulting Co. Limited | Peoples Republic of China              | 100% (held by Yunnan Mining)     
|Silver Moon Technologies Limited                        | British Virgin Islands                  | 80% (held by Registrant)         
|Sunwide Capital Limited                                 | British Virgin Islands                  | 100% (held by Registrant)        
|Wealthy Year Limited                                    | British Virgin Islands                  | 100% (held by Registrant)        
|Wuhu Feishang Mining Development Co. Ltd.               | Peoples Republic of China              | 100% (held by Feishang Mining)   
|Yangpu Lianzhong Mining Co. Limited                     | Peoples Republic of China              | 100% (held by China Coal)        
|Yangpu Shuanghu Industrial Development Co. Limited      | Peoples Republic of China              | 100% (held by Feishang Yongfu)   
|Yunnan Feishang Mining Co. Ltd.                         | Peoples Republic of China              | 100% (held by Wuhu Feishang)