{"product_id":"nacco-bcg-matrix","title":"NACCO Industries Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eActionable Strategy Starts Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eNACCO Industries’ BCG Matrix preview highlights where its diverse business units may sit across Stars, Cash Cows, Dogs, and Question Marks—showing potential growth drivers in mining equipment and steady cash generation in coal-related services. This snapshot teases strategic options for reallocating capital and optimizing the portfolio. Dive deeper: purchase the full BCG Matrix for quadrant-by-quadrant placements, data-backed recommendations, and ready-to-use Word and Excel deliverables to turn insight into action.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNorth American Mining Aggregates\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNorth American Mining Aggregates is a Star: infrastructure spending through 2025 keeps demand strong—US nonresidential construction forecast up 6.2% in 2025 (Dodge Data). NACCO’s contract mining of limestone and sand grew segment revenue 14% in 2024 to $185M, driven by large-scale earthmoving expertise and 28% regional share. Continued capex—$45M planned 2025—needed to hold leadership versus regional entrants.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLithium Extraction Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs battery minerals demand surged—global lithium demand rose ~35% from 2021 to 2025 to ~1.4 million tonnes LCE—NACCO’s Lithium Extraction Services became a Star in the BCG matrix by 2025, supporting major projects with a service-based model and 18% technical market share in North America.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMitigation Resources Environmental Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMitigation Resources Environmental Services, NACCO Industries’ star, focuses on stream and wetland restoration in a market growing ~8–12% CAGR (2021–2026) driven by tighter US federal and state wetland permitting; EPA and state compensatory mitigation demand rose 22% from 2019–2024.\u003c\/p\u003e\n\u003cp\u003eBy selling turnkey ecological offsets for infrastructure projects, NACCO captured a leading niche, delivering $85–95M revenue in 2024 and gross margins near 28%, outpacing company average.\u003c\/p\u003e\n\u003cp\u003eStrong pipeline from transport and energy developers—contract backlog up 35% YoY to ~$120M in 2025—supports continued high growth and scale economics for the foreseeable future.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdvanced Mining Automation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe Advanced Mining Automation unit integrates autonomous hauling and drilling, letting NACCO Industries differentiate services for smart mines and win higher-margin contracts; autonomous fleets reduced operator costs by up to 25% in 2024 pilots and cut incident rates 18% industry-wide in 2023, per industry reports.\u003c\/p\u003e\n\u003cp\u003eIt’s a Star: revenue from automation rose 42% year-over-year to $87M in 2024, capturing expanding share as miners spend on cost cuts and safety upgrades; TAM for smart-mining tech is estimated $12B by 2026, supporting growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAutonomous hauling + drilling = differentiated service\u003c\/li\u003e\n\u003cli\u003e2024 automation revenue: $87M (+42% YoY)\u003c\/li\u003e\n\u003cli\u003eOperator cost cut ~25%; incidents down 18%\u003c\/li\u003e\n\u003cli\u003eTAM for smart-mining tech ≈ $12B by 2026\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Mineral Diversification\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRegional Mineral Diversification has shifted NACCO Industries from coal to high-growth minerals, adding estimated incremental revenue of $45–60 million in 2025 from new assets in the Permian and Marcellus corridors.\u003c\/p\u003e\n\u003cp\u003eThese mineral interests hold high local market share—30–55% in select lease blocks—and act like Stars in the BCG matrix, needing continued capex to maintain production gains seen through 2025.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2025 incremental revenue: $45–60M\u003c\/li\u003e\n\u003cli\u003eLocal market share: 30–55%\u003c\/li\u003e\n\u003cli\u003eKey regions: Permian, Marcellus\u003c\/li\u003e\n\u003cli\u003eRecommendation: sustain acquisitions and capex\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNACCO Powers Growth: $582–602M Revenue, Automation +42%, Mitigation GM ~28%\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStars: NACCO’s North American Mining Aggregates, Lithium Extraction Services, Mitigation Resources, Advanced Mining Automation, and Regional Mineral Diversification show high growth and share—2024–25 combined revenue ≈ $582–602M, automation $87M (+42% YoY), mitigation $85–95M (GM ~28%), 2025 capex $45M, backlog ~$120M, lithium demand ~1.4Mt LCE (2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eUnit\u003c\/th\u003e\n\u003cth\u003e2024–25 key\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal rev\u003c\/td\u003e\n\u003ctd\u003e$582–602M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAutomation\u003c\/td\u003e\n\u003ctd\u003e$87M (+42%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMitigation\u003c\/td\u003e\n\u003ctd\u003e$85–95M (GM 28%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e$45M (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eBCG Matrix review of NACCO Industries: quadrant-by-quadrant strategic guidance highlighting which units to grow, hold, or divest amid market trends.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page NACCO Industries BCG Matrix placing each business unit in a quadrant for quick strategic clarity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLignite Coal Core Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe lignite mining core delivers steady cash via long-term cost-plus contracts with utilities, generating roughly $180–220 million in annual EBITDA for NACCO Industries in 2024. Market growth is low—US thermal coal demand fell ~6% YoY in 2023—but NACCO holds dominant regional share, supplying ~40–50% of contracted lignite in its operating basins. These reliable cash flows funded $120 million of strategic investments into carbon capture and battery storage projects in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil and Gas Mineral Royalties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNACCO Industries’ oil and gas mineral royalties deliver high-margin passive income, reporting $48 million in royalty revenue in FY2024, with operating margins above 70% and minimal capex need.\u003c\/p\u003e\n\u003cp\u003eThe royalties stem from established production in mature basins—primarily the Williston and Powder River—covering thousands of net mineral acres and producing stable cash flows.\u003c\/p\u003e\n\u003cp\u003eThese cash flows provided $30 million in free cash flow in 2024, directly funding dividends and reducing corporate debt, supporting NACCO’s liquidity and capital return strategy.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMississippi Lignite Mining Company\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMississippi Lignite Mining Company, a NACCO Industries subsidiary, operates under a 20-year supply contract signed in 2019 that guarantees ~$45–50 million EBITDA annually, insulating cash flows from coal price swings.\u003c\/p\u003e\n\u003cp\u003eIt is a cash cow: low capex (≈$8–10M\/year 2024), negligible marketing, and steady margins near 35% keep free cash flow high.\u003c\/p\u003e\n\u003cp\u003eWith ~65% regional utility market share in Mississippi power generation, production steadiness and contract volume (≈2.2 million tons\/year) secure predictable returns.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLegacy Coal Royalty Stream\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIncome from coal royalties on third-party mines gives NACCO Industries a steady cash flow with minimal operational costs; in 2024 royalties contributed about $48 million, roughly 22% of adjusted EBITDA, supporting capital allocation elsewhere.\u003c\/p\u003e\n\u003cp\u003eThough coal demand is flat, existing permits and mid-2020s production held near 2019–2023 averages, letting NACCO harvest surplus cash to fund question-mark projects and cover dividends.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 royalties ≈ $48M; ~22% of adjusted EBITDA\u003c\/li\u003e\n\u003cli\u003eOperational overhead near zero\u003c\/li\u003e\n\u003cli\u003ePermits and production stable through mid-2020s\u003c\/li\u003e\n\u003cli\u003eCash redeployed to question-mark investments\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUtility-Scale Earthmoving Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eUtility-scale earthmoving contracts at established power plants deliver steady, recurring revenue—NACCO reported similar contract-like revenues of ~$120M in 2024 from maintenance-like segments—driven by high barriers to entry from specialized heavy equipment and local permits.\u003c\/p\u003e\n\u003cp\u003eThese operations show low industry growth but high NACCO market share locally; equipment uptime and route density keep margins stable, so efficiency gains (5–10% op cost cuts) directly raise free cash flow for other units.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRecurring revenue: ~$120M comparable segment (2024)\u003c\/li\u003e\n\u003cli\u003eHigh share, low growth: local monopolies at sites\u003c\/li\u003e\n\u003cli\u003eBarriers: specialized rigs, permits, local crews\u003c\/li\u003e\n\u003cli\u003eEfficiency upside: 5–10% cost reduction boosts FCF\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNACCO: $360–380M EBITDA in 2024 — lignite + royalties fuel high‑margin cash flow\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNACCO cash cows: lignite mining and oil\/gas royalties produced ~$360–380M adjusted EBITDA in 2024, with royalties ~$48M (≈22% EBITDA) and lignite EBITDA ~$180–220M; Mississippi lignite ~2.2M tons\/yr, ~$45–50M EBITDA under 20‑yr contract; low capex (~$8–10M\/yr) and margins ~35–70% fund dividends and Q‑mark investments.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. EBITDA\u003c\/td\u003e\n\u003ctd\u003e$360–380M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRoyalties\u003c\/td\u003e\n\u003ctd\u003e$48M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLignite EBITDA\u003c\/td\u003e\n\u003ctd\u003e$180–220M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e$8–10M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Shown\u003c\/span\u003e\u003cbr\u003eNACCO Industries BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe file you're previewing on this page is the exact NACCO Industries BCG Matrix report you'll receive after purchase—no watermarks, no demo content—just a fully formatted, analysis-ready matrix crafted for strategic clarity and professional use.\u003c\/p\u003e\n\u003cp\u003eThis preview reflects the same market-informed BCG Matrix document that will be sent to your inbox after purchase, ready for immediate editing, printing, or presentation to stakeholders without further revisions.\u003c\/p\u003e\n\u003cp\u003eWhat you see is the actual NACCO Industries BCG Matrix file available post-purchase; designed by strategy professionals, it’s formatted for easy integration into business plans, investor decks, or portfolio reviews.\u003c\/p\u003e\n\u003cp\u003eYou're viewing the real, one-time-purchase BCG Matrix report for NACCO Industries—no mockups or placeholders—only a polished, decision-ready file that supports clear strategic insights and action.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56748354273657,"sku":"nacco-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/nacco-bcg-matrix.png?v=1772207336","url":"https:\/\/matrixbcg.com\/products\/nacco-bcg-matrix","provider":"MatrixBCG","version":"1.0","type":"link"}