Shanxi Coking Coal Group

"Shanxi Coking" redirects here. For the subsidiary, see Shanxi Coking Company.
For another Shanxi company, see Shanxi Shenzhou Coal Electricity Coking.
Shanxi Coking Coal Group
山西焦煤集团有限责任公司
Company typestate-owned enterprise
Founded2001
Headquarters
Taiyuan
,
China
ProductsCoal, coke and other chemicals
RevenueDecrease CN¥195.1 billion (2015)
Decrease (CN¥429.1 million) (2015)
Increase CN¥477.6 million (2015)
Total assetsIncrease CN¥261.0 billion (2015)
Total equityIncrease CN¥25.9 billion (2015)
OwnerShanxi Government (100%)
ParentSASAC of Shanxi Government
Subsidiariessee list
Websitesxcc.com.cn
Footnotes / references
in a consolidated basis[1]
Shanxi Coking Coal Group Co., Ltd.
Simplified Chinese山西焦煤集团有限责任公司
Traditional Chinese山西焦煤集團有限責任公司
Transcriptions
Shanxi Coking Coal
Simplified Chinese山西焦煤
Traditional Chinese山西焦煤
Transcriptions
Second alternative Chinese name
Simplified Chinese晋焦煤
Traditional Chinese晉焦煤
Literal meaningJin Coking Coal
Transcriptions

Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned coal mining conglomerate and a holding company, as one of the seven coal conglomerates that had a production capability of over 100 million metric tons in China in 2011.[2] Shanxi Coking Coal Group was ranked 337th in 2016 Fortune Global 500.[3]

The company was owned by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government [zh], which Shanxi SASAC injected several provincial government owned companies into the holding company in order to centralize the production of coal and coke in one business group.

The holding company is the parent of three publicly traded companies: Nafine Chemical Industry Group, Shanxi Coking Company and Xishan Coal and Electricity Power.

As at 31 December 2015, Shanxi Coking Coal Group had a mining capability of 86.9 million metric tons per year, according to National Energy Administration,[4] with some capability were not disclosed, such as Shaqu mine (Chinese: 沙曲矿) of Huajin Coking Coal.[5]

In 2011 Shanxi Coking Coal Group is the largest Chinese miner for coking coal (metallurgical coal).[6] According to the company, the group produced 105.35 million tons of coal and 9.62 million tons of coke, plus 13 billion kWh of electricity in 2015.[7] According to the International Energy Agency, Shanxi Coking Coal Group was ranked 4th in 2006 in China by sales mass of coal.[8]

History

Shanxi Coking Coal Group was found in 2001 as the holding company of Fenxi Mining Industry Group, Xishan Coal Electricity Group and Huozhou Coal Electricity Group. The stake of Xishan Coal and Electricity Power was also acquired from Xishan Coal Electricity Group in 2001. The group also formed a joint venture Huajin Coking Coal in the same year. In 2004, Shanxi Coking Coal Group became the parent company of Shanxi Coking Group. It was followed by Yuncheng Salt Group in 2012 and Shanxi Coke Group in 2013.

Fenxi Mining Industry Group

Fenxi Mining Industry (Group) Co., Ltd. (Chinese: 汾西矿业(集团)有限责任公司), based in Fenxi County, Linfen, was founded in 1956 as Fenxi Mining Bureau (Chinese: 汾西矿务局). In 2000 it was incorporated as a limited company. It became part of Shanxi Coking Coal Group in 2001. In 2005 China Construction Bank, China Cinda Asset Management and China Huarong Asset Management became minority shareholders[9] by debt-to-equity swap.[10]

Huajin Coking Coal

Huajin Coking Coal Co., Ltd. (Chinese: 华晋焦煤有限责任公司) was incorporated in 2001 as a 50-50 joint venture of Shanxi Coking Coal Group and China Coal Energy.[11] In 2011, "Shanxi China Coal Huajin Energy" (Chinese: 山西中煤华晋能源有限责任公司) was split from the company. Both companies recapitalized, which Huajin Coking Coal was under Shanxi Coking Coal Group for 51% stake,[11] while Huajin Energy was under China Coal Energy for 51% stake.[11]

In 2014 the 49% minority stake in "Huajin Energy" was injected to group's wholly owned subsidiary Shanxi Coking Group.[11] In April 2016 it was announced it would sold to listed subsidiary Shanxi Coking in a cash plus new shares deal.[11]

Huozhou Coal Electricity Group

Huozhou Coal Electricity Group Co., Ltd. (Chinese: 霍州煤电集团有限责任公司) was founded in 1958[12] in Huozhou, Linfen as Huo Country Mining Bureau (Chinese: 霍县矿务局; Huo Country became Huozhou in 1989). In 2000 it was incorporated as a limited company. It became part of Shanxi Coking Coal Group in 2001.

As at 31 December 2015, the other shareholders were China Construction Bank and China Cinda Asset Management. They acquired the stake by debt-to-equity swap.[13]

Shanxi Coke Group

Shanxi Coke Group Co., Ltd. (Chinese: 山西省焦炭集团有限责任公司) was founded in 2002. The company specialized in coke and methanol making.[14] It became part of Shanxi Coking Coal Group in 2013, transferred from Shanxi Coal Transportation and Sales Group.[15]

Shanxi Coking Group

Shanxi Coking Group Co., Ltd. (Chinese: 山西焦化集团有限公司) based in Hongtong County, Linfen, was founded in 1969 as Hongtong Coking Factory.[16][17] In 1995, a subsidiary, Shanxi Coking Company, was formed to float the coke making factory in the stock exchange.[16] The other assets remained unlisted. Shanxi Coking Group became a wholly own subsidiary of Shanxi Coking Coal Group in 2004. In 2005 Shanxi Coking Group sold 24.19% stake of the listed company to another subsidiary of Shanxi Coking Coal Group: Xishan Coal and Electricity Power for CN¥260 million (CN¥4.87 per share).[11][18]

In 2014 Shanxi Coking Group received 49% stake of Huajin Energy from the parent company; the stake would be sell to Shanxi Coking for cash and new shares, as announced in April 2016.[11]

Xishan Coal Electricity Group

Main article: Xishan Coal Electricity Group

Xishan Coal Electricity (Group) Co., Ltd. was founded in 1956 as Xishan Mining Bureau (Chinese: 西山矿务局). In 1998 the organization was incorporated as a limited company.[19] In 1999 a subsidiary Xishan Coal and Electricity Power was incorporated and floated on Shenzhen Stock Exchange in 2000.[19][20] Xishan Coal Electricity Group became a subsidiary of Shanxi Coking Coal Group in 2001. The stake in the listed company was also transferred from Xishan Coal Electricity Group to the parent company that year.[21]

Xishan Coal and Electricity Power

Main article: Xishan Coal and Electricity Power

Yuncheng Salt Group

Subsidiaries

As of 31 December 2015

See also

References

  1. ^ "2015 Annual Report". Shanxi Coking Coal Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 November 2016.
  2. ^ "China's 7 Coal Mining Companies Realized Production Capacity of 100 Mln Tonnes in 2011". Steel Home. Re-published by Chinamining.org. 1 February 2012. Archived from the original on 3 November 2013. Retrieved 2 June 2012.
  3. ^ "337 Shanxi Coking Coal Group". Fortune. Retrieved 1 November 2016.
  4. ^ "山西省煤矿生产能力情况(截至2015年底)" [Production capability of coal mines in Shanxi Province (as at 31 December 2015)] (PDF) (in Chinese). National Energy Administration. 28 April 2016. Retrieved 2 November 2016.
  5. ^ "全国煤矿生产能力变化情况表" (PDF) (in Chinese). National Energy Administration. 28 August 2015. Retrieved 2 November 2016.
  6. ^ Le, Reggie (5 April 2012). "China's Jizhong Energy mines 31 million mt of coal, up 10% on year". Platts. Retrieved 2 June 2012.
  7. ^ "山西焦煤集团公司2015年度财务等重大信息 (页2)" (in Chinese). Shanxi Coking Coal Group. 29 June 2016. Retrieved 4 November 2016.
  8. ^ "Cleaner Coal in China" (PDF). International Energy Agency. 2009. Retrieved 7 November 2016.
  9. ^ Shanxi Government database (in Chinese)
  10. ^ "集团概况" [About us] (in Chinese). Fenxi Mining Industry Group. Retrieved 1 November 2016.
  11. ^ a b c d e f g "山西焦化发行股份及支付现金购买资产并募集配套资金暨关联交易预案（修订稿）" (PDF). Shanxi Coking Co., Ltd. (in Chinese). Shanghai Stock Exchange. 27 April 2016. Retrieved 1 November 2016.
  12. ^ "霍州矿务局" [Huozhou Mining Bureau] (in Chinese). People's Daily. 9 November 2000. Retrieved 1 November 2016.
  13. ^ Shanxi Government Database Accessed on 2 November 2016 (in Chinese)
  14. ^ "集团简介" [About us] (in Chinese). Shanxi Coke Group. Retrieved 1 November 2016.
  15. ^ "2013 Annual Report" (PDF). Shanxi Coal Transportation and Sales Group (in Chinese). Shanghai Stock Exchange. 29 April 2014. p. 80. Retrieved 2 November 2016.
  16. ^ a b "山西焦化股份有限公司招股说明书概要" [Pospcetus]. Shanxi Coking Co., Ltd. (in Chinese). ifeng.com. 25 June 1996. Retrieved 1 November 2016.
  17. ^ "集团简介" [About us] (in Chinese). Shanxi Coking Group. Retrieved 1 November 2016.
  18. ^ "山西西山煤电股份有限公司董事会关联交易公告". Xishan Coal and Electricity Power (in Chinese). Shenzhen Stock Exchange. 22 February 2005. Retrieved 1 November 2016.
  19. ^ a b "Prospectus". Xishan Coal and Electricity Power (in Chinese). Republished by 163.com. 21 July 2000. Retrieved 3 November 2016.
  20. ^ "走近西山" [About us] (in Chinese). Xishan Coal Electricity Group. October 2016. Retrieved 1 November 2016.
  21. ^ "西山煤电：公司控股股东变更的提示性公告". Xishan Coal and Electricity Power. Shenzhen Stock Exchange. 15 October 2001. Retrieved 3 November 2016.