Shanxi Coking Coal Group Co., Ltd. is a Chinese

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

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. Shanxi Coking Coal Group was ranked 337th in 2016

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

. The company was owned by the State-owned Assets Supervision and Administration Commission (SASAC) of , 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 Shanxi Coking Co., Ltd. (SCC) is a publicly traded coke manufacturing conglomerate in China. The company was listed on Shanghai Stock Exchange. In 2015 Shanxi Coking had sold 3.25 million tons of coke, 233.9 thousand tons of methanol, 62.4 t ...

and

Xishan Coal and Electricity Power Shanxi Xishan Coal and Electricity Power Co., Ltd. was established in 1999 and listed on the Shenzhen Stock Exchange in 2000. It has 9 coal mines, 8 coal plants and 13 holding companies. Xishan Coal Electricity Group was the parent company of Xi ...

. 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 The National Development and Reform Commission of the People's Republic of China (NDRC), formerly State Planning Commission and State Development Planning Commission, is a macroeconomic management agency under the State Council, which has br ...

, with some capability were not disclosed, such as Shaqu mine () of Huajin Coking Coal. In 2011 Shanxi Coking Coal Group is the largest Chinese miner for coking coal (

metallurgical coal Metallurgical coal or coking coal is a grade of coal that can be used to produce good-quality coke. Coke is an essential fuel and reactant in the blast furnace process for primary steelmaking. The demand for metallurgical coal is highly coupled ...

). According to the company, the group produced 105.35 million tons of coal and 9.62 million tons of coke, plus 13

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i.e ...

kWh of electricity in 2015. According to the

International Energy Agency The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carb ...

, Shanxi Coking Coal Group was ranked 4th in 2006 in China by sales mass of coal.

History

Shanxi Coking Coal Group was found in 2001 as the holding company of Fenxi Mining Industry Group,

Xishan Coal Electricity Group Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi. The company was the parent company of listed company Xish ...

and Huozhou Coal Electricity Group. The stake of

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. (), based in Fenxi County,

Linfen Linfen is a prefecture-level city in the southwest of Shanxi province, China, bordering Shaanxi province to the west. It is situated along the banks of the Fen River. It has an area of and according to the 2020 Census, a population of 3,976,4 ...

, was founded in 1956 as Fenxi Mining Bureau (). 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 Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...

China Cinda Asset Management China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The ban ...

and

China Huarong Asset Management China Huarong Asset Management Co., Ltd. known as just China Huarong () is a majority state-owned financial asset management company in China, with a focus on distressed debt management. It was one of the four asset management companies that the ...

became minority shareholders by

debt-to-equity swap Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue ...

Huajin Coking Coal

Huajin Coking Coal Co., Ltd. () was incorporated in 2001 as a 50-50 joint venture of Shanxi Coking Coal Group and

China Coal Energy China Coal Energy Co., Ltd. (Chinese: 中国中煤能源股份公司英文站; pinyin: ''zhōngguó zhōng méi néngyuán gǔfèn gōngsī yīngwén zhàn''), is a publicly traded company listed on the Hong Kong Stock Exchange and the Shanghai ...

. In 2011, "Shanxi China Coal Huajin Energy" () was split from the company. Both companies recapitalized, which Huajin Coking Coal was under Shanxi Coking Coal Group for 51% stake, while Huajin Energy was under China Coal Energy for 51% stake. In 2014 the 49% minority stake in "Huajin Energy" was injected to group's wholly owned subsidiary Shanxi Coking Group. In April 2016 it was announced it would sold to listed subsidiary Shanxi Coking in a cash plus new shares deal.

Huozhou Coal Electricity Group

Huozhou Coal Electricity Group Co., Ltd. () was founded in 1958 in

Huozhou Huozhou (), formerly Huo County or Huoxian, is a county-level city in Linfen, in southern Shanxi Province, China. The city spans an area or 765 square kilometers, and has a population of 155,000 as of 2017. Administrative divisions Huozhou has ...

, Linfen as Huo Country Mining Bureau (; 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

and

. They acquired the stake by

Shanxi Coke Group

Shanxi Coke Group Co., Ltd. () was founded in 2002. The company specialized in coke and

methanol Methanol (also called methyl alcohol and wood spirit, amongst other names) is an organic chemical and the simplest aliphatic alcohol, with the formula C H3 O H (a methyl group linked to a hydroxyl group, often abbreviated as MeOH). It is a ...

making. It became part of Shanxi Coking Coal Group in 2013, transferred from Shanxi Coal Transportation and Sales Group.

Shanxi Coking Group

Shanxi Coking Group Co., Ltd. () based in

Hongtong County Hongtong County () is a county in the southwest of Shanxi Province, China. It is under the administration of the prefecture-level city of Linfen. The county spans an area of 1,494 square kilometers, and has a population of approximately 766,579 as ...

, was founded in 1969 as Hongtong Coking Factory. In 1995, a subsidiary,

, was formed to float the coke making factory in the stock exchange. 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:

for ( per share). 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.

Xishan Coal Electricity Group

Xishan Coal Electricity (Group) Co., Ltd. was founded in 1956 as Xishan Mining Bureau (). In 1998 the organization was incorporated as a limited company. In 1999 a subsidiary

was incorporated and floated on

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

in 2000. 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.

Xishan Coal and Electricity Power

Yuncheng Salt Group

Subsidiaries

* Fenxi Mining Industry Group (59.45%) * Huajin Coking Coal (51%) * Huozhou Coal Electricity Group (58.80%) * Shanxi Coking Group (100%) **

(combined 25.72% voting rights with Xishan Coal and Electricity Power) * Shanxi Coke Group (100%) *

(52.34%) *

(54.40%) * Yuncheng Salt Group (82.51%) ** Nafine Chemical Industry Group (25.69%)

References

External links

*
Official website of Fenxi Mining Industry Group

Official website of Huozhou Coal Electricity Group

Official website of Shanxi Coke Group

Official website of Shanxi Coking (Group)

Official website of Yuncheng Salt Group
{{Coal companies of China Coal companies of China Chemical companies of China Companies owned by the provincial government of China Chinese companies established in 2001 Energy companies established in 2001 Non-renewable resource companies established in 2001 Companies based in Taiyuan Holding companies of China