The Kailuan (Group) Co., Ltd. () is a major Chinese
coal mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...
company.
Chinese Engineering and Mining Company
The Chinese Engineering and Mining Company, Limited, was established with foreign capital around 1879 to mine coal for the steamships of the Chinese Merchants' Steam Navigation Company and the Imperial Chinese Navy. English mining engineer Robert ...
was its predecessor.
In 2009, Kailuan Group planned to build a coal reserve base on the northeast coast to store 50 million tonnes of the fossil fuel.
As one of the world's largest coal consumer and producer, it has set up four to six coal reserve bases, each with a storage capacity of more than 20 million tonnes, in eastern
Shandong
Shandong ( , ; ; Chinese postal romanization, alternately romanized as Shantung) is a coastal Provinces of China, province of the China, People's Republic of China and is part of the East China region.
Shandong has played a major role in His ...
province to help cope with future supply shocks. The base planned by Kailuan would be located in the
Caofeidian
Caofeidian () is a land reclamation-converted economic development zone in Bohai Bay located in the eponymous district of Tangshan, Hebei Province, China. area of
Hebei
Hebei or , (; alternately Hopeh) is a northern province of China. Hebei is China's sixth most populous province, with over 75 million people. Shijiazhuang is the capital city. The province is 96% Han Chinese, 3% Manchu, 0.8% Hui, and ...
province and would cost an estimated 2 billion yuan ($294 million).
No timeframe has been provided.
The state-run coal mining group is the parent of
Kailuan Energy Chemical The Kailuan (Group) Co., Ltd. () is a major Chinese coal mining company. Chinese Engineering and Mining Company was its predecessor.
In 2009, Kailuan Group planned to build a coal reserve base on the northeast coast to store 50 million tonnes of th ...
().
In 2012, Kailuan Group announced to take 30% stake in a joint venture steel project
Jingtang United Iron & Steel
Beijing Shougang Co., Ltd. is a listed Chinese steel manufacturer. It also a subsidiary of Shougang Group. The shares of Beijing Shougang float in the Shenzhen Stock Exchange.
Beijing Shougang was a constituent of SZSE 1000 Index (as well as s ...
from
Tanggang
Malin Kundang, also called Si Tanggang and Nakhoda Manis, is a mythical person who originates from a West Sumatran folktale about retribution to an ungrateful son. A sailor from a poor family, the protagonist sneaks onto a trading ship, eventual ...
.
However, the deal collapsed.
See also
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Coal power in China
China is the largest producer and consumer of coal in the world. It is also the largest user of coal-generated electricity, with over a thousand coal-fired power stations. The share of coal in the energy mix declined during the 2010s, falli ...
References
External links
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Coal companies of China
Companies with year of establishment missing
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