China National Coal Group
| Company type | State-owned enterprise |
|---|---|
| Industry | Coal mining, coal chemical production, mining machinery manufacturing, engineering services |
| Founded | 1982 |
| Headquarters | China |
Area served | China, worldwide |
| Products | Coal extraction and marketing, coal chemical products, mining machinery |
| Owner | State-owned Assets Supervision and Administration Commission (SASAC) |
| Parent | SASAC |
China National Coal Group Co., Ltd., commonly referred to as China Coal Group, is a major Chinese coal mining corporation overseen by the SASAC. In 2008, it ranked as the second largest state-owned coal mining company within mainland China and held the position of the third largest worldwide, trailing only behind Shenhua Group. Its core business areas include coal extraction and marketing, coal chemical production, manufacturing of mining machinery, mine planning, and associated engineering services.
Following its reorganization into a limited company in 2009, China Coal Group acquired Shanxi Huayu Energy that same year. Additionally, its joint venture with PetroChina, known as China United Coalbed Methane, became a fully owned subsidiary in 2009 before being gradually divested to China National Offshore Oil Corporation between 2010 and 2014.
The group's subsidiary, China Coal Energy, has been publicly traded on the Hong Kong Stock Exchange since 2006 and on the Shanghai Stock Exchange starting in 2008. China Coal Group maintains substantial equity interests in "Heilongjiang Coal Chemical Group" and Taiyuan Coal Gasification Group (holding 35.39% as of 2015), both entities supplying coal gas without profit motives. In 2013, it transferred a portion of its Taiyuan Coal Gasification shares to Shanxi Province's SASAC without receiving payment.
In an effort to minimize internal competition, China Coal Group committed in 2014 to injecting Heilongjiang Coal Chemical Group and Shanxi Huayu Energy into its listed subsidiary; however, as of 2016 these companies remained unlisted, with this pledge extending through 2021. Notably, Heilongjiang Coal Chemical Company is already incorporated within China Coal Energy.
In 2016, Shanxi Huayu Energy experienced a one-week delay in bond repayments but subsequently met its financial obligations.
According to a study referenced by The Guardian, China Coal is identified as the largest emitter globally, responsible for approximately 14.32% of worldwide greenhouse gas emissions.