Shanxi Coking Coal Group
| Company type | State-owned enterprise |
|---|---|
| Industry | Coal mining and holding |
| Predecessor | Fenxi Mining Industry Group, Xishan Coal Electricity Group, Huozhou Coal Electricity Group |
| Founded | 2001 |
| Headquarters | Taiyuan , China |
Area served | China |
| Products | Coal, coke, methanol, electricity |
| Owner | State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Province |
Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned enterprise specializing in coal mining and holding operations, recognized as one of the seven major coal groups in China with an annual production capacity surpassing 100 million metric tons as of 2011. It was positioned at number 337 on the 2016 Fortune Global 500 list.
Under the ownership of the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Province, Shanxi SASAC merged multiple provincial government-owned enterprises to establish this group, aiming to unify coal and coke production activities.
The corporation oversees three listed subsidiaries: Nafine Chemical Industry Group, Shanxi Coking Company, and Xishan Coal and Electricity Power.
By December 31, 2015, Shanxi Coking Coal Group's mining output capacity reached 86.9 million metric tons annually, with certain capacities undisclosed, including production from the Shaqu mine operated by Huajin Coking Coal.
In 2011, it held the position as China's leading producer of coking coal (metallurgical coal). In 2015, the group’s output included 105.35 million tons of coal, 9.62 million tons of coke, alongside generating 13 billion kWh of electricity. The International Energy Agency ranked it fourth nationally in coal sales volume in 2006.
History
The formation of Shanxi Coking Coal Group occurred in 2001, consolidating Fenxi Mining Industry Group, Xishan Coal Electricity Group, and Huozhou Coal Electricity Group into a single holding company. That same year, it acquired shares in Xishan Coal and Electricity Power from Xishan Coal Electricity Group and established the joint venture Huajin Coking Coal. In 2004, the group assumed control of Shanxi Coking Group, later expanding by acquiring Yuncheng Salt Group in 2012 and Shanxi Coke Group in 2013.
Fenxi Mining Industry Group
Fenxi Mining Industry (Group) Co., Ltd. (), headquartered in Fenxi County, Linfen, originated as Fenxi Mining Bureau () in 1956 and was incorporated as a limited liability company in 2000. It became part of Shanxi Coking Coal Group in 2001. In 2005, minority stakes were obtained by China Construction Bank, China Cinda Asset Management, and China Huarong Asset Management through a debt-to-equity conversion.
Huajin Coking Coal
Established in 2001, Huajin Coking Coal Co., Ltd. () is a joint venture equally owned by Shanxi Coking Coal Group and China Coal Energy. In 2011, "Shanxi China Coal Huajin Energy" () separated from this entity; both companies underwent recapitalization whereby Huajin Coking Coal remained majority-owned (51%) by Shanxi Coking Coal Group, while Huajin Energy became majority-owned (51%) by China Coal Energy.
In 2014, Shanxi Coking Group, a fully owned subsidiary of the group, purchased the remaining 49% minority interest in Huajin Energy. Subsequently, in April 2016, this stake was transferred to Shanxi Coking through a transaction involving cash plus shares.
Huozhou Coal Electricity Group
Founded as Huo Country Mining Bureau () in 1958 in Huozhou, Linfen, Huozhou Coal Electricity Group Co., Ltd. () was incorporated as a limited company in 2000 and integrated into Shanxi Coking Coal Group in 2001. By December 2015, minority shareholdings were held by China Construction Bank and China Cinda Asset Management, acquired via debt-to-equity swaps.
Shanxi Coke Group
Shanxi Coke Group Co., Ltd. (), established in 2002, is engaged primarily in the production of coke and methanol. In 2013, it was integrated into Shanxi Coking Coal Group, having previously been under the ownership of Shanxi Coal Transportation and Sales Group.
Shanxi Coking Group
Shanxi Coking Group Co., Ltd. (), headquartered in Hongtong County, Linfen, traces its origins back to 1969 when it was known as Hongtong Coking Factory. The company’s coke production operations were partially listed in 1995 through its subsidiary, Shanxi Coking Company, while other assets remained outside the stock market. By 2004, Shanxi Coking Group had become a wholly owned entity of Shanxi Coking Coal Group. The following year, it divested a 24.19% share of the listed entity to another subsidiary within Shanxi Coking Coal Group, Xishan Coal and Electricity Power, at a price of ( per share).
In 2014, Shanxi Coking Group acquired a 49% interest in Huajin Energy from its parent company; plans were announced in April 2016 to transfer this stake to Shanxi Coking in exchange for cash and newly issued shares.
Xishan Coal Electricity Group
Originally founded in 1956 as Xishan Mining Bureau (), Xishan Coal Electricity (Group) Co., Ltd. was formally incorporated as a limited liability company in 1998. Its subsidiary, Xishan Coal and Electricity Power, was created in 1999 and subsequently listed on the Shenzhen Stock Exchange in 2000. In 2001, Xishan Coal Electricity Group became part of Shanxi Coking Coal Group, with its holdings in the publicly traded company being transferred to the parent organization during that year.
Subsidiaries
- Fenxi Mining Industry Group (59.45%)
- Huajin Coking Coal (51%)
- Huozhou Coal Electricity Group (58.80%)
- Shanxi Coking Group (100%)
- Shanxi Coking Company (holds combined voting rights of 25.72% together with Xishan Coal and Electricity Power)
- Shanxi Coke Group (100%)
- Xishan Coal Electricity Group (52.34%)
- Xishan Coal and Electricity Power (54.40%)
- Yuncheng Salt Group (82.51%)
- Nafine Chemical Industry Group (25.69%)