China National Coal Group Co., Ltd., known as China Coal Group, is a Chinese coal mining conglomerate that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. It was the second largest state-owned coal mining enterprise in the mainland China, and the third largest in the world, just after Shenhua Group in 2008, according to a website quoting Xinhua News Agency.[5] It is engaged in coal production and sales, coal chemicals, coal mining equipment manufacturing, coal mine design and related engineering services.
China National Coal Group
logo and Chinese name
Formerly
China National Coal Industry Import and Export Corp.[1]
In 2009 the corporation was re-incorporated as a limited company.[2] The group also acquired Shanxi Huayu Energy in the same year. China United Coalbed Methane, a joint venture of China Coal Group and PetroChina, became a wholly owned subsidiary of China Coal Group also in 2009. At the same time PetroChina acquired some assets from China United Coalbed Methane.[6][7] China Coal Group later sold China United Coalbed Methane to China National Offshore Oil Corporation in tranches from 2010 to 2014.
China Coal Group's subsidiary, China Coal Energy, has been listed on the Hong Kong Stock Exchange since 2006 and the Shanghai Stock Exchange since 2008.[2] China Coal Group retained the stake in "China Coal Heilongjiang Coal Chemical Engineering Group" (Heilongjiang Coal Chemical Group, Chinese: 中煤黑龙江煤炭化工(集团)有限公司) and an equity investment in Taiyuan Coal Gasification Group (Chinese: 太原煤炭气化(集团)有限责任公司, 47.67%), as they still provide coal gas to the citizen on non-for-profit basis.[8] China Coal Group later acquired 3.9% stake of Taiyuan Coal Gasification Group from fellow central government owned China Cinda Asset Management, but in 2013 transferred 16.18% stake to SASAC of Shanxi Province without compensation. As at 31 December 2015, China Coal Group owned Taiyuan Coal Gasification Group 35.39% stake as the second largest shareholder.[9]
In 2014, China Coal Group promised to inject "Heilongjiang Coal Chemical Group" and "Shanxi Huayu Energy" to the listed company in order to avoid competition.[10] However, as at 2016 they were remained in the unlisted portion of the group, but the promise would remain valid until 2021. Nevertheless, Heilongjiang Coal Chemical Company, another company, was already under China Coal Energy.
In 2016, Shanxi Huayu Energy delayed a week to pay off principal and interest in full for a bond.[11]
According to a report by The Guardian, China Coal is by far the largest polluter in the world, single-handedly accounting for 14.32% of the world's greenhouse gas emissions.[12]
^ abc"企业历史沿革" [enterprise history] (in Chinese). China National Coal Group. Retrieved 29 October 2016.
^"公司领导" [Management team] (in Chinese). China National Coal Group. Retrieved 29 October 2016.
^"公司介绍" [About us] (in Chinese). Heilongjiang Coal Industry. Retrieved 29 October 2016.
^. paguntaka.org. Archived from the original on 1 August 2008. Retrieved 29 October 2016. [unreliable source?]
^"2008 Interim Report" (PDF). China Coal Energy. Hong Kong Stock Exchange. 13 August 2008. Retrieved 29 October 2016.
^ [About us] (in Chinese). China United Coalbed Methane. Archived from the original on 27 April 2010. Retrieved 29 October 2016.
^"Pospectus" (PDF). China Coal Energy (in Chinese). Shanghai Stock Exchange. 21 January 2008. p. 117. Retrieved 31 October 2016.
^"2015 Annual Report and 2016 First-quarterly Report". Taiyuan Coal Gasification Group (in Chinese). Chinabond.com.cn. 31 May 2016. Retrieved 31 October 2016.
^"2015 Annual Report" (PDF). China Coal Energy. Hong Kong Stock Exchange. 29 April 2016. Retrieved 29 October 2016.
^"Chinese state-owned coal firm to make good on bond payment". Reuters. 12 April 2016. Retrieved 29 October 2016.
^Riley, Tess. "Just 100 companies responsible for 71% of global emissions, study says". The Guardian. Retrieved 3 November 2021.
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china, national, coal, group, known, china, coal, group, chinese, coal, mining, conglomerate, that, supervised, state, owned, assets, supervision, administration, commission, sasac, state, council, second, largest, state, owned, coal, mining, enterprise, mainl. China National Coal Group Co Ltd known as China Coal Group is a Chinese coal mining conglomerate that was supervised by the State owned Assets Supervision and Administration Commission SASAC of the State Council It was the second largest state owned coal mining enterprise in the mainland China and the third largest in the world just after Shenhua Group in 2008 according to a website quoting Xinhua News Agency 5 It is engaged in coal production and sales coal chemicals coal mining equipment manufacturing coal mine design and related engineering services China National Coal Grouplogo and Chinese nameFormerlyChina National Coal Industry Import and Export Corp 1 China National Coal Group Corp Company typeState owned enterpriseIndustryCoal miningFounded1982 2 HeadquartersBeijing ChinaArea servedChinaKey peopleLi Yanjiang Chairman amp Party Committee Secretary 3 ProductsCoalServicesCoal productionRevenue150 018 650 000 renminbi 2018 OwnerChinese central government 100 ParentSASAC of the State CouncilSubsidiariesChina Coal Energy 58 36 Shanxi Huayu Energy 60 Heilongjiang Coal Chemical Group 100 4 Websitechinacoal com China National Coal Group Co Ltd Simplified Chinese中国中煤能源集团有限公司Traditional Chinese中國中煤能源集團有限公司Literal meaningChina Coal Energy Group Limited CompanyTranscriptionsStandard MandarinHanyu PinyinZhōngguo Zhōng Mei Nengyuan Jituan Yǒuxian GōngsiChina Coal GroupSimplified Chinese中煤集团Traditional Chinese中煤集團TranscriptionsStandard MandarinHanyu PinyinZhōng Mei JituanChina CoalSimplified Chinese中煤Traditional Chinese中煤TranscriptionsStandard MandarinHanyu PinyinZhōng Mei In 2009 the corporation was re incorporated as a limited company 2 The group also acquired Shanxi Huayu Energy in the same year China United Coalbed Methane a joint venture of China Coal Group and PetroChina became a wholly owned subsidiary of China Coal Group also in 2009 At the same time PetroChina acquired some assets from China United Coalbed Methane 6 7 China Coal Group later sold China United Coalbed Methane to China National Offshore Oil Corporation in tranches from 2010 to 2014 China Coal Group s subsidiary China Coal Energy has been listed on the Hong Kong Stock Exchange since 2006 and the Shanghai Stock Exchange since 2008 2 China Coal Group retained the stake in China Coal Heilongjiang Coal Chemical Engineering Group Heilongjiang Coal Chemical Group Chinese 中煤黑龙江煤炭化工 集团 有限公司 and an equity investment in Taiyuan Coal Gasification Group Chinese 太原煤炭气化 集团 有限责任公司 47 67 as they still provide coal gas to the citizen on non for profit basis 8 China Coal Group later acquired 3 9 stake of Taiyuan Coal Gasification Group from fellow central government owned China Cinda Asset Management but in 2013 transferred 16 18 stake to SASAC of Shanxi Province without compensation As at 31 December 2015 China Coal Group owned Taiyuan Coal Gasification Group 35 39 stake as the second largest shareholder 9 In 2014 China Coal Group promised to inject Heilongjiang Coal Chemical Group and Shanxi Huayu Energy to the listed company in order to avoid competition 10 However as at 2016 they were remained in the unlisted portion of the group but the promise would remain valid until 2021 Nevertheless Heilongjiang Coal Chemical Company another company was already under China Coal Energy In 2016 Shanxi Huayu Energy delayed a week to pay off principal and interest in full for a bond 11 According to a report by The Guardian China Coal is by far the largest polluter in the world single handedly accounting for 14 32 of the world s greenhouse gas emissions 12 See also edit nbsp China portal nbsp Energy portal nbsp Companies portal Coal power in ChinaReferences edit CHINA NATIONAL COAL INDUSTRY I E GROUP CORP unreliable source a b c 企业历史沿革 enterprise history in Chinese China National Coal Group Retrieved 29 October 2016 公司领导 Management team in Chinese China National Coal Group Retrieved 29 October 2016 公司介绍 About us in Chinese Heilongjiang Coal Industry Retrieved 29 October 2016 China National Coal Group Corp Coal Mining Exploration up 28 percent paguntaka org Archived from the original on 1 August 2008 Retrieved 29 October 2016 unreliable source 2008 Interim Report PDF China Coal Energy Hong Kong Stock Exchange 13 August 2008 Retrieved 29 October 2016 公司介绍 About us in Chinese China United Coalbed Methane Archived from the original on 27 April 2010 Retrieved 29 October 2016 Pospectus PDF China Coal Energy in Chinese Shanghai Stock Exchange 21 January 2008 p 117 Retrieved 31 October 2016 2015 Annual Report and 2016 First quarterly Report Taiyuan Coal Gasification Group in Chinese Chinabond com cn 31 May 2016 Retrieved 31 October 2016 2015 Annual Report PDF China Coal Energy Hong Kong Stock Exchange 29 April 2016 Retrieved 29 October 2016 Chinese state owned coal firm to make good on bond payment Reuters 12 April 2016 Retrieved 29 October 2016 Riley Tess Just 100 companies responsible for 71 of global emissions study says The Guardian Retrieved 3 November 2021 External links editOfficial website nbsp nbsp This article about a coal related corporation or company is a stub You can help Wikipedia by expanding it vte nbsp This Chinese corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title China National Coal Group amp oldid 1143826537, wikipedia, wiki, book, books, library,
