Shanxi Coking Coal Group

Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned 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.[2] Shanxi Coking Coal Group was ranked 337th in 2016 Fortune Global 500.[3]

The company was owned by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government, 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 and Xishan Coal and Electricity Power.

As of 31 December 2015, Shanxi Coking Coal Group had a mining capability of 86.9 million metric tons per year, according to National Energy Administration,[4]

History

Shanxi Coking Coal Group was found in 2001 as the holding company of Fenxi Mining Industry Group, Xishan Coal Electricity Group and Huozhou Coal Electricity Group. The stake of Xishan Coal and Electricity Power 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, 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 Cinda Asset Management and China Huarong Asset Management became minority shareholders[9] by debt-to-equity swap.[10]

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. 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.[11]

Huozhou Coal Electricity Group

Huozhou Coal Electricity Group Co., Ltd. was founded in 1958[12] in Huozhou, 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 of 31 December 2015, the other shareholders were China Construction Bank and China Cinda Asset Management. They acquired the stake by debt-to-equity swap.[13]

Shanxi Coke Group

Shanxi Coke Group Co., Ltd. was founded in 2002. The company specialized in coke and methanol making.[14] It became part of Shanxi Coking Coal Group in 2013, transferred from Shanxi Coal Transportation and Sales Group.[15]

Shanxi Coking Group

Shanxi Coking Group Co., Ltd. based in Hongtong County, Linfen, was founded in 1969 as Hongtong Coking Factory.[16][17] In 1995, a subsidiary, Shanxi Coking Company, was formed to float the coke making factory in the stock exchange.[16] 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: Xishan Coal and Electricity Power for CN¥260 million (CN¥4.87 per share).[11][18]

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.[19] In 1999 a subsidiary Xishan Coal and Electricity Power was incorporated and floated on Shenzhen Stock Exchange in 2000.[19][20] 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.[21]

native name	山西焦煤集团有限责任公司
native name lang	zh
type	state-owned enterprise
founded	2001
hq location city	Taiyuan
hq location country	China
products	Coal, coke and other chemicals
revenue	CN¥195.1 billion
revenue year	2015
income year	2015
net income	CN¥477.6 million
net income year	2015
assets	CN¥261.0 billion
assets year	2015
equity	CN¥25.9 billion
equity year	2015
owner	Shanxi Government (100%)
parent	SASAC of Shanxi Government
subsid	see list
website	sxcc.com.cn
footnotes	in a consolidated basis‡R1R‡

Shanxi Coking Coal Group

History

Fenxi Mining Industry Group

Huajin Coking Coal

Huozhou Coal Electricity Group

Shanxi Coke Group

Shanxi Coking Group

Xishan Coal Electricity Group

Xishan Coal and Electricity Power

Yuncheng Salt Group

Subsidiaries

See also

External links

References