China Coal Energy Company
Encyclopedia
The China Coal Energy Company Limited , (Traditional Chinese:中國中煤能源有限公司, Simplified Chinese: 中国中煤能源有限公司) (short form: China Coal or China Coal Energy) is the second largest coal
mining state-owned enterprise in Mainland China
, just after China Shenhua Energy Company
, and the third largest coal mining enterprise in the world. It owns 12 coal mines (9 in operation, 3 under development), 13 coal processing plants, 5 coking plants, 4 coal mining equipment manufacturing plants, and 2 mine design institutes. The chairman is Mr. Wang An.
On 16 December 2006, China Coal was listed in the Hong Kong Stock Exchange
as H share
.
On 12 March 2007, China Coal joined Hang Seng China Enterprise Index Constitute Stock.
On 7 September 2007, China Coal announced that it would issue A share
in the Shanghai Stock Exchange
. The capital collected from investors will be used to invest and develop coal mines in Inner Mongolia
, Heilongjiang
, Hebei
and Shanxi
.
On 24 January 2008, China Coal announced to issue A share at ¥16.83 Chinese yuan
per share, with its historical P/E 43.71 times. It was listed in the Shanghai Stock Exchange on 1 February 2008.
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
mining state-owned enterprise in Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
, just after China Shenhua Energy Company
China Shenhua Energy Company
China Shenhua Energy Company is the largest coal mining state-owned enterprise in Mainland China, and the largest coal mining enterprise in the world. It is a subsidiary of Shenhua Group...
, and the third largest coal mining enterprise in the world. It owns 12 coal mines (9 in operation, 3 under development), 13 coal processing plants, 5 coking plants, 4 coal mining equipment manufacturing plants, and 2 mine design institutes. The chairman is Mr. Wang An.
On 16 December 2006, China Coal was listed in the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
as H share
H share
H shares In mainland China, the shares are referred to as H股 H shares, whilst in Hong Kong, they are called 恒生中國企業指數, literally Hang Seng China Enterprises Index. refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange...
.
On 12 March 2007, China Coal joined Hang Seng China Enterprise Index Constitute Stock.
On 7 September 2007, China Coal announced that it would issue A share
A share
In finance the term A share has two distinct meanings, both relating to securities.* The first is a designation for a 'class' of common or preferred stock. A shares of common or preferred stock typically have enhanced voting rights or other benefits compared to the other forms of shares that may...
in the Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
. The capital collected from investors will be used to invest and develop coal mines in Inner Mongolia
Inner Mongolia
Inner Mongolia is an autonomous region of the People's Republic of China, located in the northern region of the country. Inner Mongolia shares an international border with the countries of Mongolia and the Russian Federation...
, Heilongjiang
Heilongjiang
For the river known in Mandarin as Heilong Jiang, see Amur River' is a province of the People's Republic of China located in the northeastern part of the country. "Heilongjiang" literally means Black Dragon River, which is the Chinese name for the Amur. The one-character abbreviation is 黑...
, Hebei
Hebei
' is a province of the People's Republic of China in the North China region. Its one-character abbreviation is "" , named after Ji Province, a Han Dynasty province that included what is now southern Hebei...
and Shanxi
Shanxi
' is a province in Northern China. Its one-character abbreviation is "晋" , after the state of Jin that existed here during the Spring and Autumn Period....
.
On 24 January 2008, China Coal announced to issue A share at ¥16.83 Chinese yuan
Chinese yuan
The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...
per share, with its historical P/E 43.71 times. It was listed in the Shanghai Stock Exchange on 1 February 2008.