China Shenhua Energy Company
Encyclopedia
China Shenhua Energy Company (Traditional Chinese:中國神華能源公司, Simplified Chinese: 中国神华能源公司) (in short form China Shenhua or Shenhua) 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
. It is engaged in the production
and sale
of coal and the generation and sale of electric power in the PRC. It operates coal mines as well as an integrated railway network and a seaport that are primarily used to transport its coal. It also operates power plants in the PRC which are engaged in the generation and sales of coal-based power to provincial
and regional
electric companies.
On August 15, 2005, China Shenhua Energy joined Hang Seng China Enterprises Index Constitute Stock.
On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion A share
to provide rooms for its parent company
, China Shenhua Group, to inject the capital
into it for its long-term development.
On October 9, 2007, China Shenhua Energy listed A share in the Shanghai Stock Exchange
. The closed price at the first trading day was RMB
$69.3, 87% higher than its IPO price, RMB$36.99.
On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007.
In September 2009, Shenhua announced that over four years they will invest $39.5 billion in coal to increase their production.
In September 2010, the company agreed a contract with Mitsui & Co. in an extensive ranging cooperation in the coal industry from shipping and overseas mine development to effectiveness of coal usage and chemical manufacturing.
In December 2010, Shenhua invested $2 billion in the construction of a railway; 35 percent using its own capital and the remainder from bank lending.
In July 2011, Shenhua acquired a 40 percent stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36 percent and Peabody Energy Corp of America owning the remaining 24 percent.
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...
, and the largest coal mining enterprise in the world. It is a subsidiary of Shenhua Group
Shenhua Group
Shenhua Group is a state-owned mining and energy company in China. It is the largest coal-producing company in the world. It was founded in October 1995 under the auspices of the State Council of the People's Republic of China.-Activities:...
. It is engaged in the production
Production, costs, and pricing
The following outline is provided as an overview of and topical guide to industrial organization:Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions...
and sale
Sale
Sale may refer to:* Sales * Sale, discounts and allowances in the prices of goods, such as:**Fire sale, a drastic discount in prices**Loan sale, a sale under contract of all or part of the cash stream from a specific loan...
of coal and the generation and sale of electric power in the PRC. It operates coal mines as well as an integrated railway network and a seaport that are primarily used to transport its coal. It also operates power plants in the PRC which are engaged in the generation and sales of coal-based power to provincial
Province
A province is a territorial unit, almost always an administrative division, within a country or state.-Etymology:The English word "province" is attested since about 1330 and derives from the 13th-century Old French "province," which itself comes from the Latin word "provincia," which referred to...
and regional
Régional
Régional Compagnie Aérienne Européenne, or Régional for short, is a subsidiary airline wholly owned by Air France which connects hubs at Paris, Lyon, Clermont-Ferrand, and Bordeaux to 49 airports in Europe. The airline operates in Air France livery, retaining its name in small titles and logo on...
electric companies.
On August 15, 2005, China Shenhua Energy joined Hang Seng China Enterprises Index Constitute Stock.
On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion 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...
to provide rooms for its parent company
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
, China Shenhua Group, to inject the capital
Financial capital
Financial capital can refer to money used by entrepreneurs and businesses to buy what they need to make their products or provide their services or to that sector of the economy based on its operation, i.e. retail, corporate, investment banking, etc....
into it for its long-term development.
On October 9, 2007, China Shenhua Energy listed A share 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 closed price at the first trading day was RMB
Renminbi
The Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...
$69.3, 87% higher than its IPO price, RMB$36.99.
On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007.
In September 2009, Shenhua announced that over four years they will invest $39.5 billion in coal to increase their production.
In September 2010, the company agreed a contract with Mitsui & Co. in an extensive ranging cooperation in the coal industry from shipping and overseas mine development to effectiveness of coal usage and chemical manufacturing.
In December 2010, Shenhua invested $2 billion in the construction of a railway; 35 percent using its own capital and the remainder from bank lending.
In July 2011, Shenhua acquired a 40 percent stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36 percent and Peabody Energy Corp of America owning the remaining 24 percent.