Yanzhou Coal Mining Company
Encyclopedia
Yanzhou Coal Mining Company ' onMouseout='HidePop("2258")' href="/topics/Yankuang_Group">Yankuang Group
, is a coal
mining company in Mainland China
. It is engaged in underground mining coal preparation and sales
, and railway transportation service of coal. Its products are mainly low-sulphur coal which is suitable for large-scale power plant and for use in pulverized coal injection.
is located in Yanzhou
, Jining
, Shandong
. Its chairman is Mr. Wang Xin. The Company’s parent and ultimate holding company is Yankuang Group Corporation Limited (the Parent Company).
, Shanghai
and New York
and is the only coal mining stock to be listed on all three exchanges.
, coal railway transportation
and methanol
and electrical power.
The Coal mining segment is engaged in the underground mining, preparation and sales of coal. The Coal railway transportation segment is engaged in the provision of railway transportation services. The Methanol and electricity power segment is engaged in the production and sales of methanol and electrical power.
The Company operates six coal mines: Xinglongzhuang coal mine, Baodian coal mine, Nantun coal mine, Dongtan
coal mine, Jining
II coal mine (Jining II) and Jining III coal mine (Jining III), as well as a regional rail network that links these mines with the national rail network.
Yankuang Group
Yankuang Group Company Limited, restructured from Yanzhou Mining Bureau, was established in 1976. It is the fourth largest coal mining state-owned enterprise in People's Republic of China. In 1999, Yanzhou Mining Bureau was renamed to Yankuang Group Company Limited...
, is a coal
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 company 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...
. It is engaged in underground mining coal preparation and sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
, and railway transportation service of coal. Its products are mainly low-sulphur coal which is suitable for large-scale power plant and for use in pulverized coal injection.
Corporate governance
Its headquartersHeadquarters
Headquarters denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility managing all business activities...
is located in Yanzhou
Yanzhou
Yanzhou is a county-level city of Jining, in the southwest of Shandong province, People's Republic of China.-Administration:The County-level city of Yanzhou administers 10 township-level divisions.-Transportation:*Beijing-Shanghai Railway...
, Jining
Jining, Shandong
Jining is a prefecture-level city in southwestern Shandong province, People's Republic of China. It borders Heze to the southwest, Zaozhuang to the southeast, Tai'an to the northeast, and the provinces of Henan and Jiangsu to the northwest and south respectively...
, Shandong
Shandong
' is a Province located on the eastern coast of the People's Republic of China. Shandong has played a major role in Chinese history from the beginning of Chinese civilization along the lower reaches of the Yellow River and served as a pivotal cultural and religious site for Taoism, Chinese...
. Its chairman is Mr. Wang Xin. The Company’s parent and ultimate holding company is Yankuang Group Corporation Limited (the Parent Company).
Listings
Its stock is listed in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
and New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
and is the only coal mining stock to be listed on all three exchanges.
Businesses
Yanzhou Coal is principally engaged in underground coal mining, preparation and processing, sales, and railway transportation of coal. The Company is organized into three operating divisions: coal miningCoal mining
The goal of coal mining is to obtain coal from the ground. Coal is valued for its energy content, and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United States,...
, coal railway transportation
Railway Transportation
Railway Transportation was an Australian magazine published by Shennan Publications between 1951 and 1972. It came out monthly....
and methanol
Methanol
Methanol, also known as methyl alcohol, wood alcohol, wood naphtha or wood spirits, is a chemical with the formula CH3OH . It is the simplest alcohol, and is a light, volatile, colorless, flammable liquid with a distinctive odor very similar to, but slightly sweeter than, ethanol...
and electrical power.
The Coal mining segment is engaged in the underground mining, preparation and sales of coal. The Coal railway transportation segment is engaged in the provision of railway transportation services. The Methanol and electricity power segment is engaged in the production and sales of methanol and electrical power.
The Company operates six coal mines: Xinglongzhuang coal mine, Baodian coal mine, Nantun coal mine, Dongtan
Dongtan
Dongtan is a plan for a new eco-city on the island of Chongming in Shanghai, China. The name of the city literally translates as "East Beach".-Population:...
coal mine, Jining
Jining, Shandong
Jining is a prefecture-level city in southwestern Shandong province, People's Republic of China. It borders Heze to the southwest, Zaozhuang to the southeast, Tai'an to the northeast, and the provinces of Henan and Jiangsu to the northwest and south respectively...
II coal mine (Jining II) and Jining III coal mine (Jining III), as well as a regional rail network that links these mines with the national rail network.
Subsidiaries
Yanzhou Coal’s subsidiaries include Austar Coal Mine Pty, Limited, Heze, Yancoal Australia Pty, Limited, Shandong Yanmei Shipping Co., Ltd., Yanzhou Coal Yulin Power Chemical Co., Ltd., Zhongyan Trade Co., Ltd, Shanxi Neng Hua, Shanxi Tianchi and Shanxi Tianhao. During the year ended December 31, 2008, the Company sold 37.56 million tons of salable coal. The customers of Yanzhou Coal are mainly located in Eastern China, Southern China and the East Asia such as Japan and South Korea.External links
- Yanzhou Coal Mining Company
- Yanzhou Coal (YZC) (WikinvestWikinvestWikinvest is an investment portal that uses the wiki format. It was founded in 2006 by Michael Sha, former Amazon.com employee and has been open to the public since June 2007. The website was a winner in the 2008 SXSW Interactive Web Awards....
)