China National Coal

China National Coal, formerly China National Coal Industry Import and Export Corporation, is a coal mining enterprise formed in 1982 controlled by State Council of the People's Republic of China. It is the second largest state-owned coal mining enterprise in Mainland China, and the third largest in the world, just after Shenhua Group. It is engaged in coal production and sales, coal chemicals, coal mining equipment manufacturing, coal mine design and related engineering services.

Its subsidiary company, China Coal Energy, is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.

Coal Plants
As of 2011, China National Coal has power generation capacity in operation or under construction amounting to 1,935 MW.

Coal Mines
As of 2011, China National Coal has 21 wholly-owned or holding coal mines, locating in 8 mining areas in Shanxi, Jiangsu, Heilongjiang and Shaanxi provinces. In 2008, the Group’s coal production volume reached 114.11 MTs, ranking second highest output in the Chinese coal industry.

Mining Disasters
In Sep. 2011, China Coal Energy dropped 17% in Hong Kong trading after its parent - China National Coal Group Corp. - was ordered to cease operations in Shanxi province following a fatal mine accident in Shanxi province in northern China. Flooding at a pit killed 10 people, leading Shanxi’s Vice Governor Li to say the disaster exposed “serious problems” in safety, and authorities to say they will do an investigation. The mine produces 900,000 tons of coal a year

Shanxi produced 740 million tons of coal in 2010. In March 2010, China blamed lapses in safety measures at Wangjialing mine, also in Shanxi, for a flood that trapped more than 100 workers. Thirty-two of them died.

Contact details
China National Coal 1st Street huangsi, Chaoyang District Beijing China 100120 Tel :010-82256688 Fax :010-82236008 URL: http://www.chinacoal.com E-mail: zgzm@chinacoal.com

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External resources

 * http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2126617