Xishan Coal Electricity Group

Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi.

Xishan Coal Electricity Group
Typesubsidiary
IndustryCoal
Founded
  • 1956
  • 1998 (as limited company)
HeadquartersWanbailin District,
Taiyuan
,
China
Area served
China
ProductsCoal, coke, electricity and cement[1]:2
Revenue CN¥78.5 billion (2015)
(CN¥148.7 million) (2015)
Total assets CN¥90.5 billion (2015)
Total equity CN¥10.0 billion (2015)
Owner
Number of employees
81,393 (2015)
ParentShanxi Coking Coal Group
Divisions30 divisions
Subsidiaries32 subsidiaries
Footnotes / references
in a consolidated basis; net profit including minority interests.[1]:22[2]
Xishan Coal Electricity (Group) Co., Ltd.
Simplified Chinese西山煤电(集团)有限责任公司
Traditional Chinese西山煤電(集團)有限責任公司

The company was the parent company of listed company Xishan Coal and Electricity Power. However, in 2001 all the stake were transferred to its parent company Shanxi Coking Coal Group.[3]

Claimed by the subsidiary itself, the subsidiary is China's largest and the world's second largest coking coal production enterprise; It involves coal mining and processing, coal mining machine manufacturing, and electricity equipment repair.[4]

In 2015 Xishan Coal Electricity Group produced 47.50 million tons of coal, 5.471 million tons of coke and 12.09 billion kWh of electricity.[1]:58

History

Xishan Coal Electricity (Group) Co., Ltd. was founded in 1956 as Xishan Mining Bureau (Chinese: 西山矿务局). In 1998 the organization was incorporated as a limited company.[5] In 1999 a subsidiary Xishan Coal and Electricity Power was incorporated and floated on Shenzhen Stock Exchange in 2000.[5][6] The listed subsidiary received 3 mines in Gujiao from the group (Chinese: 西曲矿,马兰矿, 镇城底矿) as well as three corresponding coal preparation plants (Chinese: 选煤厂).[5] The capital raised from the IPO was used to acquire 1 additional mine (Chinese: 西铭矿) and two factories from Xishan Coal Electricity Group.[5]

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.[3]

In 2009, one of the mine (Chinese: 屯兰煤矿) of Xishan Coal Electricity Group in Gujiao had a pre-dawn explosion.[7] In the same year, a coking factory (Chinese: 西山煤气化; lit. 'Xishan Coal Gasification') which produce coke and coal gas was sold to the listed company. The factory was the only provider of coal gas in Gujiao.[8]

Some of the mines of Xishan Coal Electricity Group was not injected to the listed company, such as two mines in Gujiao (aforementioned mine with 2009 mine blast and Chinese: 东曲矿).[7] According to Xishan Coal Electricity Group, they were located in 3 different area. (Xishan, River East, West Huo Chinese: 西山,河东, 霍西)[1]:2 but according to the publication of the National Energy Administration of China, the production capability per year for three mines (Chinese: 德顺煤业, 亚辰煤业, 晟聚煤业) were disclosed with a capability of just 1.8 million tons of coal per year in 2015.[9] Moreover, the two mines in Gujiao, which had a combined 9 million tons capability per year, were listed under parent company Shanxi Coking Coal Group instead.[9] However, the list of National Energy Administration was incomplete, which may not reflected the true situation.

Equity investments

Xishan Coal Electricity Group was also the minority shareholder of the Coca-Cola bottler in Shanxi (as in 2015).[10] (Coca-Cola (Shanxi))

Shareholders

The other shareholders of Xishan Coal Electricity Group were China Construction Bank, China Cinda Asset Management and China Orient Asset Management. They acquired the stake by debt-to-equity swap.[11]

References
  1. "西山煤电(集团)有限公司2015年度财务等重大信息公开内容" (PDF) (in Chinese). Xishan Coal Electricity Group. 30 June 2016. Retrieved 3 November 2016.
  2. "2015 Annual Report". Shanxi Coking Coal Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 November 2016.
  3. "西山煤电：公司控股股东变更的提示性公告". Xishan Coal and Electricity Power. Shenzhen Stock Exchange. 15 October 2001. Retrieved 3 November 2016.
  4. "西山煤电集团公司简介" [About Xishan Coal Electricity Group] (in Chinese). Shanxi Coking Coal Group. Retrieved 1 November 2016.
  5. "Prospectus". Xishan Coal and Electricity Power (in Chinese). Republished by 163.com. 21 July 2000. Retrieved 3 November 2016.
  6. "走近西山" [About us] (in Chinese). Xishan Coal Electricity Group. October 2016. Retrieved 1 November 2016.
  7. "公告" [Press Release] (PDF). Xishan Coal and Electricity Power (in Chinese). Shenzhen Stock Exchange. 24 February 2009. Retrieved 4 November 2016.
  8. "企业简介" [About us] (in Chinese). Xishan Coal Gasification. Retrieved 8 November 2016.
  9. "山西省煤矿生产能力情况(截至2015年底)" [Production capability of coal mines in Shanxi Province (as at 31 December 2015)] (PDF) (in Chinese). National Energy Administration. 28 April 2016. Retrieved 2 November 2016.
  10. Shanxi government database (in Chinese) Accessed on 3 November 2016
  11. Shanxi Government Database (in Chinese) accessed on 2 November 2016
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