• Sun
  • Oct 26, 2014
  • Updated: 3:20pm

China Coal Energy Company

The core businesses of China Coal, are coal production, coal chemicals and coal-bed methane exploration, mine building and coal mining equipment manufacture. It was spun off from the Ministry of Coal Industry in 1999, and held a HK$15.1 billion initial public offering in Hong Kong in 2006. In 2008, it raised 25.7 billion yuan through an IPO in Shanghai.

China Coal mine closed as flooding kills four

China Coal Energy, the listed unit of the mainland's second-largest coal producer China National Coal, has announced its third suspension in two years as a result of deadly flooding, staining its already blemished safety record.

Thursday, 12 April, 2012, 12:00am

Chalco to buy coal miner SouthGobi

Aluminium Corporation of China (Chalco), the world's third-largest producer of the lightweight industrial metal, has offered to buy up to 60 per cent of Mongolian coal-mining firm SouthGobi Resources for HK$7.2 billion, in its first mining investment in Mongolia.

3 Apr 2012 - 12:00am

Mining venture out to unearth HK$1.6b

Kinetic Mines and Energy, controlled by Guangzhou developer Zhang Li, aims to raise up to HK$1.61 billion through an initial public offering to develop a coal mine, cut debt and fund acquisitions.

The company owns an underground mine in Erdos, Inner Mongolia, which has 201.2 million tonnes of coal reserves.

13 Mar 2012 - 12:00am

Ex-coal boss gets 8 years for 2.8m yuan corruption

A former top manager at China National Coal Group has been jailed for eight years by a Beijing court for taking more than 2.8 million yuan (HK$3.4 million) in bribes.

6 Mar 2012 - 12:00am

China Coal expands into power generation

China Coal Energy, the listed unit of the nation's second-largest coal producer, has formed a joint venture with customer China Power International Development (CPID) in Shanxi province, in its first investment in a large coal-fired power project.

3 Nov 2011 - 12:00am

China Coal to start mine buying spree

China Coal Energy, the listed unit of the nation's second-largest coal producer, plans to open new mines and acquire mines from its parent to bolster profits.

18 Aug 2011 - 12:00am

China Coal Energy profit up 15.9pc

China Coal Energy, the listed flagship of the nation's third-largest coal producer China National Coal Group, posted a 15.9 per cent year-on-year rise in first-quarter net profit to 2.3 billion yuan (HK$2.7 billion).

28 Apr 2011 - 12:00am

Miner shares fall after order from Beijing

Coal miner shares fell yesterday after the National Development and Reform Commission issued a circular on Saturday ordering an inspection to ensure miners obey a rule that they must not keep this year's contract coal prices higher than last year's. The NDRC will punish miners that raise prices, lower coal quality, impose surcharges or rig prices.

5 Apr 2011 - 12:00am

Anti-inflationary coal-price freeze could hurt share prices

Beijing has ordered major coal producers to freeze prices to help the nation fight inflation, but an analyst said the surprise move would hurt investment sentiment.

26 Jun 2010 - 12:00am

China National Coal manager under probe

A top manager at China National Coal Group Corp has reportedly been arrested for gambling with company money in Macau.

28 Jan 2010 - 12:00am

China Coal's core profit drops 18pc

China Coal Energy reported yesterday a 17.9 per cent year-on-year decline in first-half core operating profit, after cost reductions failed to offset lower sales volume and selling prices.

15 Aug 2009 - 12:00am

Shenhua allots 100b yuan to develop big coal mines

China Shenhua Energy plans to spend 100 billion yuan (HK$113.58 billion) over the next five years on two large-scale coal-mining projects in Shaanxi and Inner Mongolia.

4 May 2009 - 12:00am

Shenhua price cut boosts power firms

Mainland power firms surged yesterday on speculation the country's largest listed coal producer, China Shenhua Energy, has cut its asking price for this year's contracts, as well as news of lower spot market prices and higher inventory at a key port.

20 Feb 2009 - 12:00am

Price support remarks boost coal miners

Coal stocks rallied yesterday after the mainland's energy chief voiced his support for a higher than expected increase in contract prices with power companies.

7 Feb 2009 - 12:00am

Coal miners given reprieve as tax reform proposal is put on hold

Beijing has put on hold for at least three months a long-expected tax reform for coal mining firms that will result in a higher levy, amid worries of rising inflation, state media reported.

9 Jul 2008 - 12:00am

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