Coal Power in China

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.

Friday, 8 May, 2015, 9:51am

Shenhua hunts for cheap assets in power sector

China Shenhua Energy is in talks to buy more power plants. The coal producer hopes to pick up cheap assets in the power sector, which is suffering widespread losses because of state caps on tariffs to curb inflation.

30 Aug 2011 - 12:00am

Shaanxi Coal I.P.O. seeks 17b yuan

Shaanxi Coal Industry has applied to raise 17.3 billion yuan (HK$21.1 billion) in an initial public offering in Shanghai that could become one of the mainland's largest listings in a year.

The coal miner plans to sell up to two billion shares in the offering that will fund expansion and upgrading.

27 Aug 2011 - 12:00am

Generators plead for further tariff rises

The coal-fired power plants of the mainland's five state-owned electricity generators together posted a loss of 1.69 billion yuan (HK$2.03 billion) for May as the benefits of a rise in the tariffs charged to distributors in April were eaten up by higher coal costs, adding to pressure for Beijing to lift power prices again later this year.

22 Jun 2011 - 12:00am

Modernisation drive leaves trail of ghost mines

Coal miners in Shanxi province, the nation's second-largest coal producing region, are investing billions of yuan to upgrade production facilities and management, in an industry consolidation ordered by the government to improve safety and efficiency.

13 Dec 2010 - 12:00am

Dirty and dangerous coal mines becoming less deadly

China's coal industry is notorious for killing many of its miners but its record is not the world's worst.

Turkey has that dubious distinction: more than seven people died for every one million tonnes of coal produced last year. That compares with China's official figure of just under one death per million tonnes and the United States' 0.02 death.

6 Sep 2010 - 12:00am

CR Power aims to meet 40pc of its coal demand

China Resources Power Holdings aims to increase its self-sufficiency in coal to more than 40 per cent by 2012 after reporting a better than expected 125.5 per cent jump in first-half profit.

25 Aug 2009 - 12:00am

Beijing's edicts lost in scramble for coal

Central government safety crackdown is no match for Shanxi's corrupt mines

Even by the abysmal standards of China's notoriously unsafe coal industry, the city of Linfen in Shanxi province has had more than its share of tragedy.

13 Dec 2007 - 12:00am

Team to probe mine blast which killed 105

'Heartbroken and shameful' Shanxi officials say 35 already detained over tragedy

A State Council investigation team was established yesterday to look into a coal mine explosion in Shanxi province that claimed 105 lives - the second-deadliest mining disaster so far this year.

10 Dec 2007 - 12:00am

Coal remains king in the HK market

In China's energy market, coal is king. On Hong Kong's stock exchange, Chinese coal stocks reign supreme.

8 May 2015 - 9:51am

Datong Coal eyes H shares for expansion

Datong Coal Industry, the mainland's second-largest coal producer by output, plans to list in Hong Kong in the next 12 months to raise funds for further mine acquisitions.

23 May 2007 - 12:00am

Tax cuts trim coal trade

China, the world's largest coal consumer, was a net importer in the first quarter of this year as domestic supply tightened and a tax change helped to shrink sales overseas.

18 May 2007 - 12:00am

China Coal earnings soar 85.9pc

China National Coal Group, the nation's second-largest coal supplier, said profit surged 85.9 per cent year on year in the first quarter to a record 1.44 billion yuan due to higher output.

The profit amounted to 26.9 per cent of the company's target of 5.34 billion yuan for this year. It did not specify whether the profit figures are before or after taxes.

1 May 2007 - 12:00am

Coal buyers and sellers to negotiate prices freely

The central government has for the first time done away with an annual meeting for coal producers and buyers to settle next year's fuel contracts, signalling an intention to further liberalise the pricing of a key energy commodity that affects the well-being of all sectors in the economy.

27 Dec 2006 - 12:00am

More rigorous action needed on mine safety

Mainland officials have made repeated pledges to improve the safety of the nation's coal mines, with little effect: the death toll from accidents remains staggeringly high.

23 May 2006 - 12:00am