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.
US researchers find a new anti-pollution law in China has led to a drop of nearly 14 per cent in sulphur dioxide emissions at 256 coal-fired power plants.
The accepted environmental wisdom is that what’s bad for the coal industry is good for the planet. To be sure, China must cut its coal use. However, there is another reality – an ailing coal industry hurts the efforts to fight climate change.
In the vast, arid plateau of northern China, energy giant PetroChina and its European partner Royal Dutch Shell are busy drilling wells thousands of metres underground. They hope to assess if it's possible to expand production at the Changbei gas field in Shaanxi province.
China Coal Energy is stepping up investments in downstream coal-to-chemicals projects amid an oversupply and declining coal prices that have seen a third of mainland miners mired in losses.