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Shanxi's new round of coal enterprise integration ends

On the afternoon of October 13, Shanxi state-owned enterprises held a briefing on the reform and restructuring of Shanxi state-owned enterprises. From the information passed by the briefing, a new round of strategic reorganization of provincial enterprises has basically completed in Shanxi Province. Among them, Shanxi's coal enterprises were integrated from seven to two.

At the end of September, Shanxi Province launched a joint reorganization of Datong Coal Mine Group, Shanxi Jincheng Anthracite Coal Mining Group and Jinneng Group. At the same time, the province also integrated the coal, power and coal machine equipment manufacturing assets of Lu'an Group and Huayang New Materials Technology Group, as well as the China (Taiyuan) Coal Trading Center, to form Jinneng Holding Group Co., Ltd. The restructured Jinneng Holding Group has total assets of RMB1.11 trillion (USD167 billion), and it owns a coal production capacity of about 400 million tons, higher than that of the newly established Shandong Energy Group two months ago and becoming the second largest coal enterprise after China Energy Investment Corporation.

In April this year, Shanxi Coking Coal Group and Shanxi Coal International Energy completed the merger and reorganization and formed a new coking coal group.