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Yanzhou Coal

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Yanzhou Coal is a major privately-owned Chinese coal company which is listed on the Hong Kong, New York and Shanghai stock exchanges.[1] The company was founded in 1997 and headquarters in Jining, Shandong and People's Republic of China.

Corporate governance

Its headquarters is located in Yanzhou, Jining, Shandong. Its chairman is Mr. Wang Xin. The Company’s parent and ultimate holding company is Yankuang Group Corporation Limited (the Parent Company).

Australian operations

Yancoal Australiais a wholly owned subsidiary of Yanzhou Coal.[2] Yancoal owns the Austar Coal Mine. It also owns Felix Resources, which in turn owns two coal mines in the Hunter Valley in New South Wales: the Ashton Coal Mine and the Moolarben Coal Mine. Felix Resources also owns the Yarrabee Coal Mine and the Minerva Coal Mine in the Bowen Basin in Queensland.[3]

On Sep. 27, 2011 Yanzhou Coal Mining said it agreed to buy two coal companies from Australia's Wesfarmers Ltd for a total of A$296.8 million to boost its coal reserves. The principal businesses of Premier Coal (also known as Wesfarmers Premier Coal) are the exploration, production and processing of coal, while Wesfarmers Char's businesses are in research and development of technology and procedures in relation to processing coal char from low rank coals, the statement said.[4]

Businesses

Yanzhou Coal is principally engaged in underground coal mining, preparation and processing, sales, and railway transportation of coal. The Company is organized into three operating divisions: coal mining, coal railway transportation and methanol and electrical power.

The Coal mining segment is engaged in the underground mining, preparation and sales of coal. The Coal railway transportation segment is engaged in the provision of railway transportation services. The Methanol and electricity power segment is engaged in the production and sales of methanol and electrical power.

The Company operates six coal mines: Xinglongzhuang coal mine, Baodian coal mine, Nantun coal mine, Dongtan coal mine, Jining II coal mine (Jining II) and Jining III coal mine (Jining III), as well as a regional rail network that links these mines with the national rail network.

Subsidiaries

Yanzhou Coal’s subsidiaries include Austar Coal Mine Pty, Limited, Heze, Yancoal Australia Pty, Limited, Shandong Yanmei Shipping Co., Ltd., Yanzhou Coal Yulin Power Chemical Co., Ltd., Zhongyan Trade Co., Ltd, Shanxi Neng Hua, Shanxi Tianchi and Shanxi Tianhao. During the year ended December 31, 2008, the Company sold 37.56 million tons of salable coal. The customers of Yanzhou Coal are mainly located in Eastern China, Southern China and the East Asia such as Japan and South Korea.

Contact details

Website: http://www.yanzhoucoal.com.cn/en/node_121.htm

Articles and resources

References

  1. Yanzhou Coal, "Company overview", Yanzhou Coal website, accessed March 2011.
  2. Yancoal Australia, "Excellent Brand, Outstanding Credibility", Yancoal Australia website, accessed August 2010.
  3. Yancoal Australia, "Key Assets", Yancoal Australia website, accessed August 2010.
  4. Yvonne Lee, "Yanzhou Coal Agrees To Buy Two Coal Firms From Wesfarmers For A$296.8 Million" Fox Business, September 27, 2011.

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