China Coal Energy

By: EconomyWatch   Date: 17 July 2010

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China Coal Energy is among top two coal mining companies in China. Ranked 1060 in Forbes Global 2000 list of companies, it is world’s third largest coal mining corporation. China Coal Energy Company Limited is engaged in producing and selling coal based chemicals and coke.
China Coal founded in 2006 is headquartered in Beijing. In December 2007, coal reserve of this company was estimated at 10.24 billion tons and mining reserves at 6.16 billion tons. In 2006 China Coal Energy was enlisted at Hong Kong stock exchange and thereafter joined Hang Seng China Enterprise Index Constitute Stock in 2007.

Brief history
China Coal Energy was set up as a subsidiary of China National Coal Group Corporation in 2006. China Coal Energy is a state-owned enterprise engaged in producing coke and coal based products. This company owns 12 coal mines, 5 coking plants, 13 coal processing units, 4 coal mine equipment manufacturing industries, and 2 mine design institutes.

Products and services
This coal company in China is engaged in mining, sale, and trading of coal in and outside China. In addition to coal it also produces and sells coal-based chemicals and coke. China Coal Energy is further involved in design, development, manufacture and marketing of coal mining equipments. After sales support of mining equipments is another activity of this concern. Designing of coal mines is one of major activities of China Coal. Selling aluminum and generation and sale of electric power are other services offered by this company.

In addition to selling its products in China, this company exports its products to Taiwan, Korea, and Japan.

Financials
As on March 2008 China Coal Energy had net assets worth US $5.47 billion. It had made net sales of US $3.87 billion, and earned profit of US $0.41 billion.

Awards and achievements
China Coal Energy Company Limited was enlisted with Hong Kong stock exchange in 2006. It is among top two Chinese companies producing coal, and number three globally.




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