Xishan Coal Electricity Group


Xishan Coal Electricity Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group. The subsidiary is based in Taiyuan, Shanxi.
The company was the parent company of listed company Xishan Coal and Electricity Power. However, in 2001 all the stake were transferred to its parent company Shanxi Coking Coal Group.
Claimed by the subsidiary itself, the subsidiary is China's largest and the world's second largest coking coal production enterprise; It involves coal mining and processing, coal mining machine manufacturing, and electricity equipment repair.
In 2015 Xishan Coal Electricity Group produced 47.50 million tons of coal, 5.471 million tons of coke and 12.09 billion kWh of electricity.

History

Xishan Coal Electricity Co., Ltd. was founded in 1956 as Xishan Mining Bureau. In 1998 the organization was incorporated as a limited company. In 1999 a subsidiary Xishan Coal and Electricity Power was incorporated and floated on Shenzhen Stock Exchange in 2000. The listed subsidiary received 3 mines in Gujiao from the group as well as three corresponding coal preparation plants. The capital raised from the IPO was used to acquire 1 additional mine and two factories from Xishan Coal Electricity Group.
Xishan Coal Electricity Group became a subsidiary of Shanxi Coking Coal Group in 2001. The stake in the listed company was also transferred from Xishan Coal Electricity Group to the parent company that year.
In 2009, one of the mine of Xishan Coal Electricity Group in Gujiao had a pre-dawn explosion. In the same year, a coking factory which produce coke and coal gas was sold to the listed company. The factory was the only provider of coal gas in Gujiao.
Some of the mines of Xishan Coal Electricity Group was not injected to the listed company, such as two mines in Gujiao. According to Xishan Coal Electricity Group, they were located in 3 different area. but according to the publication of the National Energy Administration of China, the production capability per year for three mines were disclosed with a capability of just 1.8 million tons of coal per year in 2015. Moreover, the two mines in Gujiao, which had a combined 9 million tons capability per year, were listed under parent company Shanxi Coking Coal Group instead. However, the list of National Energy Administration was incomplete, which may not reflected the true situation.

Equity investments

Xishan Coal Electricity Group was also the minority shareholder of the Coca-Cola bottler in Shanxi.

Shareholders

The other shareholders of Xishan Coal Electricity Group were China Construction Bank, China Cinda Asset Management and China Orient Asset Management. They acquired the stake by debt-to-equity swap.