Jizhong Energy

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Jizhong Energy Group Company Limited
Type State owned
Industry Coal mining
Headquarters Xingtai, Hebei, People's Republic of China
Key people Wang Sheping, CEO
Products Coal
Subsidiaries Jizhong Energy Resource
Website www.jznyjt.com

Jizhong Energy Group Company Limited is a state owned coal company located in Hebei, China. It is among the seven largest Chinese coal companies.[1] In 2011, the company mined slightly over 100 million metric tonnes of coal in 2011, of which about 26 million metric tonnes of metallurgical coal. This makes it China's second-largest metallurgical coal miner after Shanxi Coking Coal Group.[2]

The company was created in June 2008 by merging Jinniu Energy Group and Jizhong Energy Fengfeng Group. In addition to the coal industry, the company is engaged in the medicine, electric, chemical, mechanical and structural material industries.[3] It has eight fully owned subsidiaries and three listed companies. In 2011, it was ranked at 458. position by Forbes magazine.[4]

One of the main subsidiaries, Jizhong Energy Resource (formerly Hebei Jinniu Energy Resources Co, Ltd.), is listed on Shenzhen Stock Exchange (SZSE: 000937). In 2008, the company produced 12 million metric tonnes of raw coal and 4.92 million metric tonnes of clean coal, as well as sold approximately 9.67 million metric tonnes of commercial coal.

References[edit]

  1. ^ "China's 7 Coal Mining Companies Realized Production Capacity of 100 Mln Tonnes in 2011". China Mining Association. 2012-02-01. Retrieved 2012-06-02. 
  2. ^ Le, Reggie (2012-04-05). "China's Jizhong Energy mines 31 million mt of coal, up 10% on year". Platts. Retrieved 2012-06-02. 
  3. ^ "Jizhong Energy Group Co., Ltd.". China.org.cn. Retrieved 2012-06-02. 
  4. ^ "Global 500". CNN. Retrieved 2012-06-02.