Chinese :晋煤集团; lit.'Jin Coal Group' | |||||||
Company type | State-owned enterprise | ||||||
Industry | Energy and chemical | ||||||
Predecessor | Jincheng Mining Bureau | ||||||
Founded |
| ||||||
Headquarters | Jincheng , China | ||||||
Area served | China | ||||||
Key people | He Tiancai (Chairman & Party Committee Secretary) | ||||||
Products | Anthracite, coal mine methane, electricity | ||||||
Revenue | |||||||
| |||||||
| |||||||
Total assets |
| ||||||
Total equity |
| ||||||
Owner |
| ||||||
Number of employees | 142,741 (2015) | ||||||
Parent | Jinneng Holding Group | ||||||
Subsidiaries | JAMG International Trading (100%) | ||||||
Chinese name | |||||||
Simplified Chinese | 晋能控股装备制造集团有限责任公司 | ||||||
Traditional Chinese | 晉能控股裝備製造集團有限責任公司 | ||||||
| |||||||
Jinneng Holding Equipment Manufacturing Group | |||||||
Simplified Chinese | 晋能控股装备制造集团 | ||||||
Traditional Chinese | 晉能控股裝備製造集團 | ||||||
Literal meaning | Jincheng Coal Industry Group | ||||||
| |||||||
Second alternative Chinese name | |||||||
Simplified Chinese | 晋煤集团 | ||||||
Traditional Chinese | 晉煤集團 | ||||||
Literal meaning | Jin Coal Group | ||||||
| |||||||
Footnotes /references in a consolidated basis (2014 figures restated) [1] [2] [3] [4] |
Jinneng Holding Equipment Manufacturing Group Company Limited,formerly name Shanxi Jincheng Anthracite Mining Group Co.,Ltd. (JAMG) is a Chinese state-owned coal mining conglomerate based in Jincheng,Shanxi. It was owned by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government . JAMG was ranked 386th in 2016 Fortune Global 500. [5] The company also known as Jin Coal Group (Chinese :晋煤集团) in China,which "Jin" was the short name of both Jincheng and Shanxi Province,as both named after the ancient Jin. Jincheng was located in one of the 13 important coal mining sites of China,namely "Jin East",which fellow state-owned enterprise Yangquan Coal Industry Group and Lu'an Mining Industry Group were also located in "Jin East". [6]
According to a publication of the National Energy Administration, [7] JAMG had a coal mining capability of 54.55 million tons in 2015,despite the list was incomplete. (The figure also included the mines from Taiyuan Coal Gasification Group) According to the company itself,the company produced 70.4 million tons of coal in 2015. [8]
According to the International Energy Agency,JAMG was ranked 11th in 2006 in China by sales mass. [9] According to UNESCO,the group had one of the representative coal gasification plant in China in 2007,with an output of 100,000 tons. [10] The group also had the world largest coal mine methane power plant of 120 MegaWatts,at the Sihe Mine (Chinese :寺河矿). [11] The engine of the power plant was constructed by Caterpillar [12] and the project was partly financed by a loan from Asia Development Bank [13] and the Prototype Carbon Fund that was managed by the World Bank. [14]
Shanxi Jincheng Anthracite Mining Group was founded in 1958 as Jincheng Mining Bureau. In 2000 it was incorporated as a limited company. In 2011 Shanxi SASAC entrusted JAMG to manage Taiyuan Coal Gasification Group.
In 2016 JAMG acquired 24.26% stake of Taiyuan Coal Gasification Co.,Ltd.,a listed subsidiary of Taiyuan Coal Gasification Group for CN¥ 856.13 million (CN¥6.87 per share). [15] [16] A backdoor listing was planned for a subsidiary (Chinese :山西蓝焰煤层气集团有限责任公司; pinyin :Shānxīlányàn méicéngqìjítuán yǒuxiàn zérèn gōngsī;lit.'Shanxi Blue Flame Coalbed Methane Group') of JAMG,which produces coal mine methane. The listed company would acquire the subsidiary by paying cash and issuing new shares to JAMG. The assets of coal gas would sold back from the listed company to Taiyuan Coal Gasification Group. After the deal,JAMG would owned the listed company for 49.89%,followed by Taiyuan Coal Gasification Group for 16.66%. Additional new shares would be issued to other parties in order to dilute the effect of aforementioned deal,which JAMG and Taiyuan Coal Gasification Group may owned 40.05% and 13.38% stake respectively,with new investors owned 20%. [17]
In 2020 the company became a subsidiary of the consolidated Jinneng Holding Group,merging six companies including the Datong Coal Mine Group. [18]
The shareholders of JAMG,as at 31 December 2015 were the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government ,China Development Bank (via a wholly owned subsidiary) and China Cinda Asset Management. The latter acquired the stake by debt-to-equity swap. On 29 January 2015 JAMG bought back 3.61% stake from China Construction Bank. [4] The treasury stock was than canceled in mid-2015. [8]
Jincheng is a prefecture-level city situated in the southeast of Shanxi province,China. It shares its border with Henan province to the south and southeast. The city is recognized as an industrial hub,with coal mining being one of its key industries. The population of the entire city is estimated to be 2.2 million.
Shanxi Coking Co.,Ltd. (SCC) is a publicly traded coke manufacturing conglomerate in China. The company was listed on Shanghai Stock Exchange.
Shanxi Coking Coal Group Co.,Ltd. is a Chinese state-owned coal mining conglomerate and a holding company,as one of the seven coal conglomerates that had a production capability of over 100 million metric tons in China in 2011. Shanxi Coking Coal Group was ranked 337th in 2016 Fortune Global 500.
China National Coal Group Co.,Ltd.,known as China Coal Group,is a Chinese coal mining conglomerate that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. It was the second largest state-owned coal mining enterprise in the mainland China,and the third largest in the world,just after Shenhua Group in 2008,according to a website quoting Xinhua News Agency. It is engaged in coal production and sales,coal chemicals,coal mining equipment manufacturing,coal mine design and related engineering services.
Ma gang (Group) Holding Co.,Ltd.,or known as Masteel Group,is one of the major Chinese iron and steel enterprises. Since 2019,it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's State-owned Assets Supervision and Administration Commission (SASAC). It is headquartered in Ma'anshan,Anhui province. The group produced iron and steel via its listed subsidiary Maanshan Iron and Steel Company Limited,which was a listed company since 1993. However,the group had a significant part remained unlisted.
Wanhua Chemical Group Co.,Ltd. known as Wanhua Chemical and formerly Yantai Wanhua Polyurethane or Yantai Wanhua Polyurethanes or Yantai Wanhua,is a Chinese listed company in chemical industry.
Wanhua Industrial Group Co.,Ltd. is a Chinese holding company. It was the parent company of Wanhua Chemical Group and BorsodChem until 2018. Yantai Municipal People's Government,via Yantai Guofeng,still owned 39.497% stake of the company as of 2017. The government also sold 25% stake of the company to a consortium of Pemex and Deutsche Bank in 2007.
Benxi Steel Group Corp.,Ltd. known as Benxi Steel Group is a Chinese holding company based in Benxi,Liaoning Province,for two steel making group.
Baoshan Iron &Steel Co.,Ltd.,also known as Baoshan Iron &Steel and Baosteel,is a maker of steel based in Shanghai,China,and a subsidiary of state-owned China Baowu Steel Group. It is listed on the Shanghai Stock Exchange.
Shanghai Meishan Iron and Steel Co.,Ltd.,known as Meishan Iron and Steel,or Meisteel or Meigang is a second-tier subsidiary of Baowu and a first-tier subsidiary of listed company Baoshan Iron and Steel Co.,Ltd. (Baosteel). The company was based in Nanjing.
Baosteel Group Guangdong Shaoguan Iron and Steel Co.,Ltd. known as Shaoguan Iron and Steel or SGIS or Shaogang or Shaosteel is a Chinese steel maker.
China Cinda Asset Management Co.,Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The bank received shares by debt-to-equity swap on non-performing loans. In 2010,the corporation became a "company limited by shares".
China Orient Asset Management Co.,Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans.
Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe or its abbreviation TPCO,is the largest stemless steel pipe maker of China as well as one of the largest in the world.
CRRC Group Corporation,known as CRRC Group,is a Chinese state-owned holding company,direct parent company of CRRC and 32 other subsidiaries;if including second-tier subsidiaries,the holding company is the head of 112 legal entities.
Taiyuan Coal Gasification (Group) Co.,Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan,Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government. However,Shanxi SASAC granted fellow state-owned enterprise Jincheng Anthracite Mining Group (JAMG) to manage their stake since 2011.
Xishan Coal Electricity (Group) Co.,Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group. The subsidiary is based in Taiyuan,Shanxi.
Zhuhai Gree Group Co.,Ltd. is a Chinese state-owned enterprise based in Zhuhai,Guangdong Province. The enterprise was owned and supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Zhuhai local government.
Baiyin Nonferrous Group Co.,Ltd. known also as BNMC is a Chinese company based in Baiyin,Gansu Province,China. The company was the main copper supplier in China.
Jinneng Holding Group is a Chinese state-owned energy company based in Jinzhong,Shanxi. The Group controls total assets of $US 151.8 billion,including a coal production capacity of approximately 468 million tons and an installed power generation capacity of 23.28 GW. With 439,051 employees,the company is one of the largest employers in the world.