China Shenhua Energy

China Shenhua Energy Company Limited, also known as Shenhua, China Shenhua, or Shenhua Energy (Chinese: 神华能源), is the largest state-owned coal mining enterprise in Mainland China, and in the world.[1] It is a subsidiary of Shenhua Group.[2] It mines, refines, and sells coal, and generates and sells electric power in the People's Republic of China. It operates coal mines as well as an integrated railway network and a seaport that are primarily used to transport its coal. It also operates power plants in the PRC which are engaged in the generation and sales of coal-based power to provincial and regional electric companies. In the 2020 Forbes Global 2000, China Shenhua Energy was ranked as the 168th -largest public company in the world.[3]

"China Shenhua" redirects here. For the parent company, see Shenhua Group.
China Shenhua Energy
Native name
中國神華能源股份有限公司
Zhōngguó shénhuá néngyuán gǔfèn yǒuxiàn gōngsī
TypePublic
IndustryElectricity
Mining
Founded1995
Headquarters
Beijing
,
China
Area served
China
Key people
Zhang Yuzuo (chairman)
ProductsCoal
Electric power
Number of employees
74,949 (2011)
ParentShenhua Group (73.06%)
Websitewww.csec.com

History

On August 15, 2005, China Shenhua Energy became a constituent of Hang Seng China Enterprises Index.

On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion A-share to provide rooms for its parent company, China Shenhua Group, to inject the capital into it for its long-term development.

On October 9, 2007, China Shenhua Energy listed A share in the Shanghai Stock Exchange. The closed price at the first trading day was RMB$69.3, 87% higher than its IPO price, RMB 36.99.

On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007.

In September 2009, Shenhua announced that over four years they will invest US$39.5 billion in coal to increase their production.[4]

In September 2010, the company agreed to an extensive cooperation contract with Mitsui & Co., encompassing shipping, overseas mine development, coal usage and chemical manufacturing.[5]

In December 2010, Shenhua invested $2 billion in the construction of a railway; financing 35% with its own capital.[6]

In July 2011, Shenhua acquired a 40% stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36% and Peabody Energy owning the remaining 24%.[7]

See also

References
  1. GE to sign slew of China deals
  2. "Shenhua says won't shift CTL plant to listed arm". Reuters. 2008-03-06. Retrieved 2008-03-12.
  3. "Forbes Global 2000". Retrieved 31 October 2020.
  4. Moore, Malcolm (1 September 2009). "China Shenhua announces £24bln coal investment". The Daily Telegraph. Retrieved 19 July 2011.
  5. "Mitsui & Co strikes coal deal with China's Shenhua - MarketWatch". marketwatch.com. 2011. Retrieved 19 July 2011.
  6. Lee, Melanie (2011). "China Shenhua to build railway for $2 bln | Reuters". reuters.com. Retrieved 19 July 2011.
  7. "China's Shenhua Energy Co to acquire stake in Mongolia's Biggest Coal Project - Proactiveinvestors (AU)". proactiveinvestors.com.au. 2011. Retrieved 19 July 2011.
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