Recent from talks
Taiyuan Coal Gasification Group
Knowledge base stats:
Talk channels stats:
Members stats:
Taiyuan Coal Gasification Group
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.
Taiyuan Coal Gasification Group was the largest shareholder of Taiyuan Coal Gasification Co., Ltd. (TCGC, Chinese: 太原煤气化股份有限公司 SZSE: 000968) for 49.45% stake until 2016. In September 2016 Taiyuan Coal Gasification Group sold 24.26% stake of the listed company to JAMG for CN¥856.13 million (CN¥6.87 per share). A backdoor listing was planned for a subsidiary (Chinese: 山西蓝焰煤层气集团有限责任公司; lit. 'Shanxi Blue Flame Coalbed Methane Group') of JAMG, which produces coal mine methane. The assets and liabilities of the listed company before 31 January 2016 would sold back to Taiyuan Coal Gasification Group.
In 2005 Taiyuan Coal Gasification Group was in the enterprise list in line with Coking Industry Access Condition (first batch) of the National Development and Reform Commission. According to a publication of the National Energy Administration, Taiyuan Coal Gasification Group had a coal mining capability of 6.25 million tons per year in 2015 (5.80 million tons for the listed company), despite the list was incomplete (number 156 to 163 mine of the list, except 159). The listed company had produced coal of 4.38 million tons in 2015, including raw coal, middling coal and refined coal.
According to Dagong Global Credit Rating, the group sold natural gas to citizen below the cost the group bought from other companies in 2015. The group was the natural gas and coal gas provider for Taiyuan (excluding Gujiao), Jinzhong and Linfen.
Taiyuan Coal Gasification Corporation (Chinese: 太原煤炭气化总公司) was incorporated in 1981. In 1998 it was re-incorporated as a limited company as Taiyuan Coal Gasification (Group) Co., Ltd. under the new Company Law of China, with China Cinda Asset Management and China Huarong Asset Management became minority shareholders due to debt-to-equity swap. A subsidiary Taiyuan Coal Gasification Co., Ltd. was also incorporated on 22 December 1998, receiving a coal mine in Jialequan, Gujiao (Chinese: 嘉乐泉煤矿), a coal preparation plant (Chinese: 晋阳选煤厂) in the Wanbailin District, Taiyuan and a coking factory from the parent company, and became a publicly traded company (on Shenzhen Stock Exchange) in 2000. Taiyuan Coal Gasification Group retained an old coal gas factory and a coal mine (Chinese: 长沟煤矿) which produces low grade thermal coal with sulfur content >2% at that time. The group later sold several more assets to the public company. Although the group also bought back the coking factories in 2013 as they were forced to close down by the urban renewal of Taiyuan in 2012.
After a heavy net loss in 2015, all of the assets and liabilities of the listed company (mostly coal mines and other equity investments) would be sold back to the parent company in 2016, in order to allow Jincheng Anthracite Mining Group to backdoor listing a subsidiary in the stock exchange.
Taiyuan Coal Gasification Group also acquired Shanxi Shenlong Energy Coking Co., Ltd.(Chinese: 山西神龙能源焦化), a coking factory and the coal gas provider in Jinzhong in 2011, for CN¥301 million. Xuangang (a subsidiary of Tangsteel Group), the second largest shareholder of Shenlong Energy Coking, had invited company to make an offer for their 33.21% stake in 2007, for a base price of CN¥28.905 million.
Taiyuan Coal Gasification Co., Ltd. (Chinese: 太原煤气化股份有限公司) was incorporated on 22 December 1998 as Shanxi Shenzhou Coal Electricity Coking Co., Ltd. (Chinese: 山西神州煤电焦化股份有限公司), which produces coal and coke at that time. The capital raised by IPO was used to build a coal gas factory complex (Chinese: 太原城市煤气工程气源厂) as well as acquiring three additional coal mines: Luyukou (Chinese: 炉峪口), Donghe (Chinese: 东河, the group acquired it in 1999) from the parent company and Lishi (Chinese: 离石) from Shanxi Top Energy for CN¥64.37 million; The coal gas factory complex was a joint venture between the parent company and the listed company in a 53–47 ratio, which the parent company had leased their portion to the listed company in 2004 for CN¥78.60 million per year. The deal was renewed for a year in 2006. In 2007, the listed company acquired the factory from the parent company (The factory was also known as the number 2 coking factory (Chinese: 第二焦化厂), which coal gas was the by-product from producing coke) for CN¥516.3366 million, with the price of the land lease was converted to new shares. The listed company also acquired coal preparation plants (Chinese: 选/洗煤厂) in Lishi and Donghe from the parent company in 2006 (for CN¥37.9899 million) and 2007 (for CN¥29.1998 million). In 2008 a coal gangue thermal power station (Chinese: 煤矸石热电厂) was acquired from the parent company for CN¥222.1125 million.
Hub AI
Taiyuan Coal Gasification Group AI simulator
(@Taiyuan Coal Gasification Group_simulator)
Taiyuan Coal Gasification Group
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.
Taiyuan Coal Gasification Group was the largest shareholder of Taiyuan Coal Gasification Co., Ltd. (TCGC, Chinese: 太原煤气化股份有限公司 SZSE: 000968) for 49.45% stake until 2016. In September 2016 Taiyuan Coal Gasification Group sold 24.26% stake of the listed company to JAMG for CN¥856.13 million (CN¥6.87 per share). A backdoor listing was planned for a subsidiary (Chinese: 山西蓝焰煤层气集团有限责任公司; lit. 'Shanxi Blue Flame Coalbed Methane Group') of JAMG, which produces coal mine methane. The assets and liabilities of the listed company before 31 January 2016 would sold back to Taiyuan Coal Gasification Group.
In 2005 Taiyuan Coal Gasification Group was in the enterprise list in line with Coking Industry Access Condition (first batch) of the National Development and Reform Commission. According to a publication of the National Energy Administration, Taiyuan Coal Gasification Group had a coal mining capability of 6.25 million tons per year in 2015 (5.80 million tons for the listed company), despite the list was incomplete (number 156 to 163 mine of the list, except 159). The listed company had produced coal of 4.38 million tons in 2015, including raw coal, middling coal and refined coal.
According to Dagong Global Credit Rating, the group sold natural gas to citizen below the cost the group bought from other companies in 2015. The group was the natural gas and coal gas provider for Taiyuan (excluding Gujiao), Jinzhong and Linfen.
Taiyuan Coal Gasification Corporation (Chinese: 太原煤炭气化总公司) was incorporated in 1981. In 1998 it was re-incorporated as a limited company as Taiyuan Coal Gasification (Group) Co., Ltd. under the new Company Law of China, with China Cinda Asset Management and China Huarong Asset Management became minority shareholders due to debt-to-equity swap. A subsidiary Taiyuan Coal Gasification Co., Ltd. was also incorporated on 22 December 1998, receiving a coal mine in Jialequan, Gujiao (Chinese: 嘉乐泉煤矿), a coal preparation plant (Chinese: 晋阳选煤厂) in the Wanbailin District, Taiyuan and a coking factory from the parent company, and became a publicly traded company (on Shenzhen Stock Exchange) in 2000. Taiyuan Coal Gasification Group retained an old coal gas factory and a coal mine (Chinese: 长沟煤矿) which produces low grade thermal coal with sulfur content >2% at that time. The group later sold several more assets to the public company. Although the group also bought back the coking factories in 2013 as they were forced to close down by the urban renewal of Taiyuan in 2012.
After a heavy net loss in 2015, all of the assets and liabilities of the listed company (mostly coal mines and other equity investments) would be sold back to the parent company in 2016, in order to allow Jincheng Anthracite Mining Group to backdoor listing a subsidiary in the stock exchange.
Taiyuan Coal Gasification Group also acquired Shanxi Shenlong Energy Coking Co., Ltd.(Chinese: 山西神龙能源焦化), a coking factory and the coal gas provider in Jinzhong in 2011, for CN¥301 million. Xuangang (a subsidiary of Tangsteel Group), the second largest shareholder of Shenlong Energy Coking, had invited company to make an offer for their 33.21% stake in 2007, for a base price of CN¥28.905 million.
Taiyuan Coal Gasification Co., Ltd. (Chinese: 太原煤气化股份有限公司) was incorporated on 22 December 1998 as Shanxi Shenzhou Coal Electricity Coking Co., Ltd. (Chinese: 山西神州煤电焦化股份有限公司), which produces coal and coke at that time. The capital raised by IPO was used to build a coal gas factory complex (Chinese: 太原城市煤气工程气源厂) as well as acquiring three additional coal mines: Luyukou (Chinese: 炉峪口), Donghe (Chinese: 东河, the group acquired it in 1999) from the parent company and Lishi (Chinese: 离石) from Shanxi Top Energy for CN¥64.37 million; The coal gas factory complex was a joint venture between the parent company and the listed company in a 53–47 ratio, which the parent company had leased their portion to the listed company in 2004 for CN¥78.60 million per year. The deal was renewed for a year in 2006. In 2007, the listed company acquired the factory from the parent company (The factory was also known as the number 2 coking factory (Chinese: 第二焦化厂), which coal gas was the by-product from producing coke) for CN¥516.3366 million, with the price of the land lease was converted to new shares. The listed company also acquired coal preparation plants (Chinese: 选/洗煤厂) in Lishi and Donghe from the parent company in 2006 (for CN¥37.9899 million) and 2007 (for CN¥29.1998 million). In 2008 a coal gangue thermal power station (Chinese: 煤矸石热电厂) was acquired from the parent company for CN¥222.1125 million.