Shandong plans to build a 100 million mt coking group

Wednesday, 17 March 2010 17:41:09 (GMT+2)

Tan Chengy, director of the state-owned Assets Supervision and Administration Commission of China's Shandong Province, has stated that the commission will actively promote the merging of coal companies in 2010, trying to keep the number of province-controlled corporations under 25 and to build around ten competitive, large-scale companies.

At the end of 2009, Shandong Province had a total of 32 province-controlled companies. Mr. Tan stated that there were plans to merge seven coal mining companies among the 32, including Yankuang Group, Zaozhuang mining Group, Zibo mining Group, Xinwen mining company, Longkou mining company, Feicheng mining company and Linyi mining company, thereby forming one large-scale coal group.

If the seven coal corporations in question are merged, Shandong Province will have a major coal group with an annual capacity of 100 million mt.

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