The State-owned Assets Supervision and Administration Commission of the Chinese province of Shandong has stated that six of the seven state-owned coal companies in the province are to be incorporated into a large coal group, which is to be called Shandong Energy Group Co., Ltd.
The coal companies in question are Xinwen Mineral Group, Zaozhuang Mineral Group, Zibo Mining Group, Feicheng Mining Group, Linyi Mining Group and Longkou Mining Group.
Yanzhou Mining Group, the other state-owned coal company in the province, will not be integrated into the big group.
The formal inauguration of the new group is scheduled to take place not later than the end of the current year.