Type State-owned enterprise | Key people Wang Sheping, CEO Website www.jznyjt.com Founded 2008 | |
Subsidiaries Jizhong Energy Resource | ||
Jizhong Energy Group Company Limited is a state owned coal company located in Hebei, China. It is among the seven largest Chinese coal companies. In 2011, the company mined slightly over 100 million metric tonnes of coal in 2011, of which about 26 million metric tonnes of metallurgical coal. This makes it China's second-largest metallurgical coal miner after Shanxi Coking Coal Group.
The company was created in June 2008 by merging Jinniu Energy Group and Jizhong Energy Fengfeng Group. In addition to the coal industry, the company is engaged in the medicine, electric, chemical, mechanical and structural material industries. It has eight fully owned subsidiaries and three listed companies. In 2011, it was ranked at 458. position by Forbes magazine.
One of the main subsidiaries, Jizhong Energy Resource (formerly Hebei Jinniu Energy Resources Co, Ltd.), is listed on Shenzhen Stock Exchange (SZSE: 000937). In 2008, the company produced 12 million metric tonnes of raw coal and 4.92 million metric tonnes of clean coal, as well as sold approximately 9.67 million metric tonnes of commercial coal.