Kailuan Group

The Kailuan (Group) Co., Ltd. (Chinese: 开滦(集团)有限责任公司) is a major coal mining company in China. Chinese Engineering and Mining Company was its predecessor.

In 2009, Kailuan Group planned to build a coal reserve base on the northeast coast to store 50 million tonnes of the fossil fuel.[1] As one of the world's largest coal consumer and producer, it has set up four to six coal reserve bases, each with a storage capacity of more than 20 million tonnes, in eastern Shandong province to help cope with future supply shocks.The base planned by Kailuan would be located in the Caofeidian area of Hebei province and would cost an estimated 2 billion yuan ($294 million).[1] No timeframe has been provided.

The state-run coal mining group is the parent of Kailuan Energy Chemical (SSE: 600997).

In 2012, Kailuan Group announced to take 30% stake in a joint venture steel project Jingtang United Iron & Steel from Tanggang.[2] However, the deal collapsed.

See also

References

  1. 1 2 Editorial, Reuters. "China Kailuan Group plans 50 mln T coal reserve base". Reuters India. Retrieved 2017-02-27.
  2. ↑ "China Kailuan Group takes 30 pct in Shougang JV -paper". Reuters. 2017-03-02. Retrieved 2017-04-19.


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