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China Shenhua

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China Shenhua

China Shenhua Energy Company
State-owned enterprise
Industry Metals and Mining
Founded 1995
Headquarters Beijing, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Zhang Xiwu
Products Coal
Services Coal production, transportation, Electricity generation
Employees 74,949 (2011)
Parent Shenhua Group

China Shenhua Energy Company (regional electric companies.

Recent History

On August 15, 2005, China Shenhua Energy joined Hang Seng China Enterprises Index Constitute Stock.

On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion A share to provide rooms for its parent company, China Shenhua Group, to inject the capital into it for its long-term development.

On October 9, 2007, China Shenhua Energy listed A share in the Shanghai Stock Exchange. The closed price at the first trading day was RMB$69.3, 87% higher than its IPO price, RMB$36.99.

On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007.

In September 2009, Shenhua announced that over four years they will invest $39.5 billion in coal to increase their production.[3]

In September 2010, the company agreed a contract with Mitsui & Co. in an extensive ranging cooperation in the coal industry from shipping and overseas mine development to effectiveness of coal usage and chemical manufacturing.[4]

In December 2010, Shenhua invested $2 billion in the construction of a railway; 35 percent using its own capital and the remainder from bank lending.[5]

In July 2011, Shenhua acquired a 40 percent stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36 percent and Peabody Energy Corp of America owning the remaining 24 percent.[6]

See also

  • Coal power in China


External links

  • China Shenhua Energy Company
  • 神華入國企指數成份股
  • 神華能源力爭年底發行18億股A股
  • 預期上限 神華A股首日漲87%
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