The Datong Coal Mining Group () is a third-largest
state-owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...
coal mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...
enterprise in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, after
Shenhua Group and
China Coal Group. It is located at
Datong
Datong is a prefecture-level city in northern Shanxi Province in the People's Republic of China. It is located in the Datong Basin at an elevation of and borders Inner Mongolia to the north and west and Hebei to the east. As of the 2020 cens ...
City, the second largest city in
Shanxi Province which has the greatest
coal deposits in China.
Formerly Datong Coal Mining Administration, it was established in 1949. In 2000, Datong Coal Mining Administration was reconstructed as Datong Coal Mine Group Company Limited.
Its
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
company,
Datong Coal Industry, was listed on the
Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...
in 2006.
In an effort to reduce overcapacity production, improve recycling of resources and achieve green development, the company began developing a
circular economy
A circular economy (also referred to as circularity and CE) is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. CE aims ...
approach in Datong. To that end, it sought to expand its business activities into other industries in order to obtain a degree of diversification and to utilize byproducts of its coal production, such as
thermal power plants.
See also
*
Coal power in China
References
Coal companies of China
Companies owned by the provincial government of China
Companies based in Shanxi
Energy companies established in 1949
Non-renewable resource companies established in 1949
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