The Kailuan (Group) Co., Ltd. () is a major Chinese
coal mining
Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...
company. The
Chinese Engineering and Mining Company
The Chinese Engineering and Mining Company, Limited, was established with foreign capital around 1879 to mine coal for the steamships of the Chinese Merchants' Steam Navigation Company and the Imperial Chinese Navy. English mining engineer Robe ...
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.
As one of the world's largest coal consumers and producers, it has set up four to six coal reserve bases, each with a storage capacity of more than 20 million tonnes, in eastern
Shandong
Shandong is a coastal Provinces of China, province in East China. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural ...
province to help cope with future supply shocks. The base planned by Kailuan would be located in the
Caofeidian area of
Hebei
Hebei is a Provinces of China, province in North China. It is China's List of Chinese administrative divisions by population, sixth-most populous province, with a population of over 75 million people. Shijiazhuang is the capital city. It bor ...
province and would cost an estimated 2 billion yuan ($294 million).
No timeframe has been provided.
The state-run coal mining group is the parent of
Kailuan Energy Chemical ().
In 2012, Kailuan Group announced a 30% stake in a joint venture steel project with
Jingtang United Iron & Steel from
Tanggang.
However, the deal collapsed.
See also
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Coal power in China
In the People's Republic of China, electricity generated from coal represents over half of all electricity generated in the country. It is a major source of greenhouse gas emissions by China.
China's installed coal-based power generation capaci ...
References
External links
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Coal companies of China
Companies with year of establishment missing
Government-owned companies of China
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