As stated by Bu Changsen, general manager and board chairman of Shandong Energy Group, the company has formally commenced preparations for its listing on the stock exchange.

In 2011, the group coal output reached 108.21 million tonnes. Meanwhile, its sales revenue for the year totaled CNY 156 billion with a net profit of CNY 17.2 billion.

Shandong Energy Group, owned by the Shandong provincial government, was formed in March 2011 by the merging of Shandong-based coal mining companies Xinwen Mining Group, Zaozhuang Mining, Zibo Mining, Feicheng Mining, Linyi Mining and Longkou Mining. The company now ranks among the top five Chinese producers of coal.

(Sourced from Steel Orbis)
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