Taiyuan Coal Gasification Group

For another coal gas company of Taiyuan, see Xishan Coal and Electricity Power.

Taiyuan Coal Gasification Group
太原煤炭气化（集团）有限责任公司
FormerlyTaiyuan Coal Gasification Corp.
Company typestate-owned enterprise
Founded
  • 1981
  • 1998 (as limited company)
Headquarters29 Heping South Road, Wanbailin District,
Taiyuan
,
China
Key people
He Tiancai (Chairman)
Products
  • Coal, coal gas, coke
  • electricity (until 2012)
Servicesnatural gas distribution network
RevenueDecrease CN¥7.8 billion (2015)
Decrease (CN¥2.7 billion) (2015)
Decrease (CN¥1.4 billion) (2015)
Total assetsDecrease CN¥25.9 billion (2015)
Total equityDecrease (CN¥437.8 million) (2015)
Owner
ParentJAMG
Footnotes / references
in a consolidated basis[1]
Taiyuan Coal Gasification (Group) Co., Ltd.
Simplified Chinese太原煤炭气化(集团)有限责任公司
Traditional Chinese太原煤炭氣化(集團)有限責任公司
Transcriptions
Standard Mandarin
Hanyu PinyinTàiyuán méitàn qìhuà (jítuán) yǒuxiàn zérèn gōngsī
Taiyuan Coal Gasification Group
Simplified Chinese太原煤炭气化集团
Traditional Chinese太原煤炭氣化集團
Transcriptions
Standard Mandarin
Hanyu PinyinTàiyuán méitàn qìhuà jítuán
Second alternative Chinese name
Simplified Chinese太煤化
Traditional Chinese太煤化
Transcriptions
Standard Mandarin
Hanyu PinyinTàiméihuà

Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government [zh]. However, Shanxi SASAC granted fellow state-owned enterprise Jincheng Anthracite Mining Group (JAMG) to manage their stake since 2011.[1]

Taiyuan Coal Gasification Group was the largest shareholder of Taiyuan Coal Gasification Co., Ltd. (TCGC, Chinese: 太原煤气化股份有限公司 SZSE: 000968) for 49.45% stake until 2016. In September 2016 Taiyuan Coal Gasification Group sold 24.26% stake of the listed company to JAMG for CN¥856.13 million (CN¥6.87 per share).[2][3] A backdoor listing was planned for a subsidiary (Chinese: 山西蓝焰煤层气集团有限责任公司; lit. 'Shanxi Blue Flame Coalbed Methane Group') of JAMG, which produces coal mine methane. The assets and liabilities of the listed company before 31 January 2016 would sold back to Taiyuan Coal Gasification Group.

In 2005 Taiyuan Coal Gasification Group was in the enterprise list in line with Coking Industry Access Condition (first batch) of the National Development and Reform Commission.[4][5] According to a publication of the National Energy Administration,[6] Taiyuan Coal Gasification Group had a coal mining capability of 6.25 million tons per year in 2015 (5.80 million tons for the listed company), despite the list was incomplete (number 156 to 163 mine of the list, except 159). The listed company had produced coal of 4.38 million tons in 2015, including raw coal, middling coal and refined coal.[1]

According to Dagong Global Credit Rating, the group sold natural gas to citizen below the cost the group bought from other companies in 2015.[7] The group was the natural gas and coal gas provider for Taiyuan (excluding Gujiao), Jinzhong and Linfen.[8]

  1. ^ a b c Cite error: The named reference TCGCG2015AR was invoked but never defined (see the help page).
  2. ^ "关于太原煤炭气化(集团)有限责任公司协议转让所持部分太原煤气化股份有限公司股份获国资委批复的公告" [SASAC [of the State Council] has approved Taiyuan Coal Gasification Group to sell some shares of Taiyuan Coal Gasification Co., Ltd.] (PDF). Taiyuan Coal Gasification Co., Ltd. (in Chinese). Shenzhen Stock Exchange. September 1, 2016. Retrieved October 31, 2016.
  3. ^ "关于太原煤气化拟协议转让公司股份的提示性公告" [Announcement on Taiyuan Coal Gasification Group selling the stake of our company] (PDF). Taiyuan Coal Gasification Co., Ltd. (in Chinese). Shenzhen Stock Exchange. June 21, 2016. Retrieved October 31, 2016.
  4. ^ "符合《焦化行业准入条件》企业名单(第一批)" [Enterprise List in line with Coking Industry Access Condition (First Batch)]. National Development and Reform Commission (in Chinese). Republished by custeel.com. December 9, 2005. Retrieved November 7, 2016.
  5. ^ "Announcement No.78 [2005] of the National Development and Reform Commission of the People's Republic of China – The Enterprise List in line with Coking Industry Access Condition (First Batch) [Effective]". National Development and Reform Commission. Translated by lawinfochina.com. December 9, 2005. Retrieved November 7, 2016.
  6. ^ "山西省煤矿生产能力情况(截至2015年底)" [Production capability of coal mines in Shanxi Province (as at 31 December 2015)] (PDF) (in Chinese). National Energy Administration. April 28, 2016. Retrieved November 2, 2016.
  7. ^ "太原煤炭气化（集团）有限责任公司 主体与相关债项2016年度跟踪评级报告" (PDF). Dagong Global Credit Rating (in Chinese). Re-published by National Association of Financial Market Institutional Investors. July 28, 2016. Retrieved November 8, 2016.
  8. ^ "市政府与太原煤气化公司签署市区天然气置换煤气合作协议" (in Chinese). Municipal People's Government of Linfen. September 14, 2013. Retrieved November 8, 2016.