- Business
- Shaanxi Coal Industry Company Limited engages principally in the mining, washing, processing, transportation and sales of coal in China. The company produces thermal coal, accounting for the majority of output, and coking coal; it also generates and sells electricity through thermal power operations and provides related production services including mining support and coalbed methane utilization. Shaanxi Coal Industry operates primarily in key mining areas such as Shenfu, Yushen, Huangling, Binchang, Weibei, and others in Shaanxi Province, with a production capacity of approximately 60 million tons annually and plans to expand to 75-80 million tons by 2025. Founded in 2008 as part of the restructuring of Shaanxi's coal sector and listed on the Shanghai Stock Exchange in 2014 under ticker 601225.SS, the company is headquartered in Xi'an, Shaanxi Province, and serves major customers in power generation, steel production and chemical manufacturing sectors domestically and internationally. Recent developments include a December 2024 announcement to acquire equity in Shaanxi Coal Power Group Co., Ltd., marking a strategic expansion into power assets; capacity increases for select mines announced in April 2025; heightened investments in R&D reaching CNY 200 million in 2024 for advanced mining technologies and clean energy initiatives; and ongoing modernization efforts with approximately USD 200 million allocated to facility upgrades, boosting production efficiency by 15% amid China's energy security priorities.