Chinese state-owned coal producers Shandong Energy and Yankuang have agreed to merge as part of the central government’s push for more restructurings and listings in the energy sector in 2020. Shandong Energy produced over 100 million tons of coal in 2019, while Yankuang’s output stood at 166 million tons last year.
The new entity, called Shandong Energy Group Cooperation, will become one of China’s largest coal producers. With a combined output of more than 260 million tons/year, it will account for about 7% of China’s total coal production. China Energy Investment, China’s largest state-controlled coal producer, produced 510 million tons last year.
