Yankuang Energy Group
Yankuang Energy Group Company Limited, formerly known as Yanzhou Coal Mining Company Limited, is a Chinese energy company engaged in coal and potash mining, chemical production, power generation, and logistics. It is majority-owned by Shandong Energy Group.
History
The company was established in 1997 as Yanzhou Coal Mining Company Limited. In December 2021, it changed its name to Yankuang Energy Group Company Limited to reflect a broader energy portfolio beyond coal.
Operations
Yankuang Energy operates in several sectors:Coal mining: Engaged in underground and open-cut mining, preparation, and sale of coal.Potash mining: In 2024, the company invested in Highfield Resources to develop the Muga potash project in Spain and acquired the Southey potash project in Canada through its subsidiary Yancoal Canada Resources.Chemical production: Produces methanol, ethylene glycol, acetic acid, and other chemical products.Power generation: Provides electricity and heat supply services.Logistics: Offers railway transportation services.