Shanxi coal firms jump on restructuring bandwagon

Coalmines in Shanxi are quickening their pace of restructuring, backed by the government, in a move that could eventually see the public listing of all choice assets instead of fragmented pieces held by various listed subsidiaries and units.

The overall plan calls for the listing of the five leading coal producing enterprises in the province known for its rich coal deposits before 2015, said an official with one of the enterprises.

The five companies are Datong Coal Mine Group, Shanxi Coking Coal Group, Lu'An Group, Yangquan Coal Industry Group and Jincheng Anthracite Mining Group.