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Corporate governance

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Its headquarters is located in Zoucheng, Jining, Shandong. Its chairman is Mr. Zhang Xinwen. The company's parent and ultimate holding company is Yankuang Group Corporation Limited (a state-owned enterprise).

Businesses

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Yanzhou Coal is principally engaged in underground coal mining, preparation and processing, sales, and railway transportation of coal. The company is organized into three operating divisions: coal mining, coal railway transportation and methanol and electrical power.

The coal mining segment is engaged in the underground mining, preparation and sales of coal. The coal railway transportation segment is engaged in the provision of railway transportation services. The methanol and electricity power segment is engaged in the production and sales of methanol and electrical power.

The company operates six coal mines: Xinglongzhuang coal mine, Baodian coal mine, Nantun coal mine, Dongtan coal mine, Jining II coal mine (Jining II) and Jining III coal mine (Jining III), as well as a regional rail networkthat links these mines with the national rail network.

Subsidiaries

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Yanzhou Coal's subsidiaries include Heze, Felix Resources,^[2] Yancoal, Shandong Yanmei Shipping Co., Ltd., Yanzhou Coal Yulin Power Chemical Co., Ltd., Zhongyan Trade Co., Ltd, Shanxi Neng Hua, Shanxi Tianchi and Shanxi Tianhao. During the year ended December 31, 2008, the Company sold 37.56 million tons of salable coal. The customers of Yanzhou Coal are mainly located in Eastern China, Southern China and the East Asia such as Japan and South Korea.

YAL is in effect a majority state owned Chinese corporation. Dividends are nice but volume is the main game. Expand expand expand