The internationalization course of Yanzhou coal industry

Yanzhou Coal Industry adheres to the combination of industrial operation and capital operation, actively and steadily implements the "going out" strategy, and has successively carried out a series of investment activities in countries with political stability, sound laws and abundant resources, such as Australia and Canada, and the effect of international operation of enterprises has begun to show. 1999-65438+In February, Yanzhou Coal Industry cooperated with the Australian Federal Academy of Sciences to carry out the technical research on "Application of Fully Mechanized Caving Technology in Australia", and successively obtained six foreign patents, laying a foundation for fully mechanized caving technology to enter Australia and participate in international coal development.

Yanzhou Coal's first overseas resource development project is the acquisition of Austar coal mine in Australia.

In 2004, Yanzhou Coal Company, relying on mature fully mechanized top-coal caving mining and fire prevention technology, successfully acquired Austar Coal Mine in Australia, which once changed its ownership due to spontaneous combustion, becoming the first enterprise in China to "go out" and wholly develop overseas coal resources, and the first enterprise in Australian history to adopt fully mechanized top-coal caving production technology, realizing the historic transformation of China's coal industry from "three inputs" to "three outputs". By the end of 2009, the cash flow realized by the mine has been basically equal to the investment, which is equivalent to recovering all the investment.

In 2009, Yanzhou Coal Company seized the opportunity of the international financial crisis, and invested A $3.333 billion to acquire 0/00% equity of Felix Company/KLOC, which became one of the largest acquisitions in Australian history at that time.

20 1 1 Yanzhou Coal Industry acquired the 0/00% equity of Xintaike Company/kloc-0 and the 0/00% equity of Prima Coal Mine Project for A $202.5 million and A $296.8 million respectively.

20 12 June, Yanzhou Coal Australia Company, a subsidiary of Yanzhou Coal, merged with Gloucester Company of Australia. On June 28th, the merged Yanzhou Coal Australia Company was listed on the Australian Stock Exchange, becoming the largest independent coal listed company in Australia.

As of 20 12, 12 and 3 1, Yanzhou Coal has 9 production mining areas and 6 exploration projects in Australia. The total designed coal production capacity is about 46.8 million tons/year. The total coal resources are 5.3 billion tons; It holds 27% equity of Newcastle Port and 5.6% equity of Wiggins Port, with a port quota of 26.8 million tons. 20 1 1 In September, Yanzhou Coal Company acquired the exploration license block of potash mine 19 in Saskatchewan, Canada for 260 million dollars. By the end of 20 12, 9 boreholes have been explored and constructed in two key areas, and an international mineral evaluation report has been completed in one of them. Potash resources amount to 4.73 billion tons, with stable reserves, excellent grade and good commercial development prospects. It is the best quality and largest potash mine resource obtained by China Company in Canada at present.