| Business Summary | | Yanzhou
Coal
Mining
Company
Limited
is
engaged
in
underground
mining,
preparation
and
sales
of
coal.
The
Company
currently
owns
and
operates
five
mines,
all
of
which
are
located
in
Shandong
Province.
The
primary
customers
of
the
Company
include
electric
power
plants,
metallurgical
producers
and
other
customers
located
in
Eastern
China,
which
is
generally
more
economically
developed
than
other
areas
of
China,
and
foreign
enterprises
located
in
East
Asia.
As
of
December
31,
1999,
the
in-place
proven
and
probable
reserves
of
the
Company's
five
coal
mines
totaled
an
estimated
1,931
million
tons,
of
which
688.3
million
tons
were
estimated
to
be
recoverable
by
the
Company'
s
modern
longwall
mining
methods. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Yanzhou
Coal
Mining
Company
is
engaged
in
the
underground
mining
of
prime
quality,
low-sulphur
coal
from
its
mines
for
sale
to
electric
power
plants,
metallurgical
producers
and
other
customers
located
principally
in
China
and
East
Asia.
For
the
fiscal
year
ended
12/31/00,
net
sales
rose
7%
to
RMB3.6
billion.
Net
income
according
to
U.S.
GAAP
fell
8%
to
RMB859.8
million.
Results
reflect
increased
production
and
export
sales
volumes,
offset
by
a
land
subsistence
provision. | More
from
Market Guide: Significant
Developments |
| Officers | | Zhao
Jingche,
Chmn. Yang
Deyu,
General
Manager Chen
Guangshui,
Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|