China Shenhua Engy CO H (CUAEF)

China Shenhua Energy Co Ltd China Shenhua Energy Co Ltd was incorporated on 8 November 2004. The Group manages its business in six reportable segments. Coal operations which produce coal from surface and underground mines, and the sale of coal to external customers and the power segment. The Group sells its coal under long-term supply contracts, which allow periodical price adjustments, and at spot market. Power operations which use coal from the coal segment and external suppliers, to generate electric power for sale. Planned power output and the excess are sold to the power grid companies at the tariff rates approved by the relevant government authorities and to power grid companies at generally lower than the tariff rates, respectively. Railway operations which provide railway transportation services to the coal operations segment and external customers. The rates of freight charges billed to the coal operations segment and external customers are consistent and do not exceed the maximum amounts approved by the relevant government authorities. Port operations which provide loading, transportation and storage services to the coal operations segment and external customers. The Group charges service fees and other expenses, which are reviewed and approved by the relevant government authorities. Shipping operations - which provide shipment transportation services to the power segment, the coal operations segment and external customers. The rates of freight charges billed to the power segment, the coal mining segment and external customers are consistent. Coal chemical operations which use coal from the coal segment to first produce methanol and further process into polyethylene and polypropylene, together with other by-products, for sale.