The coal mining industry in China has been undergoing an intense consolidation process, with many small inefficient businesses closing down, allowing the number of large coal enterprises to increase. Due to their extensive operating scale and big market shares, SOEs are the sector’s main revenue generators. In 2017, the country’s top five coal producers generated over 22% of the total revenue of the coal mining sector, up from the 15% share in 2016. The government industry reforms envisage further consolidation of China’s mining sector, which is likely to increase the M&A activity in the sector. In order to boost their profits across the value chain, coal producers are expected to further expand their presence in segments such as syngas, olefins and liquid fuels, as well as in the coal-tooil conversion.

01 EXECUTIVE SUMMARY

02 SECTOR OUTLOOK

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT

07 COKE