Yanzhou Coal Mining Company Limited: Overseas Acquisitions (A)

Author(s):  
F. McFarlan ◽  
Yongjun Jin ◽  
Xiaohui Li

Singareni Collieries Company Limited (SCCL) is the second largest coal mining company in India after Coal India Limited (CIL) with a total man power of 56,282 during 2016-17. It is a public sector coal mining company jointly owned by Telangana State Government (51 Percent share capital) and the Government of India (49 percent share capital). The company’s accredited function is to explore and exploit coal deposits in the Godavari Valley coal field area covering the four districts of Telangana State namely Adilabad, Karimnagar, Khammam and Warangal. The company markets its coal to diverse industries such as thermal power plants, cement, steel, paper, textiles, tobacco, ceramics, pharmaceuticals, distilleries etc. With spurt in industrial growth and the resultant increase in demand for electricity, the company has been playing a key role in the growth and development of the nation. Further, the new Electricity Act providing opportunities for independent power production and distribution, the demand for coal has increased phenomenally. In short, the demand for its coal is more than what it can supply to the market. Hence the company has to take measures to increase its coal production and productivity, which in turn to a large extent depends upon positive organizational culture. In a dynamic and changing environment, culture’s flexibility, adaptiveness and responsiveness create organizational capabilities. Organizational culture plays a vital role in the survival and success of organizations. Hence, the present article focuses on the perception of employees of SCCL on the Organizational Culture that is prevailing and whether the present Organizational culture is conducive to the productive performance or not. Certain Statistical tools like Chi-Square test, ANOVA and T-test have been applied to validate the perception of employees.


Author(s):  
Kai Erikson

This chapter focuses on the Buffalo Creek flood in West Virginia that occurred on February 26, 1972. Almost everyone along Buffalo Creek depended on coal mining for a living. The creek is formed by three narrow forks meeting at the top of the hollow. The middle of these forks, known as Middle Fork, had been for many years the site of an enormous bank of mine waste. The waste was there because it solved two important disposal problems for the Buffalo Mining Company. This chapter describes the events that led to the Buffalo Creek disaster and its aftermath. It also considers the individual and collective trauma caused by the flood. Finally, it presents the story of a survivor named “Wilbur.”


2016 ◽  
Vol 14 (2) ◽  
pp. 323
Author(s):  
Mansyur -

European Industrial Revolution in the eighteenth century brought great changes not only in Europe itself but also in other parts of the world including Indonesia which was used to be a country of Dutch colony. The invention of steam-powered ships triggered the Dutch to use steam-powered vessels as the alteration of yachts, wind-powered ships, in the 19th century. At the beginning, the steam-powered ships used rotating wheels in the left and right side; however, the ships finally used ordinary windmills or propellers. The decrease and the lack of this production was getting worsened the competition of other producer countries in world market and the unstable coal market and in crisis year in 1930, Pulau Laut Mining Company production dropped so that it was closed down in the same year.


2016 ◽  
Vol 13 (1) ◽  
pp. 42
Author(s):  
Siti Nur Zahroh

This research was motivated by the increasing value of the production and consumption of coal from year to year, but is not offset by an increase in new investment in this sector. Each selection of investment decisions certainly linked to the degree of risk and benefit ratio, in order to know how much future investment results that will be obtained with the level of risk to a minimum. The purpose of this study was to measure the level of risk and benefit ratio of shares in a coal mining company listed on the Stock Exchange during the study period 2010-2014. Calculation of the level of risk in this study was measured by VaR (Value at Risk) and the profit rate is measured with RAROC (Risk Adjusted Return on Capital). The results of this study indicate that the coal mining stocks are a potential value loss (high risk low return). The highest VaR value during the study period experienced by PKPK of 0.64300 or 64.30% in 2010. The market value of the highest RAROC during the observation period by ITMG in 2010 amounted to 0.4304 or 43%.


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