REFILE-Chinese Coal Miner to List Aluminium Unit

HONG KONG, (Reuters) - Yangquan Coal (Group) Co Ltd, China's thirteenth-largest coal mining firm by revenue, plans an initial public offering for its aluminium subsidiary, a company official said on Wednesday.

Yangquan was preparing a listing plan, which would boost Zhaofeng Aluminium Smelting Co Ltd's development and include injecting power plants into the subsidiary, the official at Yangquan's development department said.

He said the group had not yet decided on the size, location or timing of the Zhaofeng listing.

After details of the plan were finalised, the group would seek approval from the government of Shanxi province, which holds more than 40 percent of Yangquan, the official said.

Zhaofeng has capacity of 200,000 tonnes of primary aluminium in northern Shanxi province.

It also has capacity of 400,000 tonnes of alumina, the main raw material for aluminium production, and is building another 400,000 tonnes of capacity at the same refinery.

It mines bauxite, the ore refined into alumina, in Shanxi.

The Yangquan official also said Zhaofeng planned to build an aluminium products plant, but declined to provide a time frame or capacity.

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