[2] The group was created in March 2011 by merging six existing coal mining companies.

[3][4] Shandong Energy and Yankuang Group merged in 2020, following a wave of mergers of state-owned companies throughout China.

In addition to the production in China, the company is developing a coal mine in British Columbia, Canada, and plans to expand to Australia, Burma, and Cambodia.

[8][9] In the Yining mining area, the companies subsidiary Xinwen Mining Group together with Australian Linc Energy has planned to develop a coal gasification project with a capacity of 2 billion cubic metres (71 billion cubic feet) of syngas per year.

[15] The company owns several coal and oil shale-fired power stations.