Shanxi Coal & Electricity Power Co Ltd announced on August 6 that it had agreed with Shougang Jingtang Iron and Steel Complex Co Ltd to set up Tangshan Shougang Jingtang Shanxi Coking Co Ltd with an equally shared registered capital of two billion yuan. Shougang Jingtang is a Tangshan based steel producer jointly owned by Shougang Group for 51 percent and by Tangshan Iron and Steel Group for 49 percent. Xishan Coal & Electricity Power produced 8.68 million tons of crude coal in the first half of this year, up 8.8 percent and had a net profit of 1.30 billion yuan, up 5.57 percent.