Research On Way Of China’s Coal Mine Enterprises Going Abroad

As our country’s main energy, coal resource plays an important role in ourdemocratic economy, and its main energy position will not change in the future.However, the status of China’s coal mine resources modes shows the followingcharacteristics: per capita of coal resources and reserve-production ratio is in a low levelof the world; the occurrence of coal types and distribution of coal resources is not veryreasonable; bottleneck of the domestic coal mine transportation result in the supplydifficulties from high coal production area to high coal consumption area. In the trendof economic globalization, in order to respond to the country’s "go abroad" strategy andpromote the development of the coal industry, China’s coal mine enterprises haveactively carried out the overseas investment, and the implementation of "go abroad"strategy. But in the20years’ practice for "go abroad ", China’s coal mine enterpriseshave faced a lot of difficulties and failures, and the choice that the way of "go abroad"is still showing features of blindness and non-progressive. Therefore, in order to helpcoal mine enterprises to get into foreign market more successfully, it is necessary forus to analysis and research the way of "go abroad ", and draw a guiding-significantselection strategy of "go abroad" way for coal mine enterprises.Based on the Internationalization Theory, Monopolistic Advantage Theory,Internalization Advantage Theory and the Eclectic Theory of International Production,through field research and data collection, this paper statistically analyses the currentsituation of coal mine enterprises to get into foreign market, especially the status of theway and problems getting into foreign market, then draws the following conclusions:on one hand, at present the way of China’s coal mine enterprises getting into foreignmarket includes four kinds, they are project contract and labor service export, cross-border mergers and acquisitions, new built, and risky exploration; on the other hand,the selection strategy of getting into foreign market way is blindness and non-progressive. On the base of analysis include advantages, shortcomings and scope ofapplication of the current major ways (includes participation, cross-border mergers andacquisitions, new built, and risky exploration) of global mining companies getting intoforeign market, this paper carries out a guiding-significant selection strategy, which isunder the principle of that China’s coal mine enterprises should select the way gettinginto foreign market adapts to own enterprise capabilities, to diffident inventenvironment, and should learn to cooperate and control risk, China’s coal mine enterprises should choose ways in accordance with progressive international route.Wish this conclusion will be helpful for China’s coal mine enterprises.