Study On The Location Choice Of Transnational Investment For Chinese Large State-owned Coal Enterprises

China is the world’s largest coal producer and consumer. Coal output and consumption accounted for nearly 50% of all over the world, the national coal industry workers, more than 600, ten thousand people. Since 2012, the coal industry economic decline, so far, entered the depth adjustment. If we say the coal industry to become relics is too early, according to the international energy agency study, no matter how efforts of countries all over the world on the policy, in 2030, the global demand for coal will not less than 2009 years, the world’s consumption of 6.7 billion tons of coal. Some of the emerging developing countries such as India, Vietnam and other countries of the coal demand will continue to grow, China’s coal overcapacity in the short term and long-term reserves the contradiction between the shortage will exist for a long time. Chinese president Xi Jinpingsaid:"Coal is the basic energy of China, we should use coal well, the point ismaking good plan for coal industry, developing coal industry well and make sure of the coal clean utilization". As the world economic integration accelerate, the global unified market pattern forms gradually. In high view of the development of coal industry, we should make China’s coal industry in the global layout, make full use of the "two markets and two resources" at home and abroad.Rio tinto group and other famous mining companies in the world are multinational companies, business areas cover all continents in the world, some enterprises operating overseas business profitability than at home. Compared with the layout of large coal enterprises internationalization in our country is slow, the international market share is low, large, but not strong. The most important thing for coal enterprises who are preparing international operation is" where to go?"This article selects 37state-owned large-scale coal enterprise groups who were direct management by the Pre-Ministry of the Coal Industry (has been revoked in 1998). After the restructuring, merger and reorganization, they are getting stronger. The production of 37 companies accounted for 58% of the total output of raw coal, accounted for 81.87% of the total output of large-scale coal enterprise groups; Main business income accounted for 95.81% of the national large-scale coal enterprise. They have ability to invest oversea and be main body of the coal enterprises in our country.According to the location choice theory and literature research and the reality of our country, this article determine 6 factors impacted coal enterprise multinational investment location choice, resources endowment, geographic distance, economic environment, the human cost, policy environment, the rule of law, also determine the United States, Russia, Australia, Canada, India, Vietnam, Indonesia, Mongolia, Kazakhstan for a possible investment destination.It use the form of questionnaire survey in 37 state-owned large-scale coal enterprise, toknow the weights of evaluation factors of 6 location choice. Adopt fuzzy mathematical evaluation method and combining with calculation and analysis survey weight, will eventually rank the 9 countries. Out of order:Australia to Russia to the United States, Canada, India, Vietnam, Mongolia, Kazakhstan and Indonesia. At the end of the paper will introduce Yanzhou Minning group’sinvestment in Australian coal market as an example for empirical study, sum up experience.