Shanghai-listed China Coal Energy Company saw its commercial coal output soar by 38.1% on year to 24.6 million tonnes over this year’s January-March quarter, according to its latest quarterly report released on April 24. The surge in production resulted from the company’s ramp-up of new coal capacity, which it undertook despite thermal coal prices being lower during the quarter, it said.
News Source: Mysteel
Specifically, the company’s thermal coal output surged 38.5% on year to 21.6 million tonnes during January-March, while its output of coking coal rose by 35.4% on year to 3 million tonnes, the report noted. “In fact, growth in our coal output started picking up from last year, when we started to boost output from the Muduchaideng