Shanxi Coking Coal production and sales both set record highs

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

8 Feb 2010

Shanxi Coking Coal Group kept good development momentum in 2009 and the main economic index set record highs. The raw coal production achieved 80.7884mln tons, up 497,400 tons or 0.62%; the fine coal output was 34.76mln tons, which finished 107.28% of original plan. The company made sales revenue of 75.65bln yuan, up 3.852bln yuan or 5.37% and the tax payment is expected to reach 15bln yuan, which is equal to last year's. In all provincial enterprises of Shanxi, the sales revenue of Shanxi Coking Coal ranks the second place in 2009, the production of raw coal and fine coal as well as tax payment takes the first place.
As the types of coking coal, Shanxi Coking Coal suffered largest impact of provincial enterprises in the financial crisis. In November of 2008, coking coal price fell by 30% at a time and in early 2009, there were many unfavorable situations of decreasing market demand as well as bad returned money. Shanxi Coking Coal actively coped with these bad factors and achieved continued stable production. 
In 2009, Shanxi Coking Coal actively promoted resource integration. It integrated coal mines of 170 units and added coal reserve of 6.99bln tons. In 2010, the company targets for outputting raw coal over 100mln tons and achieving sale revenue of more than 100bln yuan.

Source: MetalBiz