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China Coal Energy Produced 15.83mn Tons Coal in Feb

[2008-3-28]

The Chinese second largest coal producer also produced 556,000 tons of coke in the month, rising 19.3%; generated 280 million kilowatt-hours of electricity; produced 15,000 tons of electrolytic aluminum; sold 11.74 million tons of coal in the domestic market; and exported 2.14 million tons of coal.

On February 1, China Coal Energy debuted on the Shanghai Stock Exchange. It plans to put the fundraising into a 3-million-ton dimethyl ether project in Erdos, Inner Mongolia Autonomous Region, north China and a 600,000-ton alkene project in Heilongjiang Province, northeast China, which are scheduled to be put into production in 2011.

The Erdos project will generate CNY 3.035 billion after-tax profit a year after THE completion, with return on investment reaching 11.17%, and a return period of 8.51 years. China Coal Energy is to focus on coal, coal chemical, and coal mining equipment manufacture in the future.


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