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.
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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