Yankuang Group, the parent of Yanzhou Coal Mining Co., is targeting 80 million tonnes coal output in 2011, growing 30 percent from 2010, the Wall Street Journal reported, citing the company’s chairman.
The increase would mainly come from its Australian mines. In Dec 2009, Yankuang purchased Australia’s Felix Resource Ltd at the cost of A$3.54 billion.
The group expects its coal output to reach 150 million tonnes in 2015, increasing 1.5 times from 60 million tonnes in 2010, chairman Wang Xin was cited as said.
Coal produced by Yankuang had stood at 40 million tonnes in last years, and surged to 60 million tonnes in 2010, thanks to increased imports from Australia, said the chairman.
(sourced:en.sxcoal.com)
The increase would mainly come from its Australian mines. In Dec 2009, Yankuang purchased Australia’s Felix Resource Ltd at the cost of A$3.54 billion.
The group expects its coal output to reach 150 million tonnes in 2015, increasing 1.5 times from 60 million tonnes in 2010, chairman Wang Xin was cited as said.
Coal produced by Yankuang had stood at 40 million tonnes in last years, and surged to 60 million tonnes in 2010, thanks to increased imports from Australia, said the chairman.
(sourced:en.sxcoal.com)
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