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China Shenhua to double output

China Shenhua to double output
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First Published: Mon, Aug 10 2009. 04 38 PM IST
Updated: Mon, Aug 10 2009. 04 38 PM IST
Hong kong: China Shenhua Energy Co., the country’s top coal miner, plans to spend 30 billion yuan ($4.39 billion) to double its annual output to 400 million tonnes by 2015, a senior executive said on Monday.
China’s economic growth is more stable now, which is helping to boost demand for coal, said the company’s board secretary Huang Qing in a telephone interview.
“The operating environment in the second half will be better than the first half and our output and sales this year will certainly beat our original targets,” he said.
Shenhua had previously said it was aiming produce 197 million tonnes this year, up 6% from 2008, with sales of 220 million tonnes, down 5.5%.
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First Published: Mon, Aug 10 2009. 04 38 PM IST