Despite hardships and headwinds due to the outbreak of COVID-19 in China, Huadian Coal Industry under China Huadian Corporation has achieved encouraging results in the first half of 2020, according to news on China Huadian Corporation website.
The total profit of Huadian Coal is estimated to reach 1.7 billion yuan ($240.73 million) in January-June, rising by 314 million yuan or 23% from the year prior.
Huadian Coal mined over 29 million tonnes of coal in the first half of 2020, an increase of 29% year on year, having completed semi-annual production guidance 18 days in advance.
Meanwhile, its full cost per tonne of coal production declined by 17% from a year ago. The direct production cost was 38.72 yuan/t, 6.15 yuan/t lower from the target in the company's annual budget.
The company's Xiaojiawa mine has obtained an 8Mtpa mining license and Tianshuibao #2 mine has been approved for trial-run production.
(Writing by Shengnan Liu Editing by Jessie Jia)
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