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China's 90 large coal miners Jan-Oct output up 1%

sxcoal.com Production & Sales 2020-12-03 08:51:09

Raw coal output from China's 90 large miners increased 20.95 million tonnes or 1.0% from a year ago to 2.22 billion tonnes during January-October, official data showed.


The top ten coal enterprises churned out a total 1.47 billion tonnes of raw coal during the first ten months this year, rising 38.94 million tonnes from a year ago, showed data from China National Coal Association (CNCA).


The volume accounted for 47.0% of the total output produced by miners with annual revenue from their main business operations at 20 million yuan ($2.98 million) or more.


Eight of them posted output increases combined at 55.88 million tonnes during the same period, while two reported declines of 16.94 million tonnes.


Raw coal output of China Energy Investment Corporation increased 1.4% on the year to 434.78 million tonnes, and that of China National Coal Group climbed 4.5% on the year to 185.19 million tonnes during the period.


Raw coal output of Shaanxi Coal and Chemical Industry Group Co., Ltd and Datong Coal Mine Group stood at 160.88 million tonnes (10.6% YoY) and 151.83 million tonnes (3.9% YoY).


Yankuang Group and Shanxi Coking Coal Group followed with raw coal output at 133.13 million tonnes (1.4% YoY) and 90.97 million tonnes (4.5% YoY) over January-October.


Shanxi Jinneng Group produced 86.83 million tonnes of raw coal, increasing 13.1% on the year, while Shandong Energy Group churned out 85.32 million tonnes, falling 13.1%.


Lu'an Group posted a year-on-year increase of 7.3% to 72.01 million tonnes.


State Power Investment Corporation Limited produced 64.53 million tonnes in the period, down 6.0% on the year.


Operating revenue (including non-coal businesses) of the 90 miners came in at 3 trillion yuan over January-October, falling 0.1% year on year. Total profits fell 22.1% year on year to 108.5 billion yuan, data showed.


(Writing by Emma Yang  Editing by Tammy Yang)
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