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China National Coal's profit up 35.2% in 2011

Jan. 13, 2012 (China Knowledge) - China National Coal Group, parent company of the country's second-largest coal miner, China Coal Energy Co Ltd<601898><1898>, reaped a gross profit of RMB 16.38 billion last year, 35.2% more than that in 2010.

The group saw its operating revenue grow 19.8% year on year to RMB 115 billion in 2011.

China National Coal produced 164 million metric tons of raw coal last year, up 11.4% year on year.

In 2012, the group aims to earn RMB 17.3 billion in gross profit, realize RMB 122 billion in operating revenue, produce 170 million metric tons of raw coal and sell 172 million metric tons of commercial coal.

The group currently has 43.5 billion metric tons of coal resources under control. Coal production capacity in operation and under construction totals 258 million metric tons.

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