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China Coal Energy's commercial coal output up 11.5% in Dec

Jan. 16, 2012 (China Knowledge) - China Coal Energy Co Ltd<601898><1898>, the country's second-largest coal miner by revenue, produced 8.65 million metric tons of commercial coal in December last year, reflecting a year-on-year increase of 11.5%, according to a statement filed with the Shanghai Stock Exchange, sources reported.

The company sold 12.47 million metric tons of coal in December, representing a robust year-on-year increase of 42%.

In the whole of 2011, China Coal Energy produced 102.79 million metric tons of commercial coal, 8.9% more than that in the previous year.

The company's coal sales reached 133 million metric tons, increasing 13.8% from 2010.

China Coal Energy said earlier it expected its net profit to surged 36.09% year on year to RMB 10.30 billion in 2011.

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