HomeProduct Complimentary download China H1 coal industry profit down 67pct

China H1 coal industry profit down 67pct

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Publish time: 27th July, 2015      Source: www.cnchemicals.com
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China’s coal mining and washing industry witnessed a year-on-year slump of 67% to 20.04 billion yuan ($3.27 billion) over January-June, showed data from the National Bureau of Statistics (NBS) on July 27.During the same period, the coal mining and washing industry realized revenue of 1.26 trillion yuan, down 13% from a year ago.Total profit of the country’s entire mining industry registered a drop of 58.8% on year to 139.6 billion yuan in the first half of the year, data showed.Meanwhile, profit in ferrous and non-ferrous metal mining industry dipped 47.5% and 17.4% on year to 18.64 billion and 21.39 billion yuan, respectively.However, the power and heat generation industry saw its profit climb 17.7% from the year before to 233.88 billion yuan, attributed largely to the slump in coal prices.