China’s biggest coal firm set to boost exports

  • Business
  • Wednesday, 30 Mar 2016

HONG KONG: China Shenhua Energy Co may boost coal exports as much as eight-fold as weakening domestic demand and stricter environmental rules force the company to look to overseas buyers.

The country’s biggest producer of the fuel may export 5 million to 10 million tonness of high-quality thermal coal this year to Japan and South Korea, according to vice-chairman Ling Wen. The company shipped 1.2 million tonnes last year, according to its annual report. It’s also considering entering the nuclear power business and expanding non-coal cargo over its railways as it seeks new ways to generate profit.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Coal , China


Next In Business News

Perodua eyes 20% EVs sales by 2030
IGB’s net profit up 21% to RM58mil in 3Q
FBM KLCI ends flat as investors turn cautious
Panda bonds to help RMB expand footprint
MKH receives shareholders’ nod for Main Market listing of subsidiary
Rolls-Royce aims for huge jump in civil aerospace profitability
Asian stocks subdued as traders brace for inflation data
PBOC governor says monetary stance to stay accommodative, inflation expected to pick up
Oil prices rise on weak dollar, expectations for OPEC+ output cuts
Malaysia records RM239.5 bil total trade in Oct 2023 - DoSM

Others Also Read