China's second-largest coal producer profit up 35% in '11
Updated: 2012-01-10 11:09
(Xinhua)
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BEIJING - China National Coal Group Corp, the country's second-largest coal producer, on Monday reported a 35 percent year-on-year growth in profit to 16.38 billion yuan ($2.5 billion) in 2011.
The group's coal output in the year grew 11 percent to 164 million tons, a growth it attributed to structural adjustment and management innovation.
In 2012, the company aims to produce 170 million tonnes of coal and post a profit of 17.3 billion yuan.
Meanwhile, the company will step up international cooperation and seek appropriate overseas mergers and acquisitions, it said.
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