Some listed coal companies in Shanxi province, the country’s largest coal production base, expect to see profits grow, thanks to rising coal prices resulting from the nationwide capacity reduction campaign, according to China Daily. Shanxi Lu’an Environmental Energy Development Co. Ltd. said in a public filing that it expected to make a net profit between 680 million yuan ($99 million) and 950 million yuan last year, up from 103 million yuan in 2015. Lu’an said the earnings hike was due to sharply rising coal prices in the second half of last year.
Chinese Miners Benefit From Improving Coal Prices
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