China Shenhua Energy's coal sales up 10.4% in Jan-Sep

Oct. 16, 2009 (China Knowledge) - China Shenhua Energy Co Ltd<601088><1088>, the largest coal producer in the country, announced yesterday that it sold 189.6 million tons of coal in the first three quarters of this year, 10.4% more than in the same period last year.

The company exported 9.9 million tons coal during the period, said the firm in a statement filed with the Shanghai Stock Exchange.

The company's commercial coal output in the first nine months grew 15.2% year on year to 158.8 million tons.

In September, Shenhua Energy's coal sales were 23.6 million tons, up 22.3% year on year. The company's coal exports last month were 1.3 million tons, the same as in September 2008.

Shenhua Energy produced 17.3 million tons of commercial coal in September, 9.5% more than in the same period of last year.

In the first three quarter, Shenhua generated 71.95 billion kWh of electricity and sold 66.78 billion kWh of electricity, 4.8% less and 4.9% less than in the corresponding period of last year, respectively.

The coal producer is due to release its official third quarter results on Oct. 31.