China National Coal to Focus on Coal Mining

Friday, 10 June 2011 17:28

China National Coal Group Corp. plans to focus on its coal-mining business, moving away from less profitable businesses such as coal liquefaction. China’s second-largest coal-mining firm will inject 140 billion yuan (1.8 trillion yen) into its coal-mining business over the next five years, expediting the exploitation of vast coal mines in Inner Mongolia and Australia in a bid to double sales by 2015, The Nikkei reported.