Shenhua raises its 2011 sales forecast
By Farah Master and Alison Lui | China Daily | Updated: 2011-03-29 07:52
HONG KONG - China Shenhua Energy Co Ltd, China's largest coal producer, expects to sell 360 to 370 million tons of coal in 2011, up from its previous forecast of 350 million tons, its chairman said.
Zhang Xiwu gave the forecast during a news conference on Monday after announcing full-year results.
Like peers Yanzhou Coal Mining Co Ltd and China Coal Energy Co Ltd, Shenhua will likely benefit from higher global coal prices after Japan's earthquake and tsunami raised concern over the use of nuclear energy.
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