Yankuang Group generates growth with global strategy

China's leading coal mining company Yankuang Group is still confident about its overseas investment, despite plunging coal prices and the continuing global economic slowdown, a senior company executive said.

"Against the backdrop of tough market conditions, we are meeting the challenges by delivering higher volumes at lower costs," Li Xiyong, general manager of the Yankuang Group, said in a recent interview with China Daily.

Despite the tough environment, the company reported an operating profit of 160 million yuan ($25.6 million) last year. Its combined coal output reached 84.2 million tons, bringing in 105.6 billion yuan.