IN BRIEF (Page 6)

China Coal sees huge loss in 2015

China Coal Energy Co posted a huge loss and shrinking revenue in 2015 as the saturated coal industry has begun to bite into corporate profitability. The Shanghai-listed mining company posted losses of 2.52 billion yuan ($390 million) last year, a sharp contrast with profits of 767 million yuan in 2014, according to its financial report. Its total revenue dropped 16.1 percent year-on-year to 59.27 billion yuan for the whole year.

ENN takes big stake in Santos