China Qinfa (HKG:0866) Q1 coal handling, trading volume up 33%


China Qinfa Group (HKG:0866) announced the group’s unaudited key operational data for the three months ended 31 March 2012, among which, coal handling and trading volume amounted to 3.812 million tonnes, 32.9% up on year while average coal selling price was RMB507 per tonne, 17% down on year.

The decrease in the average coal selling price of the group was due to the sale of the clean coal produced by Huameiao Energy at mine-mouth price, which is lower than the average selling price of coal trading, and the general decline in market selling price of coal during the period.

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