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0.00369738339021623 0.00369738339021623 0.00369738339021623 0.00369738339021623 0.00369738339021623 0.00369738339021623 -0.0346985210466439 -0.0346985210466439
Stock impact report

China's Top Coal Firms Lean Into Power as Mining Profits Slip [Yahoo! Finance]

CHINA SHENHUA EN UNSP/ADR (CSUAY) 
NASDAQ:AMEX Investor Relations: csec.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Istanbul Tries Free Public Transit to Help Job Seekers The Answer To Making Cities More Family-Friendly? Courtyards Is Denver's Big Bet on E-Bikes Paying Off? In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow Profits this year at miners such as China Shenhua Energy Co., the country's biggest producer, and China Coal Energy Co., have come under pressure as the market has weakened. Nationwide mining expansions of recent years have left a glut of coal, and benchmark prices have fallen nearly 8% this year while mining profits across the industry have slumped 22%. Shenhua cut coal production in the third quarter after promising earlier this year to shift investments away from mining. The firm added 305 megawatts of new generation capacity through September, the majority as solar panels. Mining costs are rising because of aging deposits that demand deeper bores and increase Show less Read more
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