The company also estimated its overall coal output to decrease by 10 percent

Its net profits dropped by nearly 90 percent

Thanks to the recovery of Newcastle thermal coal prices, the company expects growth

A total of 42 companies submitted bids for the coal mines

It also aims to grow its business value by billions in the next three years

Net profits for the third quarter are expected to increase

Coronavirus-related lockdowns affected its business in South Africa

The coal sector welcomes the regulation saying it would help with their investments

The financial losses brought the industry relief from increased taxes

The Australian coal miner registered a huge loss in profits

The company is now the most profitable enterprise in China’s coal industry

The company also reduced its coal output target for the current fiscal

Only 6 out of the 36 listed coal enterprises recorded annual growth

Its revenues, however, dropped due to burdened coal prices

The coronavirus-triggered drop in coal prices affected its revenues

Its revenues, however, fell due to unstable prices

The cancellation was done based on economic considerations

Weak demand and industry closures heavily affected its business

Its coal prices sharply declined due to the coronavirus pandemic

Its output in the period was 22.63 million tons of commercial coal