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PrintChina Shenhua, the country's biggest coal miner, said on Monday its Nov. sales was down 5.2 percent from a year earlier to 18.2 million tonnes while exports remained flat at 2.2 million tonnes.
A company spokesman said Shenhua produced 15.7 million tonnes of coal in Nov., up 18.9 percent year-on-year, and the self-produced coal had been sold out. The decline came from sales of the company's purchased coal.
The company's power generation reached 6.83 billion kilowatt hours last month, up 4 percent compared with the same month last year. Sales of electricity rose 3.6 percent to 6.33 billion kwh.
Zhang Kehui, the company's chief financial officer, said on Saturday the company would definitely maintain a stable growth despite a shrinking demand amid the global financial crisis.
However, Wang Siqiang, deputy head of the energy bureau of National Development and Reform Commission, said on Sunday even though energy costs less compared to last year, companies, which are China's major energy consumers, are using less of it. –Xinhua
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