Huadian Mining achieves its output targets for 2011

Jilin Province-based Chinese steelmaker Shougang Tonggang Group, a subsidiary of Shougang Group, has announced that one of its mining divisions, Huadian Mining Co., has achieved its production targets for 2011.

 

In 2011, Huadian Mining Co.’s iron ore output totaled 2.4247 million mt, equivalent to 104.06 percent of its target for the year, while its output of 66.12 percent fine ore reached 702,600 mt, equivalent to 100.09 percent of the annual target. Huadian Mining Co.’s net profit in 2011 reached RMB 183 million ($28.91 million).

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