MYSTEEL: China's listed coal miners post stronger H1 profits as prices offset weaker volumes

China's listed coal miners delivered stronger first half results this year compared with January-June last year, though earnings growth was driven mainly by higher coal prices and improved margins rather than increased production or sales volumes.

Mysteel Global's tracking of China's 20 major listed coal producers showed their combined net profits reached Yuan 71.9 billion ($10.6 billion) for the first six months. Seventeen of the 20 recorded year-on-year profit growth, even though around half reported declines in coal output or sales, according to interim financial