SHANGHAI, Jul. 19 (SMM) - The National Development & Reform Commission (NDRC) eliminated 111 million tonnes of coal capacity in the first half of 2017, or 74% of annual capacity elimination target, according to stcn.com.
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Capacity elimination pushed healthy development of the coal industry, improving business condition at the industry. Profit at domestic large coal companies was 123.4 billion yuan in the first five months of the year, a jump of 120 billion yuan on a yearly basis. Meanwhile, environment for the industry also improved.
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