Jincheng Anthracite Mining finds non-coal businesses profitable in H1
Thanks to its new non-coal businesses, the Jincheng Anthracite Mining Group (JAMG) realized an income of 8.83 billion yuan ($1.44 billion) in the first half of 2013, exceeding expectations at a time when the coal industry was in a recession.
JAMG has been working on an industrial transformation by looking for new development patterns in the coal industry and in non-coal businesses.
In the first half, its non-coal businesses help it weather the storm in the coal industry, with help coming from such areas as environmental protection, biomedicine, and logistics, bring both profits and even robust growth.
Edited by Zhou Yuanyuan and Roger Bradshaw
