Shandong-based Chinese iron ore miner Jinling Mining Co. has issued its financial results for the first half of the current year.
Accordingly, in the first half Jinling Mining recorded an operating revenue of RMB 672 million ($109.76 million), up 1.48 percent, and a net profit of RMB 88.3 million ($14.42 million), down 32.61 percent, both year on year.
In the period in question, the company produced 670,000 mt of iron ore concentrate and 58,300 mt of iron ore pellets. Jinling Mining also stated that its annual production capacities for iron ore and iron ore concentrate have reached 1.8 million mt and 1.2 million mt, respectively.
Source:
http://www.steelorbis.com/steel-news/latest-news/jinling-mining-sees-3261-percent-fall-in-net-profit-in-h1-777976.htm
