Winsway Coking Coal (01733) said its unaudited total
sales of coal for the first six months of this year were about 5.5 million tonnes, an
increase of 26.68% over the same period of 2010.
During the first half of 2011, Winsway procured a total of 5.46 million tonnes of coal,
up 25.15% from a year earlier.
Inner Mongolia Huayuan Logistics, a joint venture established by Winsway's wholly-owned
subsidiary Inner Mongolia Haotong Energy Joint Stock with Inner Mongolia Hutie Investment
Development Centre, a subsidiary of Hohhot Railway Bureau and 13 other shareholders, has
committed to purchase 3,300 C70-type rail trucks for the transportation of coal and
mineral products to and from Inner Mongolia Autonomous Region. Winsway expects that annual
railway transportation capacity of the company attributable to the purchase of rail trucks
will increase by about 1.2 million tonnes.
In order to utilise the railway logistics centres and broaden the coal sources for coal
processing, Winsway decided to accelerate the construction of coal processing plant at
Jining. Hence, it is expected that the completion of the Phase IV coal processing plant at
Urad Zhongqi, which was scheduled to be completed by the end of 2011, will have a short
delay.
The construction of the coal processing plants at Jining and Bayuquan port was completed
and commenced operation, while the construction of the coal processing plant at Longkou
port is in the final stage. Each of these three processing plants has an annual coal
processing capacity of 4 million tonnes. (HL)