Coal miner ups profit estimate amid high coal prices

Yanzhou Coal Mining Co (600188.SH) revised its first-half net profit growth estimate upwards to 220% year-on-year, the Securities Times reported. In its first-quarter financial statement it estimated that its first-half net profit would climb just 100% year-on-year to US$162.66 million (RMB1.11 billion). The jump in the estimate is due largely to rising coal prices since the second quarter.