China's largest thermal coal producer Shenhua is targeting exports of 3 million mt in 2016 -- representing a 150% increase on the company's total exports of 1.2 million mt in 2015, a source close to the company said Wednesday.
The target also marks a sharp turnaround in Shenhua's export performance.
Shenhua's coal exports tonnage declined by 25% in 2015 from 1.6 million mt in 2014, according to the company in an operating report January 22.
Shenhua's main export customers are in Japan and South Korea.
The Chinese coal producer traded 2.6 million mt of thermal coal in the seaborne market last year, said the source.
