Profits for Chinese coal producers have been impressive so far this year, even though the government is sidelining capacity, state media reported. The official Xinhua News Agency reported that, of the 37 coal producers listed in the Shenzhen Stock Exchange, more than half estimated that profits during the first half of 2017 at least doubled from last year. The nation’s largest coal miner, China Shenhua Energy Co., reported profits for the first half of the year at $3.6 billion, a 147 percent improvement over last year. Xinhua attributed the gains to higher coal prices, but noted the nation’s economy is moving away from the resource. “About 111 million tons of capacity was forced out of the market in the first half of this […]