Summary by Futu AI
Mines Energy Group Co., Ltd., a subsidiary holding company, Kung Coal Australia Limited, released its first quarter operating data for 2024 on 18 April 2024. Data showed that coal Australia's commodity coal production (as a share) increased by 49% from 5.9 million tonnes in the first quarter of 2023 to 8.8 million tonnes. In the same period, commodity coal sales (as a share) also increased by 41% from 5.9 million tonnes to 8.3 million tonnes. However, the average realized price (AUD/tonne) fell 48% from A$347 to A$180. Detailed operating data announcements can be found on the websites of the Australian Stock Exchange and the Hong Kong Stock Exchange Limited. The members of the Board of Directors of Mines Energy Group Co., Ltd., include seven directors, including Mr. Li Wei, and four independent non-executive directors.