Kinetic Development Advances Yong’an Coal Mine Toward Full Production

Kinetic Mines & Energy Ltd. ( (HK:1277) ) just unveiled an announcement.

Kinetic Development Group has invested about RMB4.6 billion from accumulated profits in acquiring Ningxia Kinetic Mining and constructing the Yong’an and Weiyi coal mines, including RMB3.122 billion for acquisition and about RMB1.5 billion for mine construction. The Yong’an Coal Mine holds around 224 million tonnes of coal resources, with designed annual capacity of 1.2 million tonnes using a dual-seam, fully mechanised underground mining model.

The Yong’an mine entered joint trial operations in November 2024, with the lower coal group systems running normally and development of the upper coal mining area nearing key milestones. The company plans to produce about 500,000 tonnes of raw coal from the lower seam in 2026 and ramp up to full designed capacity of 1.2 million tonnes in 2027, marking a transition from construction to formal production and potentially strengthening its position in the coking coal market.

The most recent analyst rating on (HK:1277) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Kinetic Mines & Energy Ltd. stock, see the HK:1277 Stock Forecast page.

More about Kinetic Mines & Energy Ltd.

Kinetic Development Group Limited is a coal mining and energy company incorporated in the Cayman Islands and listed in Hong Kong. Through its subsidiary Ningxia Kinetic Mining in the Ningxia Hui Autonomous Region, the group focuses on developing underground coal mines producing fat coal and high-quality coking coal for coking, blending, power generation and coal liquefaction markets.

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Technical Sentiment Signal: Buy

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