China Energy Corporation a leading Inner Mongolia producer and processor of raw coal for domestic heating, electrical generation, and coking purposes for steel production in China, with operations in coal trading and heat and power supply, announced on Jun 26 that it anticipates reporting between $17 million and $18 million in net income for its fiscal year ending November 30, 2010.

This would represent at least a 233% increase in net income as compared to the 2009 fiscal year.

Management anticipates sales of its Coal Group, which includes coal mining and sales as well as coal trading, will represent approximately 80% to 90% of revenues during 2010.

The Company expects to produce an aggregate of approximately 800,000 tonnes of coal for the fiscal year ending November 30, 2010. China Energy produced approximately 156,000 tonnes of coal in the first quarter of 2010 with an average sales price of $37 per tonne.