Kinetic Mines and Energy Limited provided earnings guidance for the year ended December 31, 2015. The company expected to record a consolidated net loss for the year ended 31 December 2015 as compared to a consolidated net profit for the year ended 31 December 2014, which is mainly due to, among others, the significant decrease in the price of coal in the China market during the year ended 31 December 2015 even though the Group's coal sales volume for the year ended 31 December 2015 increased by more than 30% when compared to the coal sales volume for the year ended 31 December 2014.