Chinese coal output in November rises to 321 million tonnes

Friday, 06 Jan 2012

Reuters reported that China raw coal production in November rose 4.4%YoY to reach 321 million tonnes while total output in the first 11 months of the year rose 11.6% to 3.46 billion tonnes.

Industry portal SXCOAL.com said citing data from the China Coal Industry Association that of the total year to date output, that from main state-owned coal mines reached 1.77 billion tonnes up by 12.1% from the same period last year.

Following a two year consolidation of the coal sector in Shanxi province, China coal heartland and output has increased strongly as better technology boosts production efficiency. Consolidation efforts have also spread to neighboring coal producing regions such as Shaanxi and Inner Mongolia.

Under the government five year development plan, Beijing intends to consolidate its coal mining companies from around 11,000 to 4,000 firms with eight to 10 major producers expected to account for nearly two thirds of all output by 2015.

The National Bureau of Statistics does not publish monthly raw coal output figures along with other commodities.

(Sourced from Reuters)

China approves plan for state emergency coal reserve

March 28, 2011 By He Shan

The State Council, China's cabinet, has approved a program for an emergency national coal reserve, which will build up five million tons of coal this year, according to a source from the China Coal Industry Association.

The coal reserve will ensure the supply for power firms in case a major natural disaster or accident disrupts the coal supply.

Ten major coal mining companies, including Shenhua Group Corp. Ltd. and China National Coal Group Corp., have been selected to build storage facilities for coal across the country, while eight major coal shipping ports, including Qinhuangdao Port, Zhoushan Port, Guangzhou Port, Wuhan Port and Zhuhai Port will also be involved in the program.

China's business press carried the story above on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy. ( sourced:China.org.cn)

China to launch thermal coal futures in 12th five yrs

Friday, Jan 28, 2011

China is planning to launch thermal coal futures during 12th Five-Year (2011-2015), and the Zhengzhou Commodity Exchange will shoulder the responsibility, said Mr.Zhao Jialian, Secretary General of China Coal Industry Association on Jan 27 when interviewed by China Business News.

Zhao introduced that the application report has been handed in to China Securities Regulatory Commission, but declined to name the details.
According to China Business News, the coal futures proposal was postponed in 2010 due to the complex delivery issues.

Now Zhao highlighted that the futures trading of coal will be definitely realized during the 12th Five Years(sourced:Steelhome)