China to create 12 super-large coal firms with capacity over 100 million mt

Tuesday, 29 November 2011

According to new guidelines issued by the China National Coal Association (CNCA) for China's 12th five-year plan period, by the end of the period the number of large-scale coal enterprises in China is to be reduced to 4,000, including 12 super-large coal enterprises with annual output capacity above 100 million mt and a further 16 super-large coal enterprises with annual output capacity between 50 million mt and 100 million mt.

Meanwhile, according to the guidelines, the overall number of coal mines in China is to be kept below 10,000.

Tags: coking coal , raw mat , China , Far East , production , mining , East Asia and Pacific
Sourced:SteelOrbis

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 Coal sees coal output at 154 Mt last yr

Jan 27, 2011

China National Coal Group Corp, the second largest producer of the fuel, posted a year-on-year increase of 28.65 million tonnes or 22.9 percent in coal output to 154 million tonnes in 2010, 1.1 times more than that of 2005, the company said in a statement.
China Coal traded a total of 140 million tonnes coal in 2010, representing a year-on-year increase of 28.8 percent or 31.33 million tonnes, which is the highest growth in the five years from 2005 to 2010, the company said.

China Coal realized 96.4 billion yuan of operating revenue, growing 37.4 percent or 26.3 billion yuan year on year.
In addition, the company’s profit increased 15.6 percent or 1.63 billion yuan on year to 12.1 billion yuan, hitting a new high.(sourced:en.sxcoal.com)