Coal-rich Shanxi continues to cut overcapacity, close mines

Time:2018-12-17 09:39:19      Source: xinhuanet.com
 
North China's Shanxi Province shut down 36 coal mines in 2018, cutting 23.3 million tonnes of production capacity, according to local authorities.
 
The mines have been identified as outdated ones, suffering mineral resource depletion and having safety hazards.
 
To improve its coal industrial structure and cut overcapacity, Shanxi has closed 88 coal mines and slashed nearly 70 million tonnes of outdated production capacity since 2016.
 
Meanwhile, the province has striven to increase its advanced coal production capacity. As of the end of September, the province's advanced coal production capacity has increased to 582 million tonnes, accounting for 57 percent of the provincial total.
 
According to a plan regarding the reduction and reconstruction of the coal mining industry in Shanxi, coal mines with an annual output below 600,000 tonnes will be closed by 2020.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-16
Shuozhou 5200 435 0 FOR 06-16
Ordos 5500 415 0 ex-mine 06-16
Yulin 6200 535 0 ex-mine 06-16
Liulin Low-sulphur 560 -10 ex-mine 06-16
Gujiao Low-sulphur 1095 0 FOR 06-16
Xingtai Low-sulphur 1210 0 ex-Factory 06-16
Yangquan PCI 770 0 FOR 06-16
Index RMB/t WoW WoW% Date
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