Coal mine project approved in NW China with 4 bln yuan investment

Time:2019-10-15 10:37:38      Source: xinhuanet.com
China's energy watchdog has approved a coal mine project in Shaanxi Province, with a total investment of 4 billion yuan (565.77 million U.S. dollars).
 
The Xizhuo coal mine project in the Chenghe mining area will be located in Heyang County in the city of Weinan, according to the State Energy Administration.
 
The coal mine's annual production capacity will be 3 million tonnes.
 
The production capacity is made possible under a coal production capacity exchange scheme, which is part of China's efforts to boost energy structure transformation.
 
Coal imports increased 9.5 percent year on year to 251 million tonnes in the first nine months of this year, data from the General Administration of Customs showed Monday.
 
Domestic coal output reached 3.68 billion tonnes in 2018, according to data from the National Coal Mine Safety Administration.
 
Coal accounts for a major part of China's energy consumption. As the country pushes green development and copes with climate change, authorities have been promoting clean energy and cut over-reliance on coal.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
Index RMB/t WoW WoW% Date
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