China's Guizhou to phase out small coal mines in 2020

Time:2020-01-19 10:32:43      Source:Xinhuanet.com

Southwest China's Guizhou Province has vowed to shut down small coal mines with an annual production of less than 300,000 tonnes in 2020, in an effort to phase out outdated mining capacity, local authorities said.

The province will also upgrade technology in other coal mines, as it pushes to upgrade the entire industry this year, authorities said at a local emergency management work meeting.

Guizhou previously halted production of coal mines with an annual production of less than 300,000 tonnes after 16 miners were killed in a coal and gas burst on Dec. 17, and ordered inspections and examinations on gas levels at larger mines.

A document on phasing out the smaller mines released afterward requires that municipal and county governments conduct technological upgrades on existing mines to improve capacity to offset the loss brought by the shutdown.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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