China province to close 10 mln tonnes of coal capacity in 2020

Time:2020-03-04 10:13:43      Source:Xinhuanet.com

Southwest China's Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020, local authorities said.

In recent years, the coal-rich province has been promoting the transformation and upgrading of its coal industry by closing small and outdated mines and using more smart machinery, said the provincial energy bureau.

Local authorities have ordered the closure of small coal mines with an annual production capacity of less than 300,000 tonnes as well as larger mines whose production or construction has long been suspended.

The bureau also called for beefing up the utilization of coalbed methane to improve coal mine work safety and increase power generation from green energy.

In recent years, China has been phasing out outdated production capacity in a wide range of sectors, including coal and steel, amid efforts to promote high-quality economic growth.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
Index RMB/t WoW WoW% Date
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