China's coal hub Shanxi continues to slash overcapacity, close mines

Time:2020-07-24 10:26:05      Source:Xinhuanet.com

Shanxi Province, a major coal producer in China, is expected to close 32 coal mines and cut more than 20 million tonnes of overcapacity this year, local authorities said.

Shanxi required companies to shut down the coal mines before the end of October, make proper arrangement for employees, and restore the environment, according to a notification released by the provincial government.

To improve its industrial structure and pursue greener growth, Shanxi had phased out nearly 116 million tonnes of coal production capacity and shut down 106 coal mines by the end of 2019, official statistics showed.

Currently, the province has more than 950 coal mines.

It will speed up efforts to promote coal mining in a more intelligent way. The province aims to implement intelligent mining in all coal mines by 2030.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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