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 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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