China's Shanxi closes 163 coal mines in five years

Time:2021-01-05 11:57:34      Source:Chinadaily.com.cn
Shanxi, a major coal-producing region in north China, has shut down 163 coal mines and eliminated 146.05 million tonnes of annual coal production capacity over the past five years.
 
The province closed 57 coal mines and cut 30.19 million tonnes of coal production capacity this year, according to the provincial energy bureau. The number of closures hit a record high since Shanxi started cutting outdated coal capacity in 2016.
 
The coal industry once brought prosperity to Shanxi but also led to a series of problems including resource waste by excessive mining and a sluggish economy without diverse drivers and sufficient technological innovation.
 
Following central government orders, authorities in Shanxi have been resolute in eliminating outdated capacity.
 
The province reduced 115.86 million tonnes of excess coal capacity from 2016 to 2019, one year ahead of its schedule for meeting the target of cutting 113.8 million tonnes during the 13th five-year plan period (2016-2020). The reduction amount was the largest among all provincial-level regions.
 
The province, however, developed advanced production capacity to ensure coal supply. In the first 11 months of this year, its raw coal production reached 962 million tonnes, compared to 816 million tonnes for the whole of 2016.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-17
Shuozhou 5200 435 0 FOR 06-17
Ordos 5500 415 0 ex-mine 06-17
Yulin 6200 535 0 ex-mine 06-17
Liulin Low-sulphur 560 0 ex-mine 06-17
Gujiao Low-sulphur 1095 0 FOR 06-17
Xingtai Low-sulphur 1210 0 ex-Factory 06-17
Yangquan PCI 770 0 FOR 06-17
Index RMB/t WoW WoW% Date
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