NE China coal producer opens new mines to boost energy supply

Time:2021-10-21 17:59:35      Source:Xinhuanet.com
Longmay Mining Holding Group Co. Ltd, the largest coal producer in northeast China's Heilongjiang Province, started to build four new mines on Wednesday in an effort to meet the rising energy demand, as winter heating season began in the northernmost province.
 
Sun Chengkun, board chairman of the company, said that the new projects in Jixi, Shuangyashan, Hegang and Qitaihe cities would add more than 4 million tonnes of annual coal production capacity.
 
Thermal power still takes up a large share of China's energy output, accounting for about 70 percent of its power generation. The heating season has added pressure to the power supply in north China.
 
The country is making all-out efforts to ensure power supply after power outages halted factory production and hit families in some regions.
 
The provincial government of Heilongjiang has approved funds worth 200 million yuan (about 31 million U.S. dollars) to assist Longmay in smart mining technical upgrading. 
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 12-02
Shuozhou 5200 680 0 FOR 12-02
Ordos 5500 700 0 ex-mine 12-02
Yulin 6200 780 0 ex-mine 12-02
Liulin Low-sulphur 1250 0 ex-mine 12-02
Gujiao Low-sulphur 2420 0 FOR 12-02
Xingtai Low-sulphur 2460 0 ex-Factory 12-02
Yangquan PCI 1890 0 FOR 12-02
Index RMB/t WoW WoW% Date
Qinhuangdao 590.0 29.0 5.17 12-01
Caofeidian 469.0 45.0 10.61 12-01
Huanghua 214.5 -18.3 -7.86 12-01
Guangzhou 243.3 -15.4 -5.95 12-01
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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