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Chinese coal sector strong despite closure of 500 mines last year

Coal News - Published on Mon, 18 May 2020

Image Source: China Coal
A report issued by the China National Coal Association showed that China's coal industry registered steady development in 2019, seeing improved industrial structures along with increased demand and supply. As China promoted structural reform in the industry, the number of coal mines was further reduced to around 5,300 by the end of 2019, down from 5,800 at the end of 2018, with large modern mines becoming main coal producers in the country. More benefits were brought to the sector thanks to the integrated development of its upstream and downstream industries, with the total profits of major coal enterprises reaching 283 billion yuan. The country's coal consumption went up 1 percent year on year, while the output of raw coal and net imports of coal rose 4 percent and 6.3 percent, respectively

The Chinese National Bureau of Statistics released data showing that China has made a total of 320 million tonnes of raw coal in April, a rise of 6 percent compared to a year ago, and the expansion rate was 3.6 percent slower that the rate recorded in March. Raw coal production in China increased 1.3 percent in the starting four months of the current year since a year earlier to reach 1.15 billion tonnes.

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Posted By : Yogender Pancholi on Mon, 18 May 2020
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