China Targets Annual Coal Production Capacity of 4.1 Bln Tonnes by 2015 -Shanghai Metals Market

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China Targets Annual Coal Production Capacity of 4.1 Bln Tonnes by 2015

Industry News 09:29:56AM Mar 23, 2012 Source:SMM

BEIJING, March 22 (Xinhua) -- China aims to boost its coal production capacity to 4.1 billion tonnes annually by 2015, the National Energy Administration (NEA) said on Thursday.

The country plans to form 10 coal companies with an annual capacity of 100 million tonnes each, and another 10 with a capacity of 50 million tonnes each by 2015, according to a coal industry development plan for the 2011-2015 period released by the NEA.

The 20 companies are expected to account for over 60 percent of the nation's total coal output, the NEA said.

Annual coal output will be controlled at around 3.9 billion tonnes during the period, according to the plan.

The NEA said it will "rationally control" the scale of coal production, adding that it will slow down construction in central China regions and place more emphasis on west China.

Added projects in the Inner Mongolia, Ningxia and Xinjiang autonomous regions, as well as the provinces of Shaanxi, Shanxi and Gansu, will account for 87 percent of the country's new coal projects, the NEA said.

Meanwhile, China will continue to pursue mergers and acquisitions in the industry to eliminate outdated production facilities.

It plans to cap the number of coal enterprises within 4,000 and to lift the average production scale to more than 1 million tonnes per year, according to the NEA.

 

Key Words:  NEA  coal  coal output 

China Targets Annual Coal Production Capacity of 4.1 Bln Tonnes by 2015

Industry News 09:29:56AM Mar 23, 2012 Source:SMM

BEIJING, March 22 (Xinhua) -- China aims to boost its coal production capacity to 4.1 billion tonnes annually by 2015, the National Energy Administration (NEA) said on Thursday.

The country plans to form 10 coal companies with an annual capacity of 100 million tonnes each, and another 10 with a capacity of 50 million tonnes each by 2015, according to a coal industry development plan for the 2011-2015 period released by the NEA.

The 20 companies are expected to account for over 60 percent of the nation's total coal output, the NEA said.

Annual coal output will be controlled at around 3.9 billion tonnes during the period, according to the plan.

The NEA said it will "rationally control" the scale of coal production, adding that it will slow down construction in central China regions and place more emphasis on west China.

Added projects in the Inner Mongolia, Ningxia and Xinjiang autonomous regions, as well as the provinces of Shaanxi, Shanxi and Gansu, will account for 87 percent of the country's new coal projects, the NEA said.

Meanwhile, China will continue to pursue mergers and acquisitions in the industry to eliminate outdated production facilities.

It plans to cap the number of coal enterprises within 4,000 and to lift the average production scale to more than 1 million tonnes per year, according to the NEA.

 

Key Words:  NEA  coal  coal output