China Energy: To Increase Coal Imports besides Improving Domestic Coal Production

SHANGHAI, Nov 2 - China Energy Investment Corporation (China Energy) said that the coal industry should ensure an orderly increase in the production of domestic coal in the fourth quarter, with mines that have fulfilled production requirements arranging production by a quarter of their annual production capacity, and mines that have failed to meet certain requirements should produce to their maximum capability.

Meanwhile, it is important to optimize the purchase and sale mechanism of foreign coal in order to increase the introduction of foreign coal and supplement the shortage of resources in China. From 1 to 22 October, China Energy’s self-produced coal output increased by 2.515 million mt or 6% year-on-year; the total power generation reached 60.25 billion kilowatt hours, up 14% year-on-year, with thermal power generation increasing by 6.75 billion kilowatt hours or 17.3% year-on-year.