Home > Community > Metals & Mining > Shanxi 2010 coal yield at within 700mln t

Shanxi 2010 coal yield at within 700mln t

Published: 30 Nov 2009 18:27:06 PST

Nov. 30 MetalBiz--With the warm-up of the domestic economy, in 2010 China’s coal market will post the ongoing situation with the slow increase in supply and demand, and the basic balance between supply and demand, the wholly stable price. Based on the aforesaid points, it is judged that Shanxi Coal Industry Office stated that the total coal production in Shanxi province will be arranged for 670mln-700mln tons.

Affected by the financial crisis, coal demand in 2009 is obviously weary. Shanxi province takes the opportunity of the sliding economy and downward market to exert itself to promoting the merger and reorganization among the coal enterprises, a large number of local medium and small coal mines are halted production to consolidate. After the combination and integration, the quantity of coalfields will be reduced to 1,053 from 2,598, the number of coal enterprises is cut down to 130 from over 2,000, and small coal mines with below 300,000 tons will be phased out, and the retained mine wells will be realized machine mining.

With the practical promotion of resource integration, many mine wells restarted their production, and Shanxi’s coal output also correspondingly increases. In the first ten months, Shanxi’s coal output rose month by month, and it is expected that the coal production in the full year of 2009 will be around 620mln tons, still gliding by over 30mln tons from last year.

Head of Shanxi Coal Industry Office stated that comprehensively considering the developing trend of supply and demand market, Shanxi will restrict the coal production in 2010 within 670mln-700mln tons to ensure an increase 8% from 2009 and strive for an increase 10%; the transporting volume of railway strive for 400mln tons, rising by 50mln tons from 2009.