HomeProduct Complimentary download Regional de-capacity standards rolled out to tackle capacity glut

Regional de-capacity standards rolled out to tackle capacity glut

Keyword:
Publish time: 5th May, 2016      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
Relevant authorities of China’s major coal production bases released new capacity standard for local coal mines in succession, in response to the national de-capacity polity to tackle the woes of domestic coal market troubled by surplus capacity.Shandong province pledged to cut annual coal capacity of 143 local mines from the previous 170.32 million tonnes to 141.95 million tonnes, a decline of 16.7%.Of this, key provincial-owned mines will see annual capacity reduced to 95.35 million tonnes from previous 114.43 million tonnes; capacity of municipal and prefecture-owned coal mines is expected to drop to 47.16 million tonnes per year, compared with the previous 50.13 million tonnes.Also, annual capacity of eight mines under construction in the province will be cut to 6.44 million tonnes from previous 7.65 million tonnes.Meanwhile, Inner Mongolia Autonomous Region authorities rolled out new coal capacity standard based on the newly-implemented 276-workday regulation for coal miners, asking those production coal mines not owned by central government to cut capacity by 16.05% to 325.15 million tonnes per year.The Energy Administration of Guizhou province in southwestern China also required a total 709 production miners to eliminate combined coal capacity by 15.63% to 151.59 million tonnes per year, yet the coal mines owned by central government are not included.