12 provincial regions vow to reduce excess coal production

12 provincial regions vow to reduce excess coal production

12 provincial regions vow to reduce excess coal production

A total of 12 provincial regions have unveiled targets to cut excess coal capacity in 2017, with Shanxi, Henan and Guizhou pleading the biggest reductions, China Securities Journal reported.

Both Shanxi and Henan provinces plan to reduce coal output by 20 million tons this year, while Guizhou vows to cut production capacity by 15 million tons. The remaining regions' goals all stand below 8 million tons, the newspaper said.

China will reduce steel production capacity this year by around 50 million tons and shut down at least 150 million tons of coal production facilities, Premier Li Keqiang said Sunday in the Government Work Report at the fifth session of the 12th National People's Congress.
At the same time, the government will suspend or eliminate no less than 50 million kilowatts of coal-fired power generation capacity.

The government pledges to make more use of market- and law-based methods to address the problems of "zombie enterprises," encourage enterprise mergers, restructuring, and bankruptcy liquidations, and shut down all outdated production facilities that fail to meet standards.

In 2016, the country reduced coal capacity by 290 million tons and steel capacity by 65 million tons, said the premier.

China will face a tough year to cut coal capacity in 2017, said Jiang Zhimin, vice-head of China National Coal Association. Last year, some of the coal mines involved in capacity cut were already idle or operating at half capacity, so it's easy to achieve the goal. However, the coal mines involved this year are all running at normal capacity, said Jiang.

The country will shut down 500 million tons of coal capacity and consolidate another 500 million tons into the hands of fewer but more efficient mine operators in the next three to five years, according to a guideline issued by the State Council.

Keywords: coal storage shed
Related News
  • Beijing digs new depth in Olympic legacy

    Beijing digs new depth in Olympic legacy

    November 20, 2017BEIJING - The newly updated corridor on the glass roof of Beijing's iconic "Bird's Nest" has been open to the public which enables tourists to overlook the Chinese capital on the highest point of the ...view
  • 2017 Steel Price Forecast

    2017 Steel Price Forecast

    November 20, 2017Steel building pricing is more complicated than you might assume. Steel is a global commodity, and that means the price of steel varies on a daily basis. Prices can be influenced by several factors, i...view
  • Wuhan Iron & Steel Leaves Capital Market

    Wuhan Iron & Steel Leaves Capital Market

    November 23, 2017Wuhan Iron and Steel Co Ltd, one of the major listed State-owned steel companies in China, formally withdrew from the capital market on Tuesday.At present, Wuhan Iron and Steel and Baosteel have enter...view
  • Steel frame complete at Summers Quay

    Steel frame complete at Summers Quay

    November 23, 2017The final beam of the steel structure at Summers Quay, an £8m build-to-rent scheme featuring 67 apartments in Stalybridge, has been lifted into place.Jonathan Reynolds, MP for Stalybridge & Hyde,...view
  • ADB keeps China growth forecast unchanged at 6.7% for 2017

    ADB keeps China growth forecast unchanged at 6.7% for 2017

    November 20, 2017A technician inspects the surface of a stainless steel component at a factory of Shanxi-based Taiyuan Iron andSteel (Group) Co, which is staking its future on research and development efforts. [Photo ...view
  • Limestone Storage

    Limestone Storage

    January 26, 2018The cement manufacturing process starts from the mining of raw materials that are used in cement manufacturing, mainly limestone and clay. The limestone is excavated from open cast mines after drillin...view
  • TEL:+86 516 8595 0258
  • FAX:+86 516 8595 0278
  • Email:marketing01@cnxzlf.com
  • ADDRESS:222, Block B, Diamond International, Guozhuang Road, Xuzhou, Jiangsu, China