ChinaCoal to launch 15 coal mines to add 54.7 million tonne
Economic Times reported that state owned China National Coal Group Corp, or ChinaCoal, expects to launch 15 coal mines with total capacity of 54.7 million tonnes in 2018. Coal mines will be in Inner Mongolia, Shanxi and Shaanxi regions of northwestern China.
The company has ordered 23 of its coal mines to keep production open during the upcoming Lunar New Year holiday, adding an average of 50,000 tonnes of daily output compared to the holiday last year.
China Coal also said it will not hike physical coal prices before early March to ensure coal supplies.
Moves came after utilities warned of tight coal supplies amid soaring coal prices and heavy snow storm across the country
Last week, China's No.2 coal producing province Shanxi asked coal miners to shorten or cancel Lunar New Year holiday.
The company has ordered 23 of its coal mines to keep production open during the upcoming Lunar New Year holiday, adding an average of 50,000 tonnes of daily output compared to the holiday last year.
China Coal also said it will not hike physical coal prices before early March to ensure coal supplies.
Moves came after utilities warned of tight coal supplies amid soaring coal prices and heavy snow storm across the country
Last week, China's No.2 coal producing province Shanxi asked coal miners to shorten or cancel Lunar New Year holiday.
Posted By : Nanda Koijam on Thu, 08 Feb 2018