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NDRC: China completes 65% and 84.8% of coal and steel 2017 de-capacity target

The National Development and Reform Committee (NDRC) disclosed on June 15th, by end-May, China has cut crude steel capacity 42.39 million mt, finalizing 84.8% of annual target; 97 million mt of coal capacity had been eliminated, completing 65% of the annual target.

06-16-2017 17:34:55

NEA: 150 mln mt of coal production capacity to be eliminated in 2017

On June 13th, the National Energy Administration (NEA) declared supply-side structural reform of energy should be promoted strongly. The key is to cut coal capacity and pay more attention to the excess capacity risk

06-14-2017 09:58:42

Shanxi: 70 mln mt of new capacity to replace 17.4 mln mt of old capacity in 2017

As China’s major coal province, Shanxi will increase the advanced capacity of 70,000 million mt while slashing outdated capacity of 17.4 million mt in 2017 after ranked first in terms of cutting capacity in 2016.

05-24-2017 09:48:03

Steam coal market downtrend will continue amid capacity release

In May, with the cancel of the 276 working-day rule, coal mines capacity in the main producing areas of steam coal released gradually, especially in Inner Mongolia and Shaanxi, coal supply kept loose; domestic steam coal market downtrend remained unchanged

05-11-2017 18:03:29

NDRC: Coal capacity cuts to be attainable; coal price rally is unlikely

03-10-2017 17:08:14

Li Keqiang: China to eliminate coal capacity by 150 mln mt in 2017

On March 5th, Premier Li Keqiang said in the government work report China would cut steel capacity by 50 million mt and eliminate more than 150 million mt of coal capacity in 2017.

03-09-2017 08:39:07

47 coal mines found to have completed capacity reduction target in Shandong

An official team set up to inspect coal overcapacity reduction progress in Shandong found that the 47 coal mines under the latest monitoring in the province had achieved their capacity reduction targets, removing a total of 12.29 million mt/yr production capacity, as reported on December 5th.

12-08-2016 13:54:19

Shanxi to cut 110 mln mt/yr coal-making capacity in five years

The State-owned Assets Supervision and Administration Commission of Shanxi Provincial Government said on November 30th that Shanxi would eliminate 17% or 110 million mt/yr coal production capacity and resettle about 110,000 laid-off workers in the next five years.

11-30-2016 17:22:52

China Coal fulfills annual capacity reduction target of 6.45 mln mt/yr

The company has insisted in implementing the government’s capacity cut tasks, having completed all related equipment dismantling, mine-mouth closure, water disruption and electricity outage.

11-15-2016 16:25:15

NDRC: 2016 steel & coal capacity cut targets likely to be achieved beforehand

China steel and coal sectors are expected to complete their capacity cut goals in October and November respectively, Xu Kunlin, deputy secretary general with the National Development and Reform Commission (NDRC) said at a news briefing on October 25th.

10-25-2016 15:57:01

Advanced coal capacity to account for over 40% in the 13th five year plan period

During the 13th five year plan period,14 coal production bases each with hundred million mt/yr of capacity will hold about 95% of China’s total coal capacity, the number of coal mines will be capped at about 6,000 and advanced capacity will take up about 40% of the total.

10-19-2016 10:10:03

NEA: China's social electricity usage grows by 6.9% YoY to 496.5 bln KWH in September

According to the National Energy Administration (NEA), China’s social electricity consumption amounted to 496.5 billion KWH in September 2016, with a yearly growth of 6.9%.

10-18-2016 15:28:50

Seven provinces joint to help Xinjiang tackle electricity overcapacity problems

Seven provinces including Jiangsu, Beijng and Tianjin have actually received 1.5 billion KWH electricity from Xinjiang, in an effort to help the latter to combat electricity oversupply problems.

10-17-2016 18:06:54

Shanxi allocates CNY947.78 mln special fund to support six large coal firms' capacity cuts

The Shanxi Provincial Department of Finance allocated CNY947.78 million 2016 industrial enterprise restructuring special fund to six coal majors including Datong Coal Mine Group and Shanxi Coking Coal Group to support their overcapacity cut campaign the other day.

10-13-2016 14:08:21

About 40% steam coal mining capacity incurs losses nationwide in August

43.4% of steam coal mining capacity under monitoring was in the red in August, dropping by 18 percentage points from that in July, while about 60% coking coal mining capacity made a loss in the month, down by 19 percentage points from last month.

09-29-2016 14:59:20

Shenhua Group has completely achieved capacity cut plan for 2016

Year to date, Shenghua Group has shut down five coal mines.

09-14-2016 16:44:39

Heilongjiang plans to cut 9.38 mln/yr coal capacity via shutting 13 mines in 2016

The Heilongjiang Development and Reform Commission released a list of coal mines required to cut overcapacity in 2016.

09-14-2016 16:15:04

Inner Mongolia to cut coal capacity by 54.14 mln mt/yr in 13th five year plan period

Inner Mongolia plans to weed out 65 coal mines or 54.14 million mt/yr coal production capacity during the 13th five year plan period.

08-24-2016 10:24:34

Hebei's coal overcapacity shutdown plan in 2016

Hebei province decided to close 56 coal mines or 14.58 million mt/yr coal production capacity in 2016.

08-22-2016 15:53:47

China has allocated CNY30.7 bln of its CNY100 bln fund for capacity cuts

China has distributed CNY30.7 billion to local governments and enterprises for capacity reduction, and oversight should be intensified over how the capital is used.

08-22-2016 14:55:18

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