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Major enterprises cut coal prices, fueling wait-and-see sentiment

Five major coal enterprises in Shanxi had cut coal prices by at least CNY15/mt. These five enterprises included Shanxi Coal Imp. & Exp. Group, Lu’an Group, Shanxi Coking Coal Group, Yangquan Coal Industry Group and Jinneng Group.

01-16-2018 17:58:39

The falling supply to support coke price with environmental policies are executed

“The 13th Five Year Plan” Eco-environment Protection Plan showed the total coal consumption in Beijing, Tianjing, Hebei, Shandong and Henan will dip around 10% during the period of “the 13th Five Year Plan”.

06-14-2017 10:12:31

Coal companies add green energy use to reduce emission and cut cost

The major mining companies including the world’s coal giants are gradually increasing the use of renewable energy to cut cost and reduce carbon emission.

05-22-2017 18:04:01

NDRC takes actions to promote cutting coal prices

In March, the National Development and Reform Commission (NDRC) took measures to promote coal prices to return a rational range. Coal prices were not cut sharply, but the actions of the NDRC were intensified from the previous year.

04-18-2017 16:43:48

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

03-10-2017 17:08:14

Shanxi closes 25 coal mines and cuts coal output by 143 mln mt in 2016

In 2016, Shanxi closed 25 coal mines and cut 143 million mt of coal output, accounting for 40% of the nationwide total output cutbacks. Coal overcapacity-cutting target was finished ahead of schedule in October, 2016, and checking works of steel and coal overcapacity cuts were completed

03-10-2017 16:26:22

Ningbo Port coal imports declined for three consecutive years

Ningbo Port coal imports dropped for three consecutive years after hitting the record high of 12.92 million mt in 2013, valuing $1.192 billion, and its import volume had been surpassed by Taizhou Port, data showed from Ningbo Entry-Exit Inspection and Quarantine Bureau.

02-20-2017 17:49:08

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 pledges to cut coal emissions

China would strive to lower carbon emissions in the next five years while shouldering common but different principles, state media reported on November 8th, citing one official as said.

11-09-2016 17:18:26

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

Taiyuan Coal Gasification predicts a 30% cut in Q1-Q3 losses on higher coal prices

Taiyuan Coal Gasification estimated the other day that net losses attributable to shareholders of the listed company would hit CNY700 million-750 million in the first three quarters of 2016, sliding by 28.94%-33.68% on the year.

10-17-2016 16:25:56

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

Opencut Coal Industry sees Q1-Q3 net profits grow by 40%-70% amid coal price hikes

Net profits attributable to shareholders of the listed company were estimated to jump by 40%-70% YoY to CNY441 million-536 million over the first three quarters of 2016, Huolinhe Opencut Coal Industry Co., Ltd of Inner Mongolia (Opencut Coal Industry) said the other day.

10-12-2016 17:58:20

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

Bankrupt coal giant's cleanup to cut costs

Before Peabody can exit bankruptcy, it must first overcome a $US1 billion dispute between creditors -- including some of Wall Street's most litigious investment funds -- over claims on the coal producer's assets.

08-23-2016 10:40:46

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

Liaoning plans to cut 13.27 mln mt/yr of coal production capacity in 2016

Liaoning province plans to phase out 13.27 million mt/yr of coal production capacity in 2016, including 12 million mt/yr owned by SOEs and 1.27 million mt/yr owned by six local cities.

07-29-2016 16:36:12

Only 29% coal capacity cut target completed in H1

72.27 million mt/yr of coal production capacity was phased out in China’s 17 local regions and among relevant SOEs in the first half year, according to an on-site experience exchange meeting on coal sector overcapacity cut and development held on July 27th in Chongqing.

07-27-2016 11:31:21

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