Coal news and updates

China 52 coal firms output exceeding 10 mt in 2014

There were 52 coal firms produced over 10 million tonnes of the fossil fuel in 2014, accounting for 83.4% of the country’s total output, the China National Coal Association (CNCA) said on its website on September 18.

Nine out of the 52 coal firms produced over 100 million tonnes of coal last year, with the top three being of Shenhua Group, China National Coal Group and Datong Coal Mine Group, producing 473.51 million, 183.04 million and 167.54 million tonnes of coal, respectively.

Seven coal firms, including Shanxi Lu'an Mining Group, Kailuan Group, Yangquan Coal Industry Group realized output between 50 million and 100 million tonnes, showed the list published by CNCA.

Coal-rich Shanxi province had six coal firms that produced more than 50 million tonnes of coal last year -- Datong Coal Mine Group, Shanxi Coking Coal Group, Lu'an Mining Group, Yangquan Coal Industry Group, Jingneng Group, and Jincheng Anthracite Mining Group.

Revenues
In 2014, 93 coal firms realizing annual revenue of 1 billion yuan ($157 million) or more, with the top five being of Shenhua Group, Shanxi Coking Coal Group, Jizhong Energy Group, Datong Coal Mine Group and Lu’an Mining Group.

Of this, 15 coal firms posted revenue of more than 100 billion yuan, 31 coal firms saw revenue between 10 billion and 100 billion yuan, 22 firms with revenue at 5-10 billion yuan and 25 firms at 1-5 billion yuan.
 
source: http://en.sxcoal.com