Coal news and updates

China, the world’s largest coal consumer and producer, is not giving up on its long-term plans of reducing the share of coal in its overall energy mix and consequent smog and greenhouse gas emissions.

 

Cutbacks will be focused on smaller mines in north and east China, the National Development and Reform Commission (NDRC) said.

 

Despite reversing in November some of the restrictions imposed to local coal miners in early 2016 due to a spike in prices for the commodity, Beijing announced late last week it will continue to cut the capacity of its coal mines by 800 million tonnes a year until 2020.

 

Unveiling the plan’s details, the country’s top economic planner said the goal is to eliminate “outdated” and inefficient coal capacity every year while adding 500m tonnes of “advanced” capacity. The cutbacks will be focused on smaller mines in the north-east, the National Development and Reform Commission (NDRC), according to state-run Xinhua news agency.

SOurce: Oil Price.COm