Coal news and updates

China Jan-Jul coal industry FAI down 13.4%

China’s fixed-asset investment (FAI) in coal mining and washing industry stood at 213 billion yuan ($34.8 billion) over January-July, down 13.4% year on year, showed data from the National Bureau of Statistics (NBS) on August 12.

The decrease is faster than a 12.8% drop in the first half of the year.

Private investment in the sector contributed 121 billion yuan of the total, falling 9.4% from a year ago, compared to a 9.8% decline in the first half of the year.

Meanwhile, fixed-asset investment in all mining industries across the country posted a year-on-year drop of 6.5% to 666.5 billion yuan over January-July. Of this, private investment in mining industries contributed 382.5 billion yuan during the same period, falling 7.5%.

The NBS data showed a total 77.7 billion yuan was spent on fixed assets in ferrous mining industry during the same period, down 16.8% from the previous year; while investment in oil and natural gas industry rose 1.1% on year to 158.8 billion yuan.

The fixed-asset investment in non-ferrous mining industry witnessed a year-on-year decline of 5.1% to 79.5 billion yuan during the same period, data showed.

source: http://en.sxcoal.com