Coal news and updates

China January-August coal industry FAI down 14.4%

China’s fixed-asset investment (FAI) in coal mining and washing industry stood at 256 billion yuan ($41.8 billion) over January-August, down 14.4% year on year, showed data from the National Bureau of Statistics (NBS) on September 13.

The decrease is faster than a 13.4% drop over January-July this year.

Private investment in the sector contributed 144.2 billion yuan of the total, falling 12% from the previous year, compared to a 9.4% decline over January-July.

Meanwhile, fixed-asset investment in all mining industries across the country posted a year-on-year drop of 7.6% to 800.4 billion yuan over January-August. Of this, private investment in mining industries contributed 456.4 billion yuan during the same period, falling 9.5%.

The NBS data showed a total 92.2 billion yuan was spent on fixed assets in ferrous mining industry during the same period, down 17.3% from the previous year; while investment in oil and natural gas industry fell 1.1% on year to 192.3 billion yuan.

The fixed-asset investment in non-ferrous mining industry witnessed a year-on-year decline of 2.3% to 98 billion yuan during the same period, data showed.

source: http://en.sxcoal.com