Coal news and updates

Inner Mongolia Xilingol January-August coal output down 23.3% on y-o-y

Xilingol League in northern China’s Inner Mongolia produced a total 59.14 million tonnes of coal over January-August this year, down 23.3% on year, showed data from the Xilingol Coal Industry Administration on September 17.

In August, coal output of Xilingol fell 43.9% on year and down 25.44% on month to 4.66 million tonnes, said the administration.

Over January-August, total output value of coal industry in Xilingol fell 20.9% year on year to 8.47 billion yuan ($1.38 billion), with the value in August at 0.71 billion yuan, down 32.2% from the year prior.

The average coal price rose 3.1% on year to 143.3 yuan/t in this region over January-August, with the August price averaging 151.5 yuan/t, up 21% from a year ago.

Coal-rich Xilingol has proved coal reserves of 144.8 billion tonnes, most of which are mid-ash, low-sulphur and low-phosphorus lignites with calorific value at around 3,500 kcal/kg.

Over 95% of the current coal mines in this region are open-pit mines with low exploitation cost.

Xilingol planned to develop 26 mining areas, with combined annual capacity at 696.4 million tonnes, of which 416.5 million tonnes from 15 mining areas has been approved by the government.

At present, total capacity of mines that are in operation or under construction in Xilingol stood at 197.4 million tonnes per annum. The largest open-pit coal mine under construction has the annual capacity of 30 million tonnes.

source: http://en.sxcoal.com