Facebook Twitter 新浪微博 腾讯微博 Wednesday 3 June 2015
Search
Archive
English
English>>Business

Shanxi halts colliery approval to tackle overcapacity

(Xinhua)    18:45, January 27, 2015
Email|Print

TAIYUAN, Jan. 27 -- Shanxi Province in north China will approve no new coal mines for the next five years to tackle excess capacity.

In line with a guideline, published on Monday, for the next three years there will be a moratorium on upgrades to collieries with an annual capacity of under five million tonnes that intend to become open-cast mines.

Shanxi is China's major coal producer, but weak demand and constantly increasing supply has led to closure of many mines.

A mere 960 million tonnes of coal were produced in Shanxi in 2013, far below its production capacity of 1.36 billion tonnes, according to government figures.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Bianji)

Add your comment

Related reading

We Recommend

Most Viewed

Day|Week

Key Words