China coal production falls in May
Published by Jonathan Rowland,
Chinese coal production was 263.75 million t in May, a 15.5% year on year fall, according China Coal Resource, citing data from the National Bureau of Statistics.
Year to date, coal output stood at 1.34 billion t, dropping 8.4% on the year previous. The fall in Chinese coal production has accelerated over May from a year-to-date production fall of 6.8% at the end of April.
State and local governments also unveiled more measures through May to reduce capacity in the coal sector in line with reforms demanded by the central government.
So far, 11 main coal production provinces have published their revised coal production capacity with capacity falling from 2.29 billion t to 1.93 billion t.
The Ministry of Finance has set up a Yuan 100 billion special fund to help resettle workers hit by cuts to the coal and steel industries.
Edited from by Jonathan Rowland. Source: China Coal Resource.
Read the article online at: https://www.worldcoal.com/coal/20062016/china-coal-production-falls-in-may-2016-992/
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