• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks
    coal investing

    China Okayed 100 Million Tonnes of New Coal Production in 2013

    Charlotte McLeod
    Jan. 08, 2014 10:09AM PST
    Industrial Metals

    Reuters reported that China gave the go ahead to over 100 million tonnes of new coal production capacity in 2013. That’s six times more than the 2012 total and equivalent to 10 percent of the United States’ yearly usage.

    Reuters reported that China gave the go ahead to over 100 million tonnes of new coal production capacity in 2013. That’s six times more than the 2012 total and equivalent to 10 percent of the United States’ yearly usage.

    However, despite that increase, coal’s mean share of the country’s energy mix is still set to decrease.

    As quoted in the market news:

    Much of China’s new capacity is in regions like Inner Mongolia and Shaanxi, reflecting a strategy to close small mines in marginal locations like Beijing and consolidate output in a series of huge “coal industry bases” that will deliver thermal power to markets via the grid.

    While expanding output at such bases, China has shut more than 300 million tonnes of old capacity in the last decade, but critics say new mines are rapidly outpacing closures and the policy merely shifts China’s environmental problems elsewhere.

    ‘Despite the climate change pressure, water resource scarcity and other environmental problems, the coal industry is still expanding fast in northwest China,’ said Deng Ping, a campaigner with environmental group Greenpeace in Beijing.

    Click here to read the full Reuters report.

    coal investingchinaunited states
    The Conversation (0)

    Go Deeper

    AI Powered
    Excavator scooping coal at coal-mining operation.

    How to Invest in Coal Stocks

    Aerial view of cooling tower of nuclear power plant in Wuhan, China.

    China Approves 11 Nuclear Reactors in US$31 Billion Green Energy Investment

    Latest News

    Troy Minerals Achieves Key Milestone Toward Operational Mining License for Its Tsagaan Zalaa Silica Project, Mongolia

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Industrial Metals Stocks

    Norzan Enterprises Ltd.

    NRZ.H:CA

    Buffalo Coal Corp.

    BUF:CA

    Morien Resources Corp.

    MOX:CA

    SouthGobi Resources Ltd.

    SGQ:CA

    Corsa Coal Corp.

    CSO:CA

    Colonial Coal International Corp.

    CAD:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES