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    coal investing

    Shanxi coal 2010 output to grow up to 30%

    Investing News Network
    Mar. 08, 2010 11:19AM PST
    Industrial Metals

    China’s Shanxi Province, traditionally the country’s top coal producer, reported that the company expects its coal output to rise by up to 30 percent in 2010.

    China’s Shanxi Province, traditionally the country’s top coal producer, reported that the company expects its coal output to rise by up to 30 percent in 2010.

    The press release is quoted as saying:

    The figure is higher than an earlier estimate of 600 million to 700 million tonnes. Shanxi produced 615 million tonnes of coal in 2009, about 20 percent of China’s total. This year China is targeting national coal output of 3.15 billion tonnes, a 3.3 percent increase, the country’s economic planning ministry, the National Development and Reform Commmission, said in its annual economic plan on Friday.

    Click here to access the entire press release

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