North China's coal-rich Shanxi Province has issued its first mining project license in 13 years following an industry reshuffle to eliminate outdated coal production capacity.
The provincial land and resources department said on Thursday that it has given the go-ahead to the Dongda Coal Mine Project operated by the Jinneng Group Co. Ltd.
The company is the result of a merger between Shanxi Coal Transportation Group Co. Ltd. and Shanxi International Power Group in 2013.
The department said the Dongda Coal Mine will be one of 19 new coal mine projects expected to showcase the province's advanced coal mining production capacity.
The mine, located in Qinshui County, will begin production in 2021 with an annual capacity of 5 million tonnes of coal.
With proven coal reserves of 270.9 billion tonnes, Shanxi produced more than 16.2 billion tonnes of coal from 1949 to 2014, accounting for one-quarter of the total coal output across the country.
Over the past five years, Shanxi has eliminated 51 million tonnes of outdated coal production capacity and closed 56 mines, according to the department.
By the end of 2017, Shanxi had 615 coal mines with a total production capacity of 909.8 million tonnes a year. Among them, new and advanced production capacity accounted for over 40 percent of the total. The province aims to boost the rate to over 60 percent by 2020.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: m.balanzskin.com.
