According to Mr Wang Xianzheng China Coal Industry Association president, "China coal industry is characterized by an unreasonable structure. There are currently more than 120,000 small coal deposits with production capacity of below 300,000 tonnes accounting for over 80 percent of total deposits in the country. The development of the industry has mainly been dependent on output growth and price increases, rather than on quality."

Mr Wang said that the structural adjustment of the domestic coal industry should be accelerated with the help of the government, adding that mergers and restructuring of small and medium sized coal enterprises should be vigorously encouraged.

Mr Wang also remarked that in the past four years China coal sector has completed total fixed assets investments worth CNY 868.5 billion. He also expected that China coal output will reach around 3.3 billion tonnes for the current year.

(Sourced from www.steelorbis.com)
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