ARCHIVE

China taps the brakes

RAW coal output from China is expected to rise 3.7% from a year ago to 3.65 billion tonnes, according to reports.

Noel Dyson
China taps the brakes

The reports, based on a National Development and Reform Commission report, say that the coal output increase is a sharp drop on the increase last year.

This lower than expected coal production forecast – if true – could be a boon for the seaborne coal market.

Opening the National People’s Congress, Chinese Premier Wen Jiaboa reportedly said Beijing was aiming for a 7.5% economic growth rate this year.

That is a step down from the 8% target China has held for the past eight years.

This could be purely a moot point though because the country’s actual economic growth has outstripped the target in recent years. Last year China’s gross domestic product grew 9.2%.

China also is reportedly working on making changes to how it prices power to “better reflect” the price of coal.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.