Number of "mega" coal producers China aims to create by the end of the decade as part of its drive to consolidate the industry and tackle overcapacity, the official China Daily reported on 07 Apr, citing an energy official.
100 million tonnes
or more - annual production capacity of each new entity. New guidelines will compel coal mining regions to consolidate smaller mines over the next two years, and close those that are not restructured.
800 million tonnes
Production capacity that China aims to eliminate over a 5 year period from 2016 - 2020.
150 million tonnes
of coal production capacity to be shut down in 2017 alone.