Consolidation in China's coal industry

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.

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.

of coal production capacity to be shut down in 2017 alone.