China Approves 15 Million Tonne Coal Mine In Inner Mongolia

China Approves 15 Million Tonne Coal Mine In Inner Mongolia

China has given the go-ahead for a 15-million-tonne open-pit coal mine to be built in Inner Mongolia, the country’s top producing region, the latest in a string of approvals as Beijing seeks to ensure sufficient fuel supplies.

The country is trying to ease concerns about fuel shortage as the government steps up inspections and stiffens emissions control standards in a bid to make the industry more efficient and reduce pollution.

The mine, owned by state utility Guodian Group, will be based in eastern Inner Mongolia and cost about 4.2 billion yuan ($634.39 million), the National Development & Reform Commission said.

The decision comes soon after the Chinese government approved two other projects in the region, each owned by China Coal, and with a combined annual capacity of 14 million tonnes.

Guodian recently merged with Shenhua Group, the country’s top coal miner, to create China Energy Investment Corp.

Inner Mongolia produced 838 million tonnes of coal last year.

Beijing had approved 90 million tonnes of new coal capacity in the first half of the year.

However, the government has pledged to eliminate 800 million tonnes of outdated coal capacity nationwide by 2020, including 250 million tonnes this year.

($1 = 6.6205 Chinese yuan) (Reporting by Josephine Mason, Muyu Xu and Beijing news monitoring desk; Editing by Sherry Jacob-Phillips) Read More

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