It will get a total investment of $126m.
The Chinese National Energy Administration (NEA) has given the green light for a new 4 Mt/year open-pit coal mining project in the Xinjiang autonomous region in northwestern China, which will benefit from a total investment of CNY854m (US$126m). Xinjiang is the fourth Chinese region in terms of coal production and produced 167 Mt of coal in 2017 (compared with 120 Mt in 2011).
The Chinese government is slowly reshuffling its coal market and expects coal production to average 3,900 Mt/year by 2020. In 2018, the domestic raw coal production rose by 5.2% to nearly 3,550 Mt. This is the highest level in the last three years as major domestic producers opened up new mines and ramped up production amid rising winter demand.
This article was originally published by Enerdata.
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