[Ferro-Alloys.com] Authorities in southwest China's Yunnan Province have decided to limit the number of coal mines as the province speeds up phasing out outdated capacity.
According to a three-year work plan regarding the coal industry's development, by 2021, the number of coal mines will be limited to within 200.
Authorities are pushing for supply-side structural reform in the coal industry, with substandard collieries to be closed down to advance high-quality development of the industry.
According to the plan, this year, the output of raw coal should be within 48 million tonnes, with a total industrial output value of 42 billion yuan (6 billion US dollars). By 2021, total raw coal output should be within 80 million tonnes, with a total industrial output value of 100 billion yuan.(Xinhua)
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