Ferrosilicon Daily Express 10.22

  • Tuesday, October 22, 2019
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon, futures, spot
[Fellow]According to the Shanxi government, more than 20 coal-centered industrial parks have been established in the province in recent years.
[Ferro-Alloys.comShanxi province, a traditional coal production hub in China, is taking steps to shift from heavily polluting coal to cleaner, greener and more profitable industries.

In the province, reducing dependency on coal has become a focus of its high-quality development path, according to local authorities.

According to the Shanxi government, more than 20 coal-centered industrial parks have been established in the province in recent years to support the coal industry transformation and upgrading.

The National Development and Reform Commission, China's top economic planner, has approved two coal mine projects with combined investment totaling 9.36 billion yuan (about 1.32 billion U.S. dollars).

The construction of the two projects is conducive to ensuring energy supplies, the commission said in a statement on its website.

The two projects, one located in Shanxi Province and the other in Inner Mongolia Autonomous Region, will each have an annual production capacity of 5 million tonnes.

Vale S.A (“Vale”) iron ore fines production and sales had a significant increase in 3Q19, as a result of the continuous progress in the resumption of operations in the Southern and Southeastern Systems and also due to the strong operational performance and shipments normalization in the Northern System.

 
 
  • [Editor:kangmingfei]

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