From AP:
China will consolidate coal mines and boost output of good quality coal while controlling overall production, the country’s planning agency says in a five-year blueprint for the industry.
Total production will be capped at 2.6 billion tons annually by 2010, the National Development and Reform Commission said in a report posted on its Web site.
China is the world’s biggest producer and consumer of coal, with output last year at 2.33 billion tons compared with demand of 2.25 billion tons. The country exports some of its low grade coal and imports high grade coking coal to meet the needs of its steel industry.[Full Text]
