Coal sales and output fall in first 7 months
Print Edition
China’s coal output and sales both declined in the first seven months of 2013, statistics from the China National Coal Association showed yesterday.
The country produced 2.13 billion tons of coal in the January-July period, down 3.5 percent from the same period last year, while sales shed 3.9 percent to 2.07 billion tons, the association said.
Meanwhile, fixed asset investment in the coal mining industry fell 1.6 percent to 258.9 billion yuan (US$43.3 billion), said Jiang Zhimin, the body’s vice president at a news conference.
In the first seven months, China imported 187 million tons of coal, up 14.1 percent while exports fell 22 percent to 4.9 million tons, according to Jiang.
In the January-June period, the net profit of the country’s large- and medium-sized coal producers shed 43.3 percent from a year ago, according to the body.
China is the world’s largest producer and consumer of coal, with official data showing its coal production at 3.66 billion tons in 2012.
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