Saturday, March 25, 2023
HomeHeadlinesChina coal output up 5.8% in Jan-Feb as new capacity comes online


To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

China coal output up 5.8% in Jan-Feb as new capacity comes online

China’s coal output rose by 5.8% in the first two months of 2023 from the same period a year earlier, government data showed on Wednesday, as new mining capacity came online and Beijing encouraged miners to boost production to improve energy security.

China, the world’s biggest coal miner and consumer, produced 734.23 million tonnes of the fuel during the January-February period, up from 686.6 million tonnes in the same period in 2022, according to data from the National Bureau of Statistics (NBS).

That’s equivalent to 12.44 million tonnes per day, down from 12.99 million tonnes per day in December, as coal mines lowered operation rates or even shut down during the week-long Lunar New Year holiday, which fell in late January this year.

The statistics bureau combines data for January and February because of the national holiday.

A sharp increase in global coal prices and disruption of energy supply chains following Russia’s invasion of Ukraine has prompted Beijing to increasingly prioritise energy security.

Miners ramped up output in anticipation of improving demand following the lifting of COVID-19 restrictions at the end of last year.

The government last year approved 260 million tonnes of new coal mining capacity and reopened a number of previously mothballed mines.

Shanxi and Inner Mongolia, China’s top two mining hubs by production, have vowed to lift output by at least 5% and 2% this year, respectively.

Safety-related closures only had a modest impact on output. Governments in several key coal producing regions, such as Inner Mongolia, Shanxi and Shaanxi, ordered snap safety checks and inspections at open pit coal mines after the collapse of an open-pit mine in Inner Mongolia last month.

Most coal mines resumed normal operations in early March, two industry sources said.

In the January-February period, China produced 77.63 million tonnes of coke, up 3.2% from a year earlier, the NBS data showed.

Source: Reuters

Related Posts


Finance & Economy
Shipping News

Eva Birgitte Bisgaard steps down as chief commercial officer at Maersk Tankers

Eva Birgitte Bisgaard is stepping down from her role as chief commercial officer at Maersk Tankers. Christian M. Ingerslev, chief executive officer of Maersk Tankers,...

Frontline’s Fredriksen appointed to Euronav supervisory board

Belgium’s Euronav said its shareholders had overwhelmingly voted to elect John Fredriksen of peer Frontline, a major investor that pulled out of a merger...

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio – Report

UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday,...

Braemar: Record revenue & profitability

Braemar Plc., a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announced an update on trading...

Oldendorff Carriers announces change of leadership

Effective today, the board of OLDENDORFF CARRIERS has appointed Patrick Hutchins as the new President and CEO of the company. Patrick succeeds Peter Twiss, who...

Global Goods Trade Softening from 2022’s Record Level

International commerce soared to a record of $32 trillion in 2022, but goods trade...

New Hybrid Ferry ‘P&O Pioneer’ Docks At DP World Limassol For Bunkering

P&O Ferries’ newly commissioned Fusion Class vessel ‘P&O Pioneer’ has docked at DP World...

Baltic index gains as capesize rates rebound

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Minerva puts cost of fuel theft as high as $5.2 bil/year

The bunkering industry is losing as much $5.2 billion of fuel annually to quantity...

Baltic index logs worst day in five weeks on tepid demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Drewry: Port Throughput Index Down 4.5% Year-on-Year

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of...

Port of Los Angeles moves 487,846 container units in February

The Port of Los Angeles processed 487,846 Twenty-Foot Equivalent Units (TEUs) in February, a 43% decrease from the previous February’s all-time record. “February declines were...

Piraeus Port Authority: Strong growth in 2022

PPA S.A. announced Full Year 2022 financial results, marking a consecutive year of growth with a turnover of €194.6 million compared to €154.2 million...

WLP welcomes 14 strategic Vietnamese partners to its growing network of international traders

World Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, has welcomed 14 Vietnamese partners to its global...

Port of Hedland February Iron Ore Exports 2% Down

Pilbara Ports Authority has delivered a total monthly throughput of 54.8 million tonnes (Mt) for February 2023. This throughput was a five per cent increase...