Coal industry

(chinadaily.com.cn)

Shanxi is a province abundant in coal resources with proven coal reserves of 270.9 billion tons, accounting for 17.3 percent of the whole country's reserves and ranking first for quantity in China. From 1949 to 2014, Shanxi produced more than 16.2 billion tons of coal, accounting for one-quarter of the total coal output across the country.

The output of raw coal above designated scale reached 855.81 million tons in 2017, increasing 3.5 percent year on year. The added value of the coal industry above designated scale in 2017 was up 3.6 percent year on year. Coal exports amounted to 30,000 tons –– 1.3 times higher than the previous year.

The coal companies above designated scale generated 700.25 billion yuan ($102.75 billion) in revenues and 60.85 billion yuan in profits during 2017, representing year-on-year growth of 28.9 percent and 540.1 percent. 

To further integrate coal resources and upgrade industrial structures in the province, Shanxi has been reducing its reliance on coal and transforming its economy by eliminating outdated coal mines. 

Provincially-owned coal mines in Shanxi have cut 22.65 million tons of coal production capacity by shutting down 27 mines in 2017, according to the provincial State-owned assets supervision and administration commission. The province plans to cut 16 million tons of excess mining capacity in State-owned coal mines in 2018.