2020-10-08 12:35:00
CHINA MERGES COAL
ENERDATA - 7 Oct 2020 - The provincial government of Shanxi (China) will merge five state-owned coal producers into a single group named Jinneng Holding Group. The new entity will also take over assets from Datong Coal Mine Group, Shanxi Jincheng Anthracite Mining Group (a new company founded by Yangquan Coal Industry Group), and Shanxi Lu'an Mining Industry Group, and will absorb the Taiyuan Coal Exchange Centre, China's largest coal market. The Jinneng Holding Group would become China's second-largest coal producer after China Energy Investment, with a combined output of 420 Mt in 2019 (compared to 515 Mt for China Energy Investment).
In 2019, China was the largest coal producer in the world, with an output of 3,691 Mt, followed by India (769 Mt) and the United States (640 Mt).
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