2018 Shandong will go to 4.65 million tons of coal production capacity

- Jan 27, 2018 -

2018 Shandong will go to 4.65 million tons of coal production capacity

Recently, I learned at the provincial coal working conference that in 2018, Shandong Province will shut down 10 coal mines and exit the production capacity of 4.65 million tons.


It is understood that in 2017, the coal mines in Shandong Province produced 126 million tons of coal and sold 125 million tons of commercial coal with basically balanced sales and production. The total operating income was 470.75 billion yuan and the profit was 22.69 billion yuan, up by 50.77% and 309.11% respectively from the same period of last year. 5 years the best level.


Among them, Yanzhou Mining Group achieved operating income of 180 billion yuan, the scale of the enterprise scale reached the world's top 500 standards. Shandong Energy Group is expected to achieve operating income of 306 billion yuan, an increase of 57%; operating income, total profit, net profit, net profit attributable to parent company ranked first in provincial enterprises, the country's coal industry second.


According to insiders, the current economic performance has been moderating steadily to boost the output of major coal-consuming products such as coal-fired power, iron and steel, chemical industry and so on. The demand for coal has risen sharply, which in turn has pushed the price of coal up and the profit of coal-fired enterprises soaring.


In 2017, Shandong shut down 5 coal mines throughout the year and exited a capacity of 3.51 million tons to complete the task of coal-to-production capacity of the provincial government and surpass the target tasks assigned by the state. The number of coal enterprises in the province decreased from 131 in 2010 to 78, and the average size of enterprises increased from 1.3 million tons to 2.17 million tons with a marked increase in industrial concentration.


In 2018, Shandong Province will continue to push forward with the exit of excess coal and backward production capacity. The province plans to shut down 10 coal mines and exit the production capacity of 4.65 million tons.


Some experts in the coal industry point out that under the new normal economic development, an important element in the structural reform of the coal supply side is going to capacity. Going to capacity will help allocate resources to industries with higher efficiency, and ultimately promote industrial upgrading through capacity-building And healthy development.


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