Half coalmines in Ordos, China's largest coal producing city in Inner Mongolia, North China, have suspended production on account of sliding coal price and weakening coal demand, according to the Coal Administrator Bureau of Ordos in Inner Mongolia Autonomous Region.It is learned that coal price in Ordos climbed from 22 yuan per ton in 2001 to 500 yuan per ton in the first half of 2008.
However, after September, coal price in many local coalmines has declined by 100-150 yuan per ton. There are 276 coalmines in Ordos at present. The resource recovery rate has been raised to 60 percent from 30 percent through technological renovation.
In 2007, coal output in Ordos reached 200 million tons, making it the largest coal producing city. Ordos has abundant coal reserve, with 169.6 billion tons proved, accounting for half of coal reserve in Inner Mongolia Autonomous Region and one sixth of the national total.
However, after September, coal price in many local coalmines has declined by 100-150 yuan per ton. There are 276 coalmines in Ordos at present. The resource recovery rate has been raised to 60 percent from 30 percent through technological renovation.
In 2007, coal output in Ordos reached 200 million tons, making it the largest coal producing city. Ordos has abundant coal reserve, with 169.6 billion tons proved, accounting for half of coal reserve in Inner Mongolia Autonomous Region and one sixth of the national total.
No comments:
Post a Comment