The discovery of a massive new coal reserve in Xinjiang Uygur is hoped will help meet China's coal requirements, which are set to grow to 1 gigaton during the 12th 5-year plan.
Author: Shivom Seth
Posted: Friday , 23 Dec 2011
MUMBAI - China has reportedly discovered an 89.2 billion tonne coal reserve at Sha'er Lake in northwest Xinjiang Uygur, in a find that is being termed the largest in Asia.
The new find is expected to be slightly bigger than Inner Mongolia, currently China's largest coal producing region - it surpassed that of the Shanxi province to become the largest coal producing region last year with an annual output of 782 million tonnes.
Coal output rose 26.6% year on year to 908 million tonnes in the first 11 months of the year.(this for an economy that is collapsing?. If yes, the end of the world is indeed well-nigh) The output in November alone has been pegged at 94.1 million tonnes, up 18.1% year on year from the Inner Mongolia region.
According to the provincial statistics bureau, Shanxi's coal output reached 790 million tonnes between January and November 2011, registering an annual increase of 18.6%. The November output rose 15.3% to hit a monthly record of 80.8 million tonnes.
With estimates that coal reserves in Xinjiang hovered over 2 trillion tonnes, which is 40% of China's total coal reserves, the new coal find is expected to help the country meet its energy consumption needs.
During the 12th Five Year Plan, China's energy consumption of standard coal is set to increase by 0.8 to 1 gigaton, with an average annual increase of 4.8% to 5.5%, according to a recent report of the China Energy Development 2011. The report noted that China's energy consumption increased 900 megatons, with an annual increase of 6.6%.
According to Chinese customs data, the country's imports of coking coal hit a 10 month high of 5.1 million tonnes in November, the highest since the 5.6 million tonnes in January this year. November imports were up 19% from imports of 4.3 million metric tonnes a year ago and were up 21% from 4.2 million tonnes in October, according to official data.
The country's net imports of the fuel in 2011 are expected to reach around 150 million tonnes. However, the National Development and Reform Commission, China's top economic planner, has also warned that coal shortages would occur in some regions.
Mineweb.com - The world's premier mining and mining investment website China announces discovery of massive coal deposit - ENERGY | Mineweb
Author: Shivom Seth
Posted: Friday , 23 Dec 2011
MUMBAI - China has reportedly discovered an 89.2 billion tonne coal reserve at Sha'er Lake in northwest Xinjiang Uygur, in a find that is being termed the largest in Asia.
The new find is expected to be slightly bigger than Inner Mongolia, currently China's largest coal producing region - it surpassed that of the Shanxi province to become the largest coal producing region last year with an annual output of 782 million tonnes.
Coal output rose 26.6% year on year to 908 million tonnes in the first 11 months of the year.(this for an economy that is collapsing?. If yes, the end of the world is indeed well-nigh) The output in November alone has been pegged at 94.1 million tonnes, up 18.1% year on year from the Inner Mongolia region.
According to the provincial statistics bureau, Shanxi's coal output reached 790 million tonnes between January and November 2011, registering an annual increase of 18.6%. The November output rose 15.3% to hit a monthly record of 80.8 million tonnes.
With estimates that coal reserves in Xinjiang hovered over 2 trillion tonnes, which is 40% of China's total coal reserves, the new coal find is expected to help the country meet its energy consumption needs.
During the 12th Five Year Plan, China's energy consumption of standard coal is set to increase by 0.8 to 1 gigaton, with an average annual increase of 4.8% to 5.5%, according to a recent report of the China Energy Development 2011. The report noted that China's energy consumption increased 900 megatons, with an annual increase of 6.6%.
According to Chinese customs data, the country's imports of coking coal hit a 10 month high of 5.1 million tonnes in November, the highest since the 5.6 million tonnes in January this year. November imports were up 19% from imports of 4.3 million metric tonnes a year ago and were up 21% from 4.2 million tonnes in October, according to official data.
The country's net imports of the fuel in 2011 are expected to reach around 150 million tonnes. However, the National Development and Reform Commission, China's top economic planner, has also warned that coal shortages would occur in some regions.
Mineweb.com - The world's premier mining and mining investment website China announces discovery of massive coal deposit - ENERGY | Mineweb