Anyuan Coal Industry Co., Ltd plans to shut its Qingshan coal mine by end-2018, as part of effort to optimize its coal mining quality and structure, said the company in a statement late November 13.
The closure of the resource-exhausting and unsafe mine is expected to slach 390,000 tonnes per annum of coal production capacity, leaving the company total coal capacity to be 3 million tonnes per annum (Mtpa) by end-2018, said the statement.
It will also reduce Anyuan Coal's operating revenue by 100-130 million yuan in 2018, according to the statement.
The company has closed 10 coal mines so far, with capacity combined at 2.95 Mtpa. Its coal capacity will stand at 3.39 Mtpa by end-2017.
(Writing by Tammy Yang Editing by Jessie Jia)
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