China National Coal Group, the country's second largest coal miner, said recently it would keep its 23 coal mines in operation during the upcoming Lunar New Year holiday, in an effort to meet demand from power plants during the holiday.
The company promised to produce 50,000 tonnes more of coal each day on average during the holiday over February 15-22.
The company also decided to speed up the release of high-quality capacity to improve coal supply in 2018.
By the end of this year, China Coal planned to add 15 coal mines with high-quality capacity totaling 54.7 million tonnes per annum (Mtpa).
Specifically, Mengkeqing, Hulusu and another six mines with combined capacity of 47.2 Mtpa have been completed and are set to come into trial operation this year, the company said.
Five coal mines including Nanliang and Nanyangpo will add another 4.8 Mtpa of capacity in total upon commissioning in the first quarter of 2018.
One 0.9-Mtpa technically-reformed mine, which is waiting for the extension of mining permit now, will resume operation in the third quarter this year. Another 3.9-Mtpa mine that have been shut down will come back to life in the first quarter.
China Coal also promised more rail coal shipment in February than the daily average in 2017 in cooperation with rail departments.
To help coal prices fall back to normal range, the company said it will voluntarily lower the spot prices and promised not to raise the prices before early March.
(Writing by Alex Guo Editing by Jessie Jia)
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