Ordos city in Northern China's Inner Mongolia will undertake 668 million tonnes of coal supply tasks for the nation in 2023 after completing medium- and long-term contract signing on November 21, China National Radio reported.
The city has put a greater effort to increase and release capacity since the start of the year to help balance supply and demand and stabilize coal prices, with coal production reaching one fifth of China's total and outbound coal delivery hitting 539 million tonnes, data showed.
"The company has increased and will continue to increase its production capacity by 9.9 million tonnes year by year since September 2021, with all of the increment used to fulfill the supply guarantee contract," said Liu Jian, general manager of Inner Mongolia Yitai Coal Co., Ltd., one of the major coal companies undertaking the supply guarantee task.
At the same time, in order to keep farmers and herdsmen in Inner Mongolia warm for the winter, Ordos undertook the task of supplying 2.65 million tonnes of coal to 10 leagues and cities in the region at a price of 300 yuan/t lower than the market price, according to China National Radio.
(Writing by Emma Yang Editing by Tammy Yang)
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