U.S. OPUBLIKVALI STATEMENT OF CHINA COAL
Report on the development of China#39;s coal industry, compiled and published by the American Institute Battelle, was made public at the end of last week. According to the study, commercially available coal reserves exceed one trillion tons, while in 2002 the level of its production totaled 1.39 billion tons - a third of world production. Production index increased by 26% compared with the previous year.
The industry employs more than six million people working more than 2000 mines with a capacity of over 100,000 tons of coal a year. The report focuses on the contribution of China to #39;confusion#39; in the global coal market. It indicates that while over 1990 figures annual growth was more modest, then the beginning of the XXI century, they immediately gave way to a more substantial. In 2000, China exported 55 million tons of coal, and in 2001 the volume of exports increased to 85.9 million tons.
In the same year, China became the second largest exporter of coal in the world. After the fall in exports in 2002, followed by a significant increase in its bringing the figure to 93.85 million tons in 2003. Subsequently, China has opened the doors to foreign investors and developers in order to ensure the implementation of its expansion program. The latter includes more mechanization of mines, building new mines and power plants in parallel with the growth of the transport infrastructure.
The report discusses important issues such as the structure of the industry, the investment climate, the location of large mines and their consumers information about the largest coal producers, subsidies for coal mining, railway and port infrastructure, as well as the demand for coal in the country and abroad. China#39;s share of global emissions of carbon dioxide is expected to 11%. The report also contains a proposal to investors about China#39;s construction of 16,000 km of new railways to transport coal, according to Mining Weekly.
