China to cap coal production by 2015
CHINA plans to cap coal production at around 3.9 billion tons by 2015, according to a five year industry plan released today, as the government restricts output to curb pollution and reduce its reliance on the fuel.
China will cut coal imports this year as the cost of domestic supplies declines, Sanford C. Bernstein & Co. said in a report.Net purchases from overseas will drop 47 percent to 150 million metric tons this year from 281 million in 2012, Bernstein said in the e-mailed note today.