Coal pro­duc­ers awarded for cut­ting pro­duc­tion

China Daily (Canada) - - NEWS CAPSULE -

Shanxi, China’s lead­ing coal­pro­duc­ing prov­ince, has awarded nearly $47 mil­lion to six sta­te­owned coal pro­duc­ers for cut­ting pro­duc­tion.

The six pledged to slash coal pro­duc­tion ca­pac­ity by a com­bined 10.6 mil­lion tons per year, with Da­tong Coal Mine Group promis­ing the big­gest cut of 3 mil­lion tons per year.

Cen­tral China’s He­nan prov­ince plans to award $326 mil­lion to coal and steel pro­duc­ers this year for cut­ting pro­duc­tion. The funds will com­pen­sate work­ers whose em­ploy­ment has been af­fected due to cuts in over­ca­pac­ity, said the He­nan pro­vin­cial depart­ment of fi­nance.

The coun­try has adopted a com­bi­na­tion of mea­sures to make cut­ting over­ca­pac­ity an eco­nomic pri­or­ity. China has vowed to cut steel ca­pac­ity by 100 to 150 mil­lion tons by 2020, in­clud­ing 45 mil­lion tons in 2016. This year’s tar­get to slash coal ca­pac­ity is 250 mil­lion tons.

PHOTO / CFP

Seven pairs of twins, who are newly en­rolled at the same el­e­men­tary school as the au­tumn se­mes­ter be­gins, pose for a group photo on the school’s play­ground, in Han­dan city, Cen­tral China’s He­nan prov­ince.

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