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Shanxi halts colliery approval to tackle overcapacity

(Xinhua)    18:45, January 27, 2015

TAIYUAN, Jan. 27 -- Shanxi Province in north China will approve no new coal mines for the next five years to tackle excess capacity.

In line with a guideline, published on Monday, for the next three years there will be a moratorium on upgrades to collieries with an annual capacity of under five million tonnes that intend to become open-cast mines.

Shanxi is China's major coal producer, but weak demand and constantly increasing supply has led to closure of many mines.

A mere 960 million tonnes of coal were produced in Shanxi in 2013, far below its production capacity of 1.36 billion tonnes, according to government figures.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Bianji)

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