China to close 1,000 coal mines this year

China aims to close more than 1,000 coal mines this year. That’s a total production capacity of 60 million tonnes, according to China’s National Energy Administration (NEA). The closures are […]

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By Jacqueline Echevarria

China aims to close more than 1,000 coal mines this year.

That’s a total production capacity of 60 million tonnes, according to China’s National Energy Administration (NEA).

The closures are part of the country’s plan to reduce 500 million tonnes of surplus production capacity within the next three to five years.

NEA stated the measure will help tackle the industry’s oversupply as demand for coal has been reduced.

Earlier this year China announced it will not approve new coal mines in the next three years.

In the UK, the government announced it will close coal-fired power plants by 2025.