国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Coal sector set to meet consolidation goals

By Wan Zhihong (China Daily)
Updated: 2008-01-07 11:30

Compared with other industries, such as information technology and retailing, which have experienced significant merger and acquisition (M&A) activity in recent years, China's coal sector has been relatively quiet.

However, under a national coal industry policy published last year, the industry is set to experience increased consolidation.

China will build six to eight coal enterprises each with a capacity of 100 million tons, and eight to 10 coal enterprises with a capacity of 50 million tons, according to the National Development and Reform Commission (NDRC), the nation's top economic planning body.

These groups are expected to contribute more than half of China's coal output of 2.6 billion tons in 2010.

"More M&As will occur in the coal industry, in order to boost the competence of Chinese coal producers in the world," Liang Dunshi, vice-chairman of the China Coal Transport and Distribution Association, tells China Business Weekly.

China produced 2.4 billion tons of coal in 2006 but its 80,000 coal companies produced an average of just 30,000 tons.

The country has started a nationwide campaign to close small coal mines, which account for one-third of China's total production but two-thirds of the deaths resulting from colliery accidents.

With the average output remaining low, China's coal companies need to regroup to make better use of their resources, says Pu Hongjiu, vice-chairman of the China National Coal Association.

Large companies will have more resources if they acquire small ones, says Huang Qing, secretary to the board of directors of Shenhua Group, which produced 203 million tons of coal in 2006 to become China's first coal company to pass the 200-million-ton milestone.

The country's second largest coal producer, China National Coal Group, produced 90.6 million tons of coal in 2006. At present in China there are 10 coal enterprises, which have a capacity of over 30 million tons.

Large coal enterprises are encouraged to develop other business, such as power generation and railway and port transportation, according to the industry policy.

They are also encouraged to participate in other sectors such as the metallurgical, chemical, construction material and transportation industries.

"Like the nation's largest coal enterprise, Shenhua, which has diversified its business into coal, power and transportation, more Chinese coal producers will turn their eyes to other businesses," Liang says.


(For more biz stories, please visit Industry Updates)

   1 2   


Related Stories  
蒙城县| 普陀区| 乌兰浩特市| 北京市| 迁安市| 高阳县| 格尔木市| 庆城县| 蓝田县| 来宾市| 永川市| 鹿邑县| 闸北区| 仙游县| 马鞍山市| 泗阳县| 介休市| 措美县| 红安县| 绍兴县| 辽阳市| 石河子市| 兴安县| 霍林郭勒市| 女性| 毕节市| 宝应县| 庆阳市| 沈丘县| 曲阳县| 茶陵县| 沿河| 方城县| 曲周县| 汉川市| 忻州市| 电白县| 和田县| 商河县| 兴义市| 乡宁县|