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Coal production from top ten mining companies expected to increase by up to 6.6% in 2021, says GlobalData
Coal production from the top ten mining companies (Coal India, China Shenhua, Yanzhou Coal, Peabody, China National Coal, Glencore, Siberian Coal, PT Bumi, BHP and Arch Resources) fell from a collective 1,704Mt in 2019 to 1,633Mt in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%), and Peabody (21.8%), according to GlobalData, a leading data and analytics company.
GlobalData expects production from the top ten companies to be between 1,683-1,740Mt in 2021, which is an increase of up to 6.6% compared with the collective output in 2020 (1,633Mt). Operating activities, backed by the rollout of vaccine and strict COVID-19 protocols on-site, returning t
China to cap annual coal output at 4.1B tonnes by 2025
China’s annual coal output will stand at no higher than 4.1 billion tonnes by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tonnes in 2020, said a report issued by the China National Coal Association.
The number of coal mines will shrink to about 4,000 by the end of 2025 from about 4,700 at the end of 2020, and of the total, more than 1,000 will be equipped with smart mining technology, the report said.
Annual coal consumption will be kept to around 4.2 billion tonnes at the end of 2025, it said.