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

Business / Companies

Inner Mongolia eases rules on coal firms

By Lyu Chang (China Daily) Updated: 2014-07-04 08:43

Inner Mongolia eases rules on coal firms

Coal is loaded for railway transportation in Tongliao, Inner Mongolia autonomous region. Coal miners in the region no longer need local government approval for M&A deals. [Photo/Xinhua]

China's top coal-producing region Inner Mongolia said on Thursday that coal miners no longer need local government approval for corporate transfers or for merger and acquisition deals.

The policy, which took effect on Tuesday, will allow local coal miners to follow the rules of a free market, according to authorities from the region.

Coal miners are being encouraged to restructure their businesses and get involved in upstream and downstream industries including electric power, chemicals and building materials.

Inner Mongolia eases rules on coal firms

Inner Mongolia eases rules on coal firms
Coal hub considered for North China

Resource-rich Inner Mongolia had to relax many policies since last year to boost its coal mining sector. Major producers of the fuel in the region, which is far from being China's most dynamic, have been hit hardest by high transportation costs.

The low calorific content of the region's coal has also made it less competitive.

As of April 30, one-third of the mines in the region, most of which were small, had shut down or suspended production, according to the Inner Mongolia Coal Mine Safety Bureau.

The province's coal output slid nearly 10 percent year-on-year to 302.74 million metric tons during the first four months, official data show.

Stimulus measures that range from cutting administrative fees and transport charges for local miners to increasing financial support for those companies and lowering borrowing costs were launched to help revive the sector.

Media reports said levies for coal were reduced by 4 yuan (65 cents) to 20 yuan a ton last year. Environmental fees were also suspended and some rail charges eliminated.

The eased rules are expected to strengthen the competitiveness of companies with major mines in the area such as Inner Mongolia Yitai Coal Group Co Ltd, Shandong Energy Group Co and Shenhua Group Corp Ltd, experts said.

But they added that sluggish demand from power plants, rising stockpiles and fierce competition from cheaper imported coal have pushed coal prices to drop further this year.

In June, the price of high-calorie coal dropped 17 percent year-on-year to 220 yuan per ton, and coking coal fell to 325 yuan per ton, a drop of 18.8 percent year-on-year, according to the bureau.

Hot Topics

Editor's Picks
...
...
上思县| 仙桃市| 峨眉山市| 石河子市| 东兰县| 南丰县| 阿拉尔市| 镇雄县| 靖安县| 英吉沙县| 浦城县| 饶阳县| 商城县| 左云县| 西昌市| 右玉县| 内乡县| 同仁县| 太湖县| 华容县| 疏勒县| 郧西县| 甘洛县| 中宁县| 东光县| 兰溪市| 长沙县| 澄迈县| 本溪| 乌拉特后旗| 霍州市| 辽源市| 平邑县| 新安县| 普安县| 灵寿县| 崇礼县| 兴和县| 托克托县| 东宁县| 临猗县|