China: Domestic coal production and sales dropped

China's coal output and sales both declined in the first seven months of 2013, statistics from the China National Coal Association (CNCA) showed on Monday.

The country's coal output in the January-July period stood at 2.13 billion tonnes, down by 3.5% from the same period last year, while sales decreased by 3.9% to 2.07 billion tonnes, according to the association.

Meanwhile, fixed asset investment in the coal mining industry declined 1.65 to 258.9 billion yuan, mentioned CNCA vice president Jiang Zhimin in a news conference.

In the first seven months, China imported a total of 187 million tonnes of coal, up by 14.1%, while exports declined 22% to 4.9 million tonnes, said Jiang.

In the first six months, the net profit of the country's large and medium-sized coal producers declined 43.3%  from the same period last year, according to the CNCA.

China is the world's largest producer and consumer of coal, with official data showing the country's coal production reached 3.66 billion tonnes in 2012.

-Sourced


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