>>Rio Tinto has achieved 22% gain in Coking Coal production in Q3 2017, at 2,244 MT, over the production in Q3 2016. On a quarter-on-quarter comparison, the third quarter production was higher by 44% against the Q2 2017 production. During the first 9 months of the current year, the company produced 5,382 MT of the coal.
>> By the end of 2017, nearly 1,000 coal mines will be closed in China as part of the supply side reforms being implemented in that country. In its “13th Five Year Plan”, the Chinese government plans to phase out 0.8 BnTPA of coal production capacity to rationalize supply with demand.
>> State-run Coal India Limited (CIL) is expected to execute a slew of diversification projects, including: super critical thermal power plant, solar power plant, coal gasification and Coal Bed Methane.
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