MARKETS

Shanxi output to rebound in 2010

CHINA'S second-biggest coal producing province, Shanxi, expects output to drop this year but anti...

Angie Tomlinson
Shanxi output to rebound in 2010

According to state news agency Xinhua, Shanxi’s coal production will fall by 5% this year to 620 million tonnes.

However, output is expected to bounce back 8% in 2010 to 670-700Mt.

Xinhua reported that China’s coal production would reach almost 3 billion tonnes this year while imports would exceed 100Mt.

ANZ analysts said earlier this week the coal price looked set to pull back from current highs, but didn’t expect the change for a week or two given high Chinese domestic prices.

Price precedents will likely be set this month or in January, when Xstrata finalises negotiations with Japanese customers.

ANZ said Xstrata was looking for prices in the high $US80s to low $90s per tonne while Japanese buyers were looking at the mid $70 mark.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions