Central Chinese Province to Invest $507 Million for 42 Coal Mines in 2008

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Researched by Industrial Info Resources (Sugar Land, Texas)--Central China's Henan Province will invest $507 million in the construction of 42 coal mines in 2008, including 10 new mines with a total annual production capacity of 9.65 million metric tons, and seven to be completed to add 7.2 million metric tons of capacity by the end of the year, a representative of the Coal Industry Administration of Henan announced at a conference held on March 20, 2008.

The 42 mines under construction will have a total annual production capacity of about 40 million metric tons. Thirty-two of the mines are continuing projects, totaling about 30 million metric tons. In 2007, the province spent $530 million for the 32 coal mines, 9% over budget. Seven mines totaling 3.36 million metric tons went into operation, and three went into a test run. The province also began construction on 42 mine shafts last year. Three small coal-bed methane networks have been established in the Jiaozuo Mining Zone, and large-scale developments are expected this year.

According to the 11th five-year plan (2006-10), Henan Province aims to expand its annual coal production to about 200 million metric tons by adding 20 million metric tons of production capacity in the next five years. The province is also working to add 50 million metric tons through the establishment of three large coal groups: the Pingdingshan Coal Mining Group, the Zhengzhou Coal Mining Group and the Henan Coal Chemical Group.

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