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China state planner approves coal mine in Inner Mongolia, another two in Xinjiang

Reuters | March 13, 2018 | 2:07 pm Energy Asia China Coal 
Iron ore price up on supply concerns in China
Pictured: Inner Mongolia (Image courtesy of Shutterstock)

March 13 (Reuters) – China’s state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.

The mine will have an annual capacity of 6 million tonnes a year with total investment at 3.4 billion yuan ($537.84 million).

The state planner said it has also given the go ahead for two other new open-pit coal mines in Xinjiang province to be built.

The two coal mines in Xinjiang will have total capacity of 13 million tonnes per year and be worth a combined 4.1 billion yuan.

($1 = 6.3216 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)

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