Markets

China Jan-Feb coal output falls 6.4pc on year

Published March 12, 2016 Updated March 12, 2016 11:32am

BEIJING: China produced 513 million tonnes of coal over the January-February period, down 6.4 percent compared with the same period last year, according to figures published by the National Bureau of Statistics on Saturday.

China's coal production fell 3.5 percent to 3.68 billion tonnes in 2015, with major miners slashing output as a result of waning demand, falling prices and a concerted effort by authorities to cut the country's dependence on fossil fuels.

The production of coking coal, used in steel, fell 10.4 percent annually in the first two months of the year to 66.5 million tonnes. It fell 6.5 percent in the whole of 2015.

Copyright Reuters, 2016