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China’s Jiangxi province raises target on coal capacity cuts

China’s Jiangxi province has increased its target for reducing coal capacity in its current five-year plan, as the world’s second-largest economy deepens efforts to tackle pollution and curb excess supply, state news agency Xinhua said.

Jiangxi had met its full-year target for cutting capacity this year by August, Xinhua reported. The province’s five-year plan to cut coal capacity runs from 2016 to 2020.

Under the revised plan, Jiangxi expects to shut down 437 coal mines and cut capacity by 26.35 million tonnes during the five years, compared with an earlier target to shut 283 mines for a capacity reduction of 18.68 million tonnes over five years, Xinhua said.
Source: Reuters (Reporting by Lusha Zhang and Tony Munroe. Editing by Jane Merriman)

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