Big coal deposit found in Inner Mongolia
From ChinaDaily BizChina
Second of all, if the story is true, 10 billion exploitable tons is indeed quite a find, a whole four years of Chinese consumption - but 10-20 million tons a year is represents only 10% of the additional coal production China will need to bring on line to avoid shortages just this year!
A coalfield with reserves of 20.5 billion tons has been discovered in North China's Inner Mongolia Autonomous Region ... It is expected to have a life output of more than 10 billion tons, and its annual production could be between 10 million and 20 million tons, said an official of the China National Coal Association, who declined to be named.Well, first of all, no one tell Fan Wei Tang that there's an information leaker in his organization.
Second of all, if the story is true, 10 billion exploitable tons is indeed quite a find, a whole four years of Chinese consumption - but 10-20 million tons a year is represents only 10% of the additional coal production China will need to bring on line to avoid shortages just this year!
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