“3 years to stop the scope of coal mining area approval” provisions to stop implementation

In May 5th, the Ministry of natural resources issued a notice on the adjustment of the relevant provisions on supporting the dissolving of excess capacity in the iron and steel industry to achieve the development of poverty relief. It mentioned that the provisions of “stopping coal mining scope approval within 3 years from 2016,” to stop the implementation of coal mining area examination and approval were aimed at deepening the structural change of the coal supply side. We should eliminate backward production capacity, release high-quality production capacity, improve the structure of coal supply and maintain a dynamic balance between supply and demand in the market.
CITICIC is mainly engaged in the designing and manufacturing of large machinery components and non-standard machinery parts,including shafts,gears sprockets,sheaves,couplings,bearing supports,castings and forgings etc.the products are mainly used in the fields of mining,petroleum,cement,steel mill,power plant,sugar factory etc.the material of products can reach more than one hundred types,which can meet different national standards.

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Post time: May-10-2018
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