financetom
Business
financetom
/
Business
/
China's Inner Mongolia halts coal mines for exceeding output plans, document shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China's Inner Mongolia halts coal mines for exceeding output plans, document shows
Sep 16, 2025 6:18 AM

Sept 16 (Reuters) - Inner Mongolia, China's largest

coal-producing region, has ordered 15 mines to halt production

after they were found to have exceeded their approved output

plans, a document from the Inner Mongolia Autonomous Region

Energy Bureau showed.

China launched inspections in major coal hubs in July and

asked local authorities to report whether mines had exceeded

output in 2024 and the first half of 2025, as Beijing seeks to

tackle overcapacity in the sector.

Reuters called the Inner Mongolia Autonomous Region Energy

Bureau, and the person who answered confirmed the document

detailing the results of the region's production capacity

inspection and the key details.

The investigation results showed that 15 mines in Ordos

exceeded their approved capacity by more than 10% in the first

half of 2025. They have been ordered to suspend operations and

may resume only after passing inspections by regional safety

regulators, according to the document.

The document did not provide a timeline for when the

inspections will take place. The halted mines have combined

annual capacity of about 34.6 million metric tons, according to

Mysteel, a Chinese commodity consulting firm.

As of September 16, five of the 15 mines, with combined

capacity of 19.3 million tons per year, were ordered to suspend

production for five to seven days due to safety hazards. Four

mines have since resumed normal production after the

inspections, according to Mysteel.

China's most-traded coking coal futures contract on the

Dalian Commodity Exchange rose 5.84%, or 68.5 yuan ($9.63) a ton

on Tuesday.

The market rallied after state media published President Xi

Jinping's call on Monday for the "orderly exit" of outdated

production capacity and the curbing of "disorderly" price

competition.

($1 = 7.1151 Chinese yuan renminbi)

(Reporting by Sam Li and Colleen Howe in Beijing; Editing by

Emelia Sithole-Matarise)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
POET Technologies Up 0.6% In US Premarket As Advances Optical Engine Samples to Three Global Technology Customers for AI Applications
POET Technologies Up 0.6% In US Premarket As Advances Optical Engine Samples to Three Global Technology Customers for AI Applications
Mar 20, 2025
09:06 AM EDT, 03/20/2025 (MT Newswires) -- POET Technologies Inc. ( POET ) , a player in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks, was at last look up 0.6% in US premarket trade on Thursday after announcing it has fulfilled orders from three global customers for samples of its advanced optical...
Eli Lilly Launches Diabetes, Weight-loss Drug Mounjaro in India
Eli Lilly Launches Diabetes, Weight-loss Drug Mounjaro in India
Mar 20, 2025
09:04 AM EDT, 03/20/2025 (MT Newswires) -- Eli Lilly ( LLY ) launched its blockbuster diabetes and weight-loss drug Mounjaro in India on Thursday, multiple media outlets reported. The once-weekly injection, approved by India's drug regulator, is priced at 4,375 rupees ($50.67) for a 5 milligram vial and 3,500 rupees for a 2.5 milligram vial, the reports said. Rival Novo...
Phoenix Motor Expands Autonomous Tech Portfolio With Smart Delivery Robots
Phoenix Motor Expands Autonomous Tech Portfolio With Smart Delivery Robots
Mar 20, 2025
Phoenix Motor Inc. ( PEV ) shares are trading higher premarket on Thursday. On Wednesday, the company launched a new initiative to develop autonomous robots for package pickup and last-mile delivery. This expansion builds on its recently introduced autonomous food and beverage delivery vehicle program. Phoenix Motor ( PEV ) is incorporating its cutting-edge autonomous technology into compact, self-navigating delivery...
Olive Garden Parent Darden Restaurants Q3 Earnings: Sales Miss & EPS Beat, Tightened EPS Outlook And More
Olive Garden Parent Darden Restaurants Q3 Earnings: Sales Miss & EPS Beat, Tightened EPS Outlook And More
Mar 20, 2025
Darden Restaurants Inc ( DRI ) shares are trading higher in premarket on Thursday. The company reported third-quarter revenue growth of 6.2% year-on-year to $3.158 billion, missing the analyst consensus estimate of $3.215 billion. The sales growth was driven by a blended same-restaurant sales increase of 0.7% and sales from the acquisition of 103 Chuy’s restaurants and 40 net new...
Copyright 2023-2026 - www.financetom.com All Rights Reserved