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China Coal to modernize Uzbekistani coal mine for US$120.4 mln

Feb. 11, 2010 (China Knowledge) - China Coal Energy Company<601898><1898>, one of the leading coal producers in the country, has won a tender to modernize an Uzbekistani coal mine for US$ 120.4 million by the end of 2011, according to sources.

The source gave no other details about the deal.

China Coal reported earlier that its raw coal output dropped 0.8% year on year to 8.53 million tons in December. It produced a total of 108.56 million tons of raw coal last year, 8.2% more than in 2008.

China's coal production in 2010 will total about 3.3 billion tons, and coal demand is still surging. China's coal imports are expected to decrease to about 100 million tons. Coal exports will total around 25 million tons.

This year, China will take measures to control overcapacity and decrease pollution in the coal industry.

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