Articles Tagged "China"

China to Cap Coal Use in 2020

According to details released by China's State Council on Wednesday, the country's new energy strategy will see coal consumption capped at 4.2 billion tonnes in 2020, the New York Times reported. The strategy follows last week's announcement that China and the United States had signed a deal to cut emissions.

MicroCoal Technologies Up 13 Percent on JV Announcement

MicroCoal Technologies ticked upward on the news that it has partnered with an affiliate of Hong Kong's Jiu Feng Investments in order to help advance its processes in Asian markets. MicroCoal has developed patented clean coal upgrading technology to improve the usability of lower-rank coals.

India to Overtake China as Biggest Coal Importer

The Financial Times reported that there is a strong argument among many miners and traders to support the idea that India may soon be the world's largest importer of coal, bumping China from first place.

China Making Changes to Coal Resource Taxes

Reuters reported this week that China is planning to switch up its tax regime for coal. As of December 1st, the country will remove existing charges and replace those rules with a new resource tax.