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Qiu Xizhe, a research fellow of China Investment Advisor Coal Industry, said that mergers and reorganizations have become the top priorities of the coal industry's "Twelfth Five-Year Plan". Promoting the merger and reorganization of coal companies will help speed up the transformation of the development mode of the coal industry, help form a stable coal supply structure, increase the concentration of coal production capacity, and help strengthen coal production safety. The establishment of a stable, safe, orderly and reasonable coal market is in line with the needs of China's economic development.
While vigorously rectifying the coal industry, the development of coalbed methane has also received much attention. The plan proposes that by 2015, the newly added CBM proved geological reserves of 890 billion cubic meters to meet the needs of the CBM production capacity in the next decade. The surface CBM production will reach 9 billion cubic meters, which is 6 times of 2010 production. This measure will not only help increase gas utilization rate downhole and on the ground, reduce the incidence of coal safety accidents, but also help improve coal consumption structure.
Zhang Yulin, research director of China Investment Consulting Co., Ltd. pointed out that due to the strong demand this year, coal prices have stabilized at a relatively high level, and coal companies have generally achieved good business performance. The "Twelfth Five-Year Plan" further clarified the future direction of the coal industry and laid a good foundation for the healthy development of the industry. The next five years are the key five years for the coal industry to implement mergers and reorganizations. It is a key five years for coal companies to become bigger and stronger, and it is also a key five year for changing the development mode of the coal industry.
The "2011-2015 China Coal Industry Investment Analysis and Prospects Forecast Report" released by the China Investment Advisor shows that coal and petroleum will continue to be the main force of China's energy consumption in the coming period. To enlarge and strengthen the coal industry, increase the degree of utilization of coal resources, and realize the diversification of resource use are in line with industrial development trends, and are also in line with the guiding ideology of sustainable development. For China, where energy supply is becoming increasingly tight, how to use abundant coal resources to effectively ensure the energy demand for economic development and achieve the development goals of energy conservation and emission reduction are of great practical significance.
Merger and reorganization becomes the key point for the "12th Five-Year Plan" of the coal industry
The "12th Five-Year Plan" for the coal industry has basically been finalized and will be announced soon. The plan clarified the “four major†principles of “large groups, large bases, large mines, and large corridors†for the “Twelfth Five-Year Plan†coal work, and listed the promotion of mergers and reorganizations and the development of large-scale enterprise groups as the key tasks with a target of 100 million tons. The number of companies increased from 5 to 10. In addition, increasing the development and utilization of coal bed methane and improving the localization level of coal mine equipment are also the key development directions for the “Twelfth Five-Year Planâ€.