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Thursday 5 July 2012

China's Mountains of Coal "fuel concerns"

Qinghuangdao port, China Daily
China is the largest consumer of coal, Qinghuangdao used to boast the largest coal port in the world. 
Since 2001 China's demand and extraction in tonnage of coal has only been increasing. 
It's largest mine is located in Inner Mongolia whose reserves are estimated at 1.73 billion tonnes.  
The main drivers for this massive consumption of coal in China are electricity and industry.
The mountains of coal building up in Qinghuangdao indicate a shortage of  shipping orders.


"Only five ships were present on Wednesday afternoon, in contrast with 70 to 80 ships daily during peak times." Read more on China Daily



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