Capital sought for Chinese development
Journal Article
·
· World Min. Equip.; (United States)
OSTI ID:5471777
Foreign investment will be needed to develop China's untapped coal fields. China is the world's third largest coal producer, ranking behind only the USA and the Soviet Union. Bituminous coal predominates, but anthracite and brown coal are also found in considerable quantities. China's raw coal output increased from 32.4 million t in 1949 to 650 million t in 1982. About 96% of Chinese coal comes from underground operations, and 4% from open-pit mines. Mechanized operations contribute about 40% of the national output. To reach the annual production goal of 700 million t by the end of 1985 and 1.2 billion t by the year 2000, the Chinese government is promoting a concentrated development plan for selected major fields, and is calling on foreign investors to join in their exploitation. The investment program for the development of China's coal resources is described.
- OSTI ID:
- 5471777
- Journal Information:
- World Min. Equip.; (United States), Journal Name: World Min. Equip.; (United States) Vol. 8:3; ISSN WMEQD
- Country of Publication:
- United States
- Language:
- English
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