In 2017, China’s coal mining sector registered an improved y/y performance, which was attributed to a number of factors such as the favourable domestic economic conditions and the ongoing supply-side reform and coal industry consolidation, accompanied by high coal prices. The government continued its efforts to “clean up” the coal sector and optimise its operating efficiency through a number of measures. The main stress was put on the restructuring of SOEs, elimination of small, outdated and inefficient production facilities, as well as decreasing the excess coal production capacity. The stronger performance of China’s coal sector in 2017 was also a result of the improved balance between coal supply and demand on the domestic market, the increased power consumption and the y/y recovery of thermal power generation. The above factors contributed to improved production efficiency and higher profitability of the coal mining businesses. The revenue of coal mining enterprises rose from RMB 2,233bn in 2016 to RMB 2,544bn in 2017, while the net profit hiked from RMB 116bn to RMB 296bn. The number of coal mining enterprises rose to 5,111, up from 5,049 units in 2016.

01 EXECUTIVE SUMMARY 

02 SECTOR OUTLOOK 

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE 

05 COMPANIES IN FOCUS 

06 REGULATORY ENVIRONMENT 

07 COAL MINING 

08 IRON ORE MINING 

09 RARE EARTH MINING