China Intends to Create a Strategic Coal Reserve by 2015
Source: Mineweb (9/4/08)
Fed up with the high price of coal, which makes up more than 69% of China's energy matrix, China's National Energy Administration intends to create a legislative framework to create and manage a strategic coal reserve.
The plan is now undergoing public consultation review under the auspices of the China National Coal Association (CNCA) and the China Coal Information Institute...
About 75% of China's coal supply is utilized in domestic power generation.