The 12th Five-Year Plan of Coal is released to vigorously develop the western widening foreign transportation channel
The reporter was recently informed that the draft of the “12th Five-Year Plan†for the development of the coal industry led by the National Energy Administration (hereinafter referred to as “planningâ€) was just released in May. According to the plan, China’s coal mine construction will control the eastern and stable during the “Twelfth Five-Year Plan†period. In the central part, the development of the western region will be vigorously carried out, especially in Inner Mongolia, which will account for 26% of the country's new construction. The plan also indicates that priority is given to the construction of large-scale open pit mines. At the same time, the development of high-quality coking coal and anthracite resources is carried out. On the coal transportation channel, the Jitong line responsible for the Mongolian coal transportation will be greatly expanded, and the Mengyu line will also be built, which will greatly release the coal production capacity in Inner Mongolia. According to analysts' analysis, the new capacity will focus on the planning of Mengni Coal, priority construction of open pit mines, and large expansion of Mongolian coal export channels. It is expected to make open-pit coal industry (20.37, -0.11, -0.54%) and Pingzhuang Energy (14.00). , -0.19, -1.34%) benefit from two listed companies; Lu'an Huaneng (56.75, -0.95, -1.65%) will benefit from the protective development of coking coal and anthracite and the expansion of coal transportation channels. China Shenhua (27.37, 0.03, 0.11%) will benefit from the integration of coal resources in Shaanxi and the large expansion plan for coal transportation channels. Vigorously develop Mongolian coal to build large-scale open-pit mines According to the plan, by 2015, coal production will reach 3.79 billion tons, an increase of 550 million tons from 2010, while the national coal output in 2010 was 3.24 billion tons, an increase of 890 million tons from 2005. In other words, the increase in coal production during the “Twelfth Five-Year Plan†period was significantly less than the increase in the “Eleventh Five-Year Planâ€. In the case of a sharp drop in production, the focus is on coal production in the western region, especially in Inner Mongolia. Because according to the overall layout principle of the plan, it will control the east, stabilize the central and develop the west. In the eastern region, the depth of exploration will be controlled at 1200 meters and the construction of new wells will be shallow at 1000 meters. For the key mining areas in the central part, it will also limit the construction of deep wells by 1000 meters. For the western region, the integration of large coal bases such as Shendong, Shanbei, Huanghua and Ningdong and the exploration of planned mining areas will be vigorously promoted. It is worth noting that the Mengdong lignite resources will be explored around key projects, and the integrated development of coal-fired power projects will be implemented in the Mengdong brown coal mine area, with priority to build large-scale open-pit mines, with a focus on northeast China. The plan emphasizes that the construction of the new well is mainly based on large-scale modern coal mines, and priority is given to the construction of large-scale open pit mines, extra-large mines and coal-electricity integration projects. It is worth noting that from the new capacity index, the plan determines that the new construction scale of the “Twelfth Five-Year Plan†will be 500 million tons/year, plus the “11th Five-Year Plan†transfer construction scale, and the final completed production scale will be 550 million tons/ In the year, Inner Mongolia received a capacity index of 130 million tons per year, accounting for 26% of the total, which is a key concern. Secondly, it is Shaanxi and Shanxi. The expansion of the Mongolian coal export channel, a person in charge of the Coal Department of the Inner Mongolia Energy Bureau, told reporters recently: "At the end of 2010, Inner Mongolia's coal output reached 786 million tons, ranking first in the country. At the end of the 'Twelfth Five-Year Plan, reaching one billion tons No problem, the key issue is how to transform and deliver on the spot.†Therefore, coal transportation has become one of the key contents of the “Twelfth Five-Year Plan†for coal. According to the plan, the passage of coal transportation in Inner Mongolia will also be greatly expanded to enhance the capacity of Mongolian coal transportation and release local production capacity. By 2015, the capacity of the Jitong line from Wulanchabu, Inner Mongolia to Tongliao will increase from 15 million tons in 2010 to 35 million tons, while the “12th Five-Year Plan†will be built into the Mengyu line, which will contribute 40 million tons of capacity. At the same time, Shenhua's Yuhuang Railway capacity will increase from 160 million tons in 2010 to 250 million tons, and the long-haul capacity from Changzhi to Hebei will increase from 15 million tons to 62 million tons. Changzhi is the location of the Luanhuan. At the same time, our reporter also learned that the “Twelfth Five-Year Plan†comprehensive transportation system development plan also regards the construction of coal transportation channels as one of the key points. The plan stipulates that “the construction of the West-West Transit Channel from the Mengxi area to the Caofeidian Port Area of ​​Jingtang Port and the Jinzhongnan Area to the Shandong Coastal Port. Planning and construction of the energy base from Mengxi and other areas to Hubei, Hubei, Hunan, Jiangxi and other central areas. The new channel of Nanyun. Optimized and perfected the coal transportation system, the coal transportation channel capacity reached about 3 billion tons. It can be seen that Inner Mongolia coal transportation and Shanxi coal transportation are its main contents. Qi Yun Securities analyst Gong Yunhua believes that in the future, the performance of coal enterprises in Inner Mongolia will be directly linked to the improvement of railway and other transportation facilities. It is necessary to actively pay attention to the impact of the release of new railway capacity in the future on listed coal enterprises. Protective development of coking coal and anthracite coal It is worth noting that the draft of the “12th Five-Year Plan†for coal industry development also stipulates that in the Sanjin area, protective development of high-quality coking coal and anthracite resources will be implemented. During the “Twelfth Five-Year Plan†period, the production of coal for power generation and chemical raw material coal will be mainly increased, and the production of high-quality coking coal will be moderately controlled. Under the background of soaring coking coal prices, the protection development of high-quality scarce coal is very obvious. The protective development varieties will mainly include high quality coking coal for refining coke and high quality anthracite for chemical products. At present, high-quality coking coal has been strategically protected as a special and rare coal in Australia, the United States, Canada and other countries. Coking coal is a strategic resource for global competition in the future. Qilu Securities believes that China's and India's coking coal imports will grow rapidly in the future, and Japan and South Korea will become the largest importers, and the degree of grabbing coking coal resources will gradually increase. Therefore, this also determines the medium- and long-term upward trend of coking coal prices. The state's control over scarce resources is increasing, and large coking coal and anthracite coal groups will benefit from resource integration. Encourage mergers and acquisitions to significantly increase industrial concentration In terms of enterprise development, we will continue to cultivate large coal groups and encourage mergers and acquisitions to become a key component of the “12th Five-Year Plan†for the coal industry. The goal of the plan is to form a super-large coal enterprise of 10 billion tons and 10 50 million tons, with coal production accounting for more than 60% of the country. The plan confirms that key coal-producing provinces such as Shanxi, Inner Mongolia, Henan, and Shaanxi should take large coal enterprises as the main body to further enhance industrial concentration and promote the development of coal resources. For mining areas that have set up mining rights, encourage advantageous enterprises to integrate scattered mining rights and increase the scale and intensification of exploration and development. The plan emphasizes supporting the development of large-scale enterprise groups, prioritizing the construction of large-scale coal enterprise group projects, supporting large-scale enterprise mining areas, cross-industry and cross-ownership mergers and acquisitions with capital, technology and management advantages, and supporting large enterprises to invest in foreign countries to cultivate and cultivate one. Approved large-scale enterprise groups with international competitiveness. At the same time, with the large coal enterprise group as the main body of development, the construction of 14 large coal bases such as Shendong, Shanbei and Huangqi was steadily promoted.
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