BEIJING - Seven of China's major coal-producing groups have called on the sector to boost supply and keep prices within a reasonable range, as increasing domestic demand fuels rising pressure in the spot market.

In a joint initiative by the national coal association as well as the coal transportation and distribution association, the seven energy suppliers stressed the need to ink medium and long-term contracts at an early date in 2021, which could serve as a prop for price stability.

Significant results in exploration, coal bed extraction

China has made progress in increasing domestic oil and gas production over the past five years, while the country vows to continuously step up construction of storage facilities and accelerate building trunk oil and gas pipelines to further ensure domestic energy security.

Experts urge efforts to increase reserves, diversify imports to improve overall mix

China should further enhance its energy security by increasing exploration and exploitation of upstream resources and by reducing reliance on external sources for energy, domestic industry insiders said.

On the afternoon of October 22, China Mining Conference and Exhibition 2020 (the 22nd session) opened in Tianjin. With the theme of "Responsibility, Innovation and Governance", this session advocates countries to strengthen exchanges and cooperation in fulfilling corporate social responsibility, innovating development mode and industry self-discipline, so as to promote sustainable development of mining industry image remodeling.

Jinyun news: on October 22, 2020, China Mining Conference and Exhibition 2020 (the 22nd session) (hereinafter referred to as "CHINA MINING") was held in an online way.

Jinyun news: on October 22, 2020, China Mining Conference and Exhibition 2020 (the 22nd session) (hereinafter referred to as "CHINA MINING") was held in Tianjin. The important activities of the event include the opening ceremony, online cloud negotiation, enterprise video exhibition, theme forum, symposium, country promotion, projects promotion and online exhibition.

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