This paper describes the state-of-the-art and Outlook of coal mining and clean coal technology in China. As the major mining method,underground mining accounts for 96% of the total production. Among the state own mine...This paper describes the state-of-the-art and Outlook of coal mining and clean coal technology in China. As the major mining method,underground mining accounts for 96% of the total production. Among the state own mines, the percentage of mechanized mining reached 71 %. A rapid development of high-productive and high-profitable mines,especially those with longwall sublevel caving method, is described. The issues of heavy duty equipment, roof bolting,mine safety are also addressed. The Chinese government is paying more and more attention on the environmental problems inducing from coal mining,processing and utilization. A basic framework of clean coal technology is being formed and a wide range of technology is included.展开更多
With the rise of coal price, the proportion of loss-making enterprises shows an upward trend in China＇s coal industry. This paper uses Altman Z-Score model to measure financial risk of 19 listed companies in the coal...With the rise of coal price, the proportion of loss-making enterprises shows an upward trend in China＇s coal industry. This paper uses Altman Z-Score model to measure financial risk of 19 listed companies in the coal industry in A-share market from 1995 to 2007. Empirical results show that Year-Based price index of coal price has a negative correlation with the financial risk but has no significance, and coal chain price has a significant negative correlation with the financial risk. Further research indicates that enterprises increase bad investment, and a lot of debts caused by short-term rise in coal prices. The results also show that the financial risk in the coal industry declines with the rise of GDP growth rate and increases with the rise of inflation rate.展开更多
文摘This paper describes the state-of-the-art and Outlook of coal mining and clean coal technology in China. As the major mining method,underground mining accounts for 96% of the total production. Among the state own mines, the percentage of mechanized mining reached 71 %. A rapid development of high-productive and high-profitable mines,especially those with longwall sublevel caving method, is described. The issues of heavy duty equipment, roof bolting,mine safety are also addressed. The Chinese government is paying more and more attention on the environmental problems inducing from coal mining,processing and utilization. A basic framework of clean coal technology is being formed and a wide range of technology is included.
文摘With the rise of coal price, the proportion of loss-making enterprises shows an upward trend in China＇s coal industry. This paper uses Altman Z-Score model to measure financial risk of 19 listed companies in the coal industry in A-share market from 1995 to 2007. Empirical results show that Year-Based price index of coal price has a negative correlation with the financial risk but has no significance, and coal chain price has a significant negative correlation with the financial risk. Further research indicates that enterprises increase bad investment, and a lot of debts caused by short-term rise in coal prices. The results also show that the financial risk in the coal industry declines with the rise of GDP growth rate and increases with the rise of inflation rate.
