China aims to supersize coal sector through mergers

China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as the world's biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country's National Development & Reform Commission (NDRC) said in a statement that by the end of 2020, China plans to form a number of mega-miners, each with the capacity to produce 100-million tonnes per year of coal, which will compete on the global market and help to modernise the sector.