China does a pretty lousy job of getting the most from its coal. The country uses about 3.3 tons of raw material to produce one ton of coal while at the same time the U.S. uses about 1.25 tons to get the same result. Other countries that get about an 80% return are Australia, Germany and Canada.
The “Red Panda” is going to raise the recovery rate from its current 30% to at least 50% by 2010. Less we get all excited, China had hoped to be at 40% by last year. Still, if there is no goal they most definitely will hit nothing. Ten points for trying, eh?
China also hopes to reduce energy consumption per unit of GDP by 20% and cut the emission of major pollutants by 10% within the next five years. For what is worth, China’s stated owned mines have a mining recovery rate of 44% compared to just 10% for small and private coal mines. China gets about 80% of its electricity from coal. The better they get at it, the better for all of us, no?
Image courtesy of robertg6n1