Cost pressures evident in China’s coal sector

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25 March 2021

Cost pressures evident in China’s coal sector

Report summary

Albeit marginally, China was able to bring down the debt level in its coal-mining industry after a deleveraging campaign that ended in 2019. However, as the pandemic shook the economy in 2020, the industry’s debt level rebounded in the year. Several defaults reminded investors that cost pressure and high debt levels faced by the coal producers remain key challenges in the sector. To understand the financial and cost positions of coal producers, Wood Mackenzie evaluated the performance of companies involved in coal-mining business from both the listed and unlisted sectors. This insight highlights the cost differences among companies in the two sectors.

Table of contents

  • Mining costs
  • Overheads costs
  • Financial costs

Tables and charts

This report includes 9 images and tables including:

  • Listed sector cost curve (2019, raw coal basis)
  • Unlisted sector cost curve (2019, raw coal basis)
  • Mining cost
  • Overheads costs comparison (RMB/t)
  • Overheads costs (RMB/t)
  • Liability composition (listed sector)
  • Liability composition (unlisted sector)
  • Financial costs comparison (RMB/t)
  • CCE-to-short term debt (%)

What's included

This report contains:

  • Document

    Cost pressures evident in China’s coal sector

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