Yesterday evening, the domestic coal giant Coal Energy announced that the extraction of coal enterprises in Shanxi Province will suspend mining environmental restoration fund and transformation fund, and this is bound to be good policy, "corresponding increase in the company's annual profits." 

Announcements, from August 1, 2013 until December 31, pausing to extract coal mining enterprise environmental restoration fund and converting coal development funds. 

China Coal Energy, said the measures to reduce the company in Shanxi coal production costs. Currently, mining environmental restoration fund accrual standard coal production by 10 yuan / ton extraction, transformation fund provision for standard coal production by 5 yuan / ton extraction, extraction of two funds included in production costs. 

The coal industry in the former golden years, the profitability of enterprises are quite good, which leads to the introduction of the provinces and territories impose charges under various names, so that the coal industry, the phenomenon appears fee greater than the tax. However, since last year, coal prices began to "stumble endlessly," coal enterprises in this context, have exposed an huge loss of performance or even crash. 

Earlier this month, a group of Shanxi Bureau of Statistics released data show that the coal price continued to fall, most of the coal enterprises in Shanxi coal sales prices have been approaching the cost of production lines, 1-May half loss of coal enterprises, more than 1 / 10 coal enterprises have ceased production. 

Some analysts said that the current collection of several relatively large total cost of up to 60-130 yuan / ton, accounting for nearly 20% of the current price of coal. 

"Although this is just one part of a burden, but the local coal prices will certainly help, especially this time burden for cleaning up other unreasonable actions levy will play an exemplary role." An industry source said, he also pointed out, "The short-term measures in Shanxi Province will enhance the performance of local coal listed companies in the second half."