China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.

The output accounted for 59.1 percent of the province's power load at that time, said the company.

He said the orderly promotion of clean and efficient utilization of coal has seen significant progress.

Indonesian coal producer Adaro Energy Indonesia surpassed its 2023 production and sales targets on the back of continued high domestic and international demand.

Australia-based diversified metals producer South32 has agreed to sell its Illawarra metallurgical coal operations in New South Wales state to an entity owned by Singapore-based Golden Energy and Resources (Gear) and Australia's M Resources for $1.65bn.

China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on Friday.

The Ministry of Energy and Mineral Resources (ESDM) said that the target for the obligation to supply coal for domestic use or Domestic Market Obligation (DMO) in 2024 is larger than last year.

Its installed renewable energy capacity reached 53.09 GW at the end of 2023, up 22.6 percent year-on-year, according to the Shanxi provincial statistics bureau.