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China Maps Out 2030 Vision for Modern Coal Industry

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Beijing unveiled a plan to build a modern coal system by decade's end, balancing energy security with green goals, state media Xinhua News reported Tuesday.

The National Development and Reform Commission and the National Energy Administration aim for peak coal use during 2026 to 2030.

Large mines will account for 87% of capacity by 2030, and intelligent mines 75%. Five major supply bases will deliver over 80% of output.

The plan also targets 26 billion cubic meters of coalbed methane production and 6.5 billion cubic meters of coal mine gas utilization by 2030.

What else is happening in Asia?

Asia

Xingyun Technology Denies Reports of Computing Power Card Import Detention by Customs

Xingyun Technology (SHE:300209) denied media reports that Customs detained its computing power cards, according to a Wednesday filing with the Shenzhen bourse.The cross-border e-commerce and software development company said its imports are compliant with Chinese customs law and its business processes are complete.Customs did not delay any of the company's imports, adding that they are being delivered normally according to plan, the company said in the filing.Shares rose 2% during the midday break on Wednesday.

SHE:300209
Asia

AGL Energy's Fiscal 2027 Dividends to Ahead of Expectations, Jefferies Says

AGL Energy's (ASX:AGL) fiscal 2027 guidance is below market expectations, and its net profit after tax (NPAT) drives dividends, which will be higher in fiscal 2027 relative to expectations, Jefferies said in a note on Wednesday.Its fiscal 2027 guidance range for earnings before interest, taxes, depreciation, and amortization (EBITDA) is between AU$1.9 billion and AU$2.2 billion, and its NPAT guidance is between AU$470 million and AU$670 million.The guidance assumes stable consumer margins, a full-year Liddell Battery contribution and the remaining cost-out benefits, which will be offset by lower wholesale electricity prices rolling through contracted positions and higher gas costs as legacy contracts expire.Expectations for AGL's fiscal 2027 guidance had been reduced since the result for the first half of fiscal 2026, with consensus EBITDA down 4.7% and consensus NPAT down 9.5%.The investment firm maintained its buy rating on AGL Energy with a price target of AU$11.21 per share.

ASX:AGL
Asia

CSBC Corporation Gets Work Stoppage Notice for Keelung Plant

CSBC Corporation (TPE:2208) has received a work stoppage notice from the Occupational Safety and Health Administration of the Ministry of Labor, Taiwan, following an incident at Keelung shipyard that caused the death of a worker, according to a Tuesday filing to the Taiwan stock exchange.In compliance with the order, work has been suspended for improvement purposes starting on Aug. 3 at the company's Keelung plant, where aerial work platforms are used for ship repair and painting operations, and related areas.According to a preliminary assessment, there's no significant impact on the company's finances and operations, the company said.

TPE:2208