Coal Industry Restructuring To Continue
From China Daily
China will shut down 625 coal mines with a total production capacity of 23.47 million tons by the end of this year in a move to further restructure the country”s mining industry, according to a statement from the National Energy Administration.
The statement said the industry will eliminate outdated production methods, improve facilities at viable mines, conduct mergers and acquisitions and shut down illegal collieries in order to meet a government requirement to prevent deadly accidents and reduce carbon dioxide emissions and pollution.
