17 February 2019

China to shut 2,000 small coal mines by end-2015, paper says

China is planning to close more than 2,000 small coal mines by the end of 2015 in a bid to improve safety in the industry, the National Business Daily reported Monday, citing a State Council notice. The closures will mostly affect mines that produce less than 90,000 metric tons per year, it said. Meanwhile, approvals for new mines with an annual production capacity of less than 300,000 metric tons will be stopped and operators will have to meet production safety measures to get under way, the paper said. The government will offer preferential credit and tax policies to promote restructuring in the industry, it said.

– Contact HKEJ at [email protected]



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