Coal news and updates

Chinese regulators shut more coal mines amid rising concern over industrial accidents as prices continue to rise for the fuel that provides half the country’s energy. Hubei has halted all coal mining operations from June 15 to July 5 after a gas pipeline explosion in the province killed 25 people on June 13, according to a statement from the local government on Saturday. It follows Anyuan Coal Industry Group Co. on Friday halting five mines in Jiangxi province from June 21 to July 4.

 

The mine shutdowns follow a spate of deadly accidents and coincide with nationwide celebrations of the 100th anniversary of the founding of the Chinese Communist Party, which begin July 1. The halts are suppressing domestic output even as strong industrial activity and high temperatures boost demand.

 

Source : https://www.bloombergquint.com/china