Approvals for small coal mines in China are to be halted
 |
| David Nealis President of Ceres Ltd. |
The Chinese State Administration of Work Safety stated on
February 25, 2013 that it will no longer approve new coal mines that do not
meet production capacity requirements in 2013.
High-Gas Coal mines with an annual production of less than
300,000 metric tons, as well as coal and gas outburst mines with an annual
production of less than 450,000 tons.
The reason stated were for safety issues, but in my opinion
I believe it’s an attempt to drive up slumping domestic coal prices and to be able to better
regulate producers in the future.
No comments:
Post a Comment