Coal mines to close
Source: Shanghai Daily |
March 7, 2016, Monday
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Print Edition
Print Edition
A TOTAL of 510 coal mines in southwest China’s Guizhou Province will be closed in the next three to five years in a bid to cut excess capacity. Most of the pits will be loss-making “zombie enterprises” that survive only on government support or bank loans, according to an official from the provincial government. The move will reduce Guizhou’s coal production capacity by 70 million tons.
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