China's State Administration of Work Safety has announced its intention to close 1000 small coal mines this year to further eliminate obsolete capacity. It also urged large-scale coal mines to regroup and to reconstruct smaller rivals by merger and acquisition.
SAWS will release economic compensation policy for those affected and will encourage local governments to set up exit mechanism for legal small coal mines and to explore and establish a system of supervision and punishment with regards to accidents.
Almost two-thirds of China's coking coal is produced by small coal mines, whose safety has been the butt of some criticism. A gas explosion at the Tunlan Coal Mine in Shanxi province on Sunday has killed at least 74 workers.
No comments:
Post a Comment