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China tells major mines to increase daily thermal coal output by 500,000 tonnes

Seventy-fourmajor coal mines in China have been ordered by the National Development andReform Commission to boost thermal coal production by an additional 500,000tonnes per day, Reuters reported, citing sources.

The moveis part of China's efforts to moderate supply shortages ahead of the winterseason and comes weeks after the government unveiled plans to coal productioncapacity restraintsthat have resulted in rallying global coal prices.