trending Market Intelligence /marketintelligence/en/news-insights/trending/zSqHe4BZCodMjuZMWcoskA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

China to resume coal production at mines after suspension for fatal collapse

Blog

Essential Energy Insights - February 2021

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


China to resume coal production at mines after suspension for fatal collapse

After a fatal January roof collapse resulted in the suspension of operations, several mines in China will soon resume coal production, Caixin reported March 13.

The mines, located in Yulin city in the province of Shaanxi, will have a capacity of 130 million tons per year, according to a list of mines released by the city on March 11.

The mines' 150-million-ton coal production was suspended following the mine collapse that killed 21 earlier this year.

When the mines resume operations, coal prices are expected to be around 20 yuan to 40 yuan per ton, a decrease from about 150 yuan per ton seen immediately after the collapse.

Yulin made up 12% of China's total 2018 production or 456 million tons.

As of March 12, US$1 was equivalent to 6.71 Chinese yuan.