China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China’s top economic planner has given the nod for three new coal mines, costing CNY18.2 billion (USD2.6 billion), to be built in the north of the country. One will be in Shanxi province and Inner Mongolia will house the remaining two, the National Development and Reform Commission said in a statement today. Their combined production will reach 27 million tons a year and their completion will trigger the end of smaller mines in the regions. Source: Yicai Global

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