China tightens grip on coal market as prices continue to rise
Chinese regulators shut more coal mines amid rising concern over industrial accidents as prices continue to rise for the fuel that provides half the country’s energy.
Hubei has halted all coal mining operations from June 15 to July 5 after a gas pipeline explosion in the province killed 25 people on June 13, according to a statement from the local government on Saturday. It follows Anyuan Coal Industry Group on Friday halting five mines in Jiangxi province from June 21 to July 4.