China coal hub Shanxi to merge five giant state-owned miners as part of efficiency drive

//China coal hub Shanxi to merge five giant state-owned miners as part of efficiency drive

China coal hub Shanxi to merge five giant state-owned miners as part of efficiency drive

China’s coal-rich Shanxi province will consolidate five large state-owned companies into a mega coal producer, with annual output nearly matching that of Australia, in a deal that is set to reshape the nation’s coal industry.The move, aimed at increasing efficiency in China’s fragmented coal industry, is part of Beijing’s drive to improve the operation of state-owned enterprises, which are still considered the backbone of the economy.The provincial government of Shanxi will amalgamate the five…

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By | 2020-10-06T11:44:55+00:00 October 6th, 2020|Business|Comments Off on China coal hub Shanxi to merge five giant state-owned miners as part of efficiency drive