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China Coal Suspends Mining Operations Following Shanghai Fatalities
Apr. 11, 2012 11:05AM PST
Industrial Metals InvestingReuters reported that China Coal Energy Company Ltd. (HKG:1898) halted operations at all mines owned by its Shanghai unit after four miners were killed by flooding at one of the mines in the unit.
Reuters reported that China Coal Energy Company Ltd. (HKG:1898) halted operations at all mines owned by its Shanghai unit after four miners were killed by flooding at one of the mines in the unit.
As quoted in the market news:
The accident occurred at the Kongzhuang mine owned by subsidiary Shanghai Datun Energy Resources, China Coal said in a filing with the Hong Kong stock exchange.
Shanghai Datun has suspended operations at all of its coal mines to “eliminate potential safety hazards”, China Coal said, adding that the suspension should not last long and will not have a material impact on its production.