Shanxi coal mergers on track

Coal industry consolidation in China’s Shanxi Province, is on track however may not lead to a growth in output any time soon.

The news release is quoted as saying:

Ninety-eight percent of merger and acquisition contracts have been signed between small mines and bigger mining companies, and more than 80 percent of mining licences have changed ownership. Analysts said completing the task of merging the mines does not necessarily mean Shanxi’s coal production will jump soon.Some analysts expected Shanxi’s coal production not to fully return until next year.

Click here to access the entire press release