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China to punish coal mines in illegal construction or production

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Publish time: 28th July, 2015      Source: www.cnchemicals.com
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China has vowed to "punish" coal mines in illegal construction or production, instead of the previous milder wording of "curb", in a bid to accelerate rebalance of the market supply and demand, 12 Chinese ministries concertedly said in a statement on July 27.New coal mines or mines in capacity expansion without approval, mines in production beyond capacity and mines under great safety risk will fall into the category, the statement said.All the coal mines under construction but in lack of official approval will be ordered to stop for rectification within a prescribed period of time.For mines already built without approval but qualified to get through relevant formalities, the approving authority will ask these mines to shut backward capacity in proportion to the new capacity.The government will set stricter conditions for illegal mines with regard to project approval, outdated capacity elimination target, power supply, governmental fund support, rail transport quota, etc.In early June, China pledged to curb illegal coal production, while the focus seemed leaning to requirement on power companies, of which power generation quota would be reduced if they buy thermal coal from mines under illegal production.