(EnergyAsia, August 8 2012, Wednesday) — China’s coal mining provinces have been reducing production and slashing staff costs in an attempt to keep a growing supply glut and price decline from worsening.Weighed down by slowing demand growth and rising imports, Chinese benchmark coal prices at Qinhuangdao port have fallen more than 30% from a recent…
CHINA: Provinces cut down coal production, slash salaries to reduce oversupply
Posted on August 8, 2012 by EnergyAsia