February 04, 2013 at 07:00 AM EST
Chinese Coal Sector Consolidates as Indian Coal Imports Surge
The Chinese coal sector is maturing and growing sleeker through consolidation, according to a report from Xinhua. At the end of 2012, the number of large coal-producing companies — those with revenues greater than 20 million yuan — shrank by nearly 20 percent, from 7,700 firms to 6,200. This streamlining was reportedly driven by overcapacity. Data from [...]
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