China to spend 30B yuan to close 4,300 coal mines in next 3 years

摘要

The Chinese government is designating 30 billion Chinese yuan to close 4,300 coal mines and cut annual production capacity of the fossil fuel by 700 million tonnes, in addition to banning new mine approvals over the next three years, Reuters wrote Jan. 21, citing a report from China's state-owned news agency Xinhua.