China’s Datong to sell coal asset to recover cash

摘要

Chinese state-controlled mining firm Datong is selling itsloss-making coal mine and trading firm to address a steadyfall in profitability.The board of directors of Shanxi-based Datong hasapproved the1.8bn yuan ($274.9mn) sale of its Yanzishan coalmine in Shanxi to its parent company Datong Group.