"China To Close More Than 1,000 Coal Mines In 2016: Energy Bureau"

"China will aim to close more than 1,000 coal mines over this year, with a total production capacity of 60 million tonnes, as part of its plans to tackle a price-sapping supply glut in the sector, the country's energy regulator said.

China is the world's top coal consumer but demand has been on the wane as economic growth slows and the country shifts away from fossil fuels in order to curb pollution.

In a notice posted on its website on Monday, the National Energy Administration (NEA) said the closures would form part of the plan released earlier this month to shut as much as 500 million tonnes of surplus production capacity within the next three to five years. (www.nea.gov.cn) "

David Stanway reports for Reuters February 22, 2016.

Source: Reuters, 02/23/2016