China allows more local coal production

THE Chinese government is allowing a wider range of producers to increase output with the approach of the northern hemisphere winter, according to analysts at Citigroup Inc, China International Capital Corp and China Coal Transport and Distribution Association.

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China allows more local coal production China allows more local coal production China allows more local coal production China allows more local coal production China allows more local coal production

The move could take the heat out of the coal price, which has more than doubled over the past nine months since the Chinese government implemented a program of restricted working days for its coal

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