China’s Coal Output Drops Dramatically After Mine Collapse
Coal production in China suffered its biggest monthly decline in a decade after a deadly explosion occurred in a mine in Shanxi province. Shanxi province accounts for one-quarter of the country’s coal production, in addition to being the biggest supplier of coking coal, which is utilized in the manufacture of steel. The explosion triggered widespread safety inspections and temporary closures of mines across the country’s coal-producing region. In June, the East Asian nation produced 381 million tons of coal, representing a more than 9% decline as compared to last year’s figures for the month of June. The Liushenyu mine explosion occurred towards the end of May and led to 82 fatalities. Investigations uncovered safety violations at the site,…