China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.
Shanxi is the country's second-largest coal-producing province. It plans to shut down 32 coal mines with total capacity for 20.74 million tonnes per year in 2020, as part of the country's drive to reduce pollution and overcapacity in the coal sector.Coal de-capacity is part of China's supply-side reforms, which includes policies intended to reduce domestic coal production and...