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China orders miners, utilities to sign more long-term coal deals to ease price woes

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Requiring miners to commit to larger, long-term volumes would reduce costs for China's electric utilities, which have suffered mounting losses in recent months as coal prices have climbed.

Beijing

CHINA'S embattled power companies may receive a long sought after reprieve from rising coal prices after the country's state planner ordered miners to increase the share of supplies sold through lower-priced long-term contracts.

The National Development and Reform

sentifi.com

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