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China's ban on new coal mines unlikely to impact surplus capacity
Published Mon, Jan 18, 2016 · 09:50 PM
Beijing
CHINA'S decision to stop approving new coal mines for three years has been applauded by green groups, but the move is likely to make barely a dent on the world's biggest coal industry given its vast existing production capacity.
Some estimates suggest China's surplus capacity could be as high as two billion tonnes of coal a year - more than 50 per cent of 2015 output - in a country with nearly 11,000 mines.
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