mineral exploration project – commodity prices – mining stock- trade and market

Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials.

Due to the rising number of accidents in its coal mining industry, the central government of China has come out with a new policy to tackle the problem. As a result, the number of small and medium size mining companies will be eliminated due to the high rate of accidents, leaving only companies whose capacity exceeds 90M tons annually. The problem now is that this policy will also cause metallurgic (met) coal production to drop significantly as over half of the met coal in the nation is from Shangxi province.