Chinese Premier Li Qiang has signed a decree of the State Council, unveiling a new regulation on coal mine production safety.
The new regulation, which takes effect on May 1, 2024, aims to improve production safety at the nation's coal mines, prevent and reduce safety-related accidents, and enhance protection of people's lives and property.
By placing production safety as a top priority, the regulation stresses sound management and strict overhaul of various risks and hidden dangers. It orders coal mine operators to conduct self-checks on various risks and make rectifications accordingly.
The regulation specifies that coal mine businesses must strengthen their main responsibilities, and that local Party and government officials are obligated to carry out strict supervision of production safety.
The regulation also stipulates various penalties for violations, spanning fines, business access restrictions, suspension of production, and business closures.
| Index | RMB/t | DoD | Basis | Date |
|---|---|---|---|---|
| Datong 5500 | 455 | 0 | ex-mine | 07-01 |
| Shuozhou 5200 | 445 | 0 | FOR | 07-01 |
| Ordos 5500 | 420 | 0 | ex-mine | 07-01 |
| Yulin 6200 | 540 | 0 | ex-mine | 07-01 |
| Liulin Low-sulphur | 565 | 0 | ex-mine | 07-01 |
| Gujiao Low-sulphur | 1095 | 0 | FOR | 07-01 |
| Xingtai Low-sulphur | 1210 | 0 | ex-Factory | 07-01 |
| Yangquan PCI | 795 | 0 | FOR | 07-01 |
| Index | RMB/t | WoW | WoW% | Date |
|---|---|---|---|---|
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