Caixin
Dec 22, 2011 07:20 PM

Merging Chongqing Mines and Digging Up Dirt

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Reducing the number of coal mine companies to 1,000 from about 1,500 as part of a government-directed downsizing project was a huge undertaking for business owners and officials in Chongqing Municipality.

Especially daunting was the assignment to consolidate small mining concerns – the bulk of the local coal sector – until only 500 remained.

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