Caixin
Dec 14, 2021 04:51 AM
BUSINESS

China Fines Second-Largest Coal Producer for Safety Shortcuts

Jinneng Holding Group is the second-largest coal company in China, with output of 300 million tons in 2020.
Jinneng Holding Group is the second-largest coal company in China, with output of 300 million tons in 2020.

China fined and suspended output at its second-largest coal producer for exceeding production caps and ignoring safety checks after coal mines were urged to operate at full capacity since October to address severe power shortages.

State-owned Jinneng Holding Group Co. Ltd. ordered indiscriminate production increases and told its mines to cancel all annual and monthly safety checks and to simplify daily checks, according to the National Mine Safety Administration.

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