China to shut down 4,300 old coal mines, ban new coal mines

China recently announced a three-year ban on new coal mine approvals, starting 2016. The country also allocated nearly $4.6 billion to close 4,300 small and inefficient coal mines, remove outdated production capacity of 700 million metric tons and relocate 1 million workers in the next three years. (Fuente: Mongabay)

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