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China’s deadly coal mine collapse may hit supply as power demand recovers after zero-Covid exit
- The collapse at an open-pit mine in the Alxa League region left five dead and around 50 missing, according to local media
- It comes just as power demand is showing signs of a recovery after an extended Lunar New Year break and the abandonment of Beijing’s zero-Covid policies
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A deadly accident at a coal mine in Inner Mongolia could test China’s ability to supply the fuel necessary for its economic recovery.
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The collapse at an open-pit mine in the Alxa League region left five dead and around 50 missing, according to local media, in what could prove to be the worst accident of its kind in years.
A spate of fatalities at mines in 2021 led to a nationwide safety campaign that disrupted operations and curbed supply, and the latest disaster will bring those efforts back to the fore, Morgan Stanley analysts including Sara Chan said on Thursday.
The severity of the incident prompted a response from President Xi Jinping, who called for an all-out rescue effort and probe into its causes.
02:20
At least 2 dead, 53 still missing after open-pit coal mine collapse in northern China
At least 2 dead, 53 still missing after open-pit coal mine collapse in northern China
Local officials have ordered coal mine inspections across Inner Mongolia, China’s No. 2 producing region, according to a statement.
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