Sentences with phrase «small coal mining companies»
«The reason is because some local government officials are investing in those small coal mining companies,» he said, adding that the collusion of the local government and small coal miners thwarts Beijing's efforts to shut down the low - tech coal companies whose operations often harm the environment.
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Industry officials insist that safety will improve as large Chinese coal companies like the Shenhua Group buy out smaller mines, and new technologies develop that can detect dangerous methane gas and automatically shut down mines.
But it's just a small slice of the money the industry has amassed; amidst the punishing economy of 2008, the top five U.S. coal mining companies saw their profits more than double to $ 1.9 billion last year, the Center reports.