Yunan government gives compensation of RMB100/t to mines directly closing and exiting
2020-05-26 17:54:00 [Print]
On May 22, the Yunnan provincial government website published the opinions of Yunnan Provincial People's Government on promoting the renovation of the coal industry in Yunnan Province, which adjusted and refined the coal closure policy in the province. In addition to increasing the conditions for direct withdrawal, those meeting certain conditions can be retained alone, integrated and restructured, and put forward the support policies for closure and withdrawal. Among them, the provincial government will give a one-time compensation to the legal and compliant coal mine capacity which is directly closed and exited on the basis of the standard of RMB100/t (USD14.02/t). The coal mines involved in the integration and reorganization and those mining within a definite time shall not be compensated.
