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Shenhua Said to Be Allowed Higher Coal Output to Curb Prices

  • Miner set to raise production by as much as 2.79m mt in Sept.
  • Steelmakers lobby govt to raise coal supply amid low stocks
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China Coal Giant to Curb Prices by Lifting Output

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China’s biggest coal producer will raise output this month amid a government-led attempt to coordinate production after a price surge this year drew complaints from consumers.

Fourteen coal mines owned by Shenhua Group may raise coal output by as much as 2.79 million metric tons this month, according to people with direct knowledge of the matter, who asked not to be identified because the information is private. Inner Mongolia Yitai Group Co. and China Huadian Corp. have also been allowed to increase output in September.