"Coal mine disasters 592 in the first 3 months of the year up from 509 a year ago. As of March 1 this year the number of coal mines under construction or renovation hit 7939
Failures by mines and local supervisory bodies to ensure safe work also contributed to the rise in accidents. In some cases safety supervisors fled the scene along with mine owners.
The central government ordered month long safety checks nationwide in April. They hope the total death toll falls below lasts years 2631 fatalities
Mines in China are said to be more prone to methane gas explosions and underground floods than those in the US and Australia. "
One would think there is still plenty of opportunity for IDL in amongst this shambles.
IDL Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held