Govt considers coal sector restructuring

The National Energy Administration is planning to promote more mergers and acquisitions in the country's coal industry in an effort to intensify the government's macroeconomic control and deal with overexploitation and over competition in the industry.

"Guidance of mergers and acquisitions in the coal industry has been submitted to the State Council and we're waiting for the approval," an official from the National Energy Administration said.

Industry insiders regarded it as a signal for a new round of reshuffling in China's coal sector.