Losses may spur Shanxi coal recast

Mining firms in key province struggle despite rebound in commodity prices

Mergers or restructuring will dominate the coal industry in the northern province of Shanxi after three major mining groups reported first-quarter losses, industry insiders said.

Out of the seven leading companies in the sector, Datong Coal Mine Group, Lu'an Group and Shanxi Coking Coal Group have struggled to balance their books, despite the rebound in coal prices.