China mine blast kills 82, coking coal futures hit daily limit
A gas explosion at Shanxi province's Liushenyu mine killed 82 workers and triggered daily limit moves in Chinese coking coal futures as traders priced in supply disruptions and safety crackdowns. The mine, flagged as disaster-prone for high gas content in 2024, provided blueprints that didn't match actual underground layouts, hampering rescue efforts in China's deadliest coal accident since 2009. President Xi ordered a "rigorous and uncompromising" investigation while state authorities detained company officials, setting up nationwide mining inspections that typically force temporary production cuts across coal-producing regions.
Sources
- China Coal Mine Blast Investigation — Mining
- China Coal Mine Explosion — Abc7news
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