Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Lu’an Group, a large Shanxi-based coal producer, completed what was, according to state newsletter People’s Daily Online, China’s first manned test of an underground refuge chamber on April 10. A team of 80 miners, rescue workers and researchers stayed in a permanent refuge chamber in the company’s Changcun coal mine for 48 hours. Read more
