China’s Jinchuan trumps Vale’s Metorex bid

One of the standout commodity stories so far this year has been China's demand for thermal coal, with the world's largest importer seeing record shipments.

Batang industrial park already hosts nearly 20 companies in 10% of its total area of 4,300 hectares.

KNS stopped its operations in March after Glencore decided to sell its interest following years of losses at the operation.

The strategy could help the industry qualify for US government subsidies.