China says major coal firms restore 95% of production capacity

12 straight months of losses see 129,000 positions eliminated, the deepest jobs cuts in 29 years and the third worst annual decline since 1939.

Delhi is hoping the measure will reduce the nation’s reliance on coal imports.

Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.

Only 0.6% of private capital raised in 2015 for natural resource investment is for mining projects–one wind farm fund attracted more than the entire sector.

Eleven of the 28 deaths last year occurred at coal mines, a sector that has seen employment decrease significantly in recent years, especially in Appalachia.

The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.

Hard decisions by some mining companies are required in 2016 if they are to avoid solvency problems, warns the Bank of Merrill Lynch.

With temperatures that can drop to nearly -50°C, these mines offer some of the most challenging working conditions in the world.

Halifax-based Kameron Coal is looking for people with experience in room and pillar mining.