Dalian coking coal futures scaled an eight-month peak on Thursday.

Collapsed in coal mine in northern China caused two deaths and left more than 50 people missing.

The FSB said vulnerabilities in commodities are similar to those in non-bank financial intermediaries.

Miners have wrestled with surging costs and a tight labour market amid sharply lower iron ore prices over the latter half of 2022, as China's strict zero-covid-19 policy curtailed economic activity.

International Energy Agency estimates that the combined subsidies for oil, natural gas, electricity and coal hit an all-time high in 2022.

The miner is expected to make an announcement on the spinoff as early as next week.

Underlying earnings for the six months ended Dec. 31 was $560 million, compared with $1 billion in the previous corresponding period.