SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3.
The suspension is likely to further tighten supplies of iron ore concentrate in Tangshan and support iron ore prices as a result, SMM believes
Local governments have to take effective measures to ensure full-scale suspension across those mines.
To obtain licences, mines must meet the following conditions: standardise operational procedures to ensure safe production; establish supervisory bodies; educate and train employees on safe production; provide injury insurance for employees; furnish the workplace safely; improve infrastructure and equipment to meet safety standards; and prepare emergency plans and equipment.
For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn