Shanxi Coking Coal unit halts production after fatal accident

Huajin Coking Coal, a subsidiary of Shanxi Coking Coal Energy Group, has halted production at its Shaqu No. 1 Coal Mine following a fatal accident on January 23, 2025. The mine, which has an annual capacity of 4.5 million tonnes, represents 9.2% of the parent company's total capacity. Government authorities are investigating the incident. Huajin Coking Coal is implementing safety reviews and reinforcing safety protocols to prevent future occurrences. While the incident is not expected to materially impact Shanxi Coking Coal's debt repayment abilities, bond trustee China Securities Co. is monitoring the situation closely.