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Chinese coal traders clog Mongolian border town seeking high-value fuel | Hellenic Shipping News Worldwide

Chinese coal traders clog Mongolian border town seeking high-value fuel | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Chinese coal traders clog Mongolian border town seeking high-value fuel

Chinese coal traders are rushing to the small town of Ganqimaodu on the Mongolian border to cash in on imports as prices of the fuel have soared nearly 40% in a month after mine safety checks crimped supply while industrial demand is rising. The dash to secure Mongolian supplies illustrates coal's continued preeminence in the energy mix of China, the world's biggest consumer of the fuel.

Survivor of quake may recover soon

In a miracle of survival, a man was injured in an earthquake and lived alone for 17 days in the wild, subsisting on fruit as he struggled with a broken leg and fractured ribs.

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