Several Chinese Miners Are Spinning off Their Domestic Businesses at A Rapid Pace

Abstract : In large mines have set off tide to mine overseas, many small and medium-sized mines have not seen any action.

ChainDD
ChainDD

May 28

March 28 (ChainDD) According to the Securities Daily, parts of Xinjiang and Sichuan provinces have suspended power supply to mine fields, and companies related to mining pools are spinning off their domestic businesses as fast as they can.

However, in large mines have set off tide to mine overseas, many small and medium-sized mines have not seen any action.

As a large number of mining machines are difficult to sell at the desired price in a short time, and the high cost of overseas mining is even more difficult to bear, those firms are hoping for some leeway in local regulation.

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