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MASS BANKRUPTCY OF KUZBASS COAL MINERS IS COMING TO ITS FINAL STAGE

7 coal mining companies of Kuzbass are at the stage of bankruptcy proceedings at once. A significant part of them received the bankrupt status in the period from 2016 to 2021. Many organizations suffer losses, and some of them have reported zero revenue....

Chinese energy companies concerned about bankruptcy due to rising coal prices

... exacerbate the employment problems faced by manufacturers, especially small and medium-sized businesses. Due to the skyrocketing demand for electricity, some provinces in China are already experiencing catastrophic power shortages. Against this background, coal prices began to rise. As noted by Oilprice.com, Chinese energy companies face the real possibility of bankruptcy. Coal accounts for over 50 percent of China's energy balance. The recent squabble with Australia has already made the supply of coal ...

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