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China's Smog Could Derail Global Coal Projects

Yahoo Finance

A choking smog across much of northern China threatens not just the health of local residents, but also of major coal projects globally that are still on the drawing board.

Beijing's plans to tackle pollution largely target coal-fired power, which will hit already slowing demand in the world's top importer of the fuel. With China's coal demand the primary driver for a slew of mine investments over the past decade, this trend could derail a list of capital intensive coal projects from Australia to Indonesia and Mozambique.

Reporting by Fayen Wong, REUTERS.