Baotailong New Materials (SHA:601011) received official approval to resume production at the Baotailong No. 3 Mine in Heilongjiang, China as a full-scale mine, according to a Tuesday aftermarket filing.
The 300,000-ton-per-year facility passed all safety inspections under provincial and municipal regulations, with authorities confirming it meets all conditions for operation.
Shares of the coal producer closed 4% lower Wednesday.
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