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The drought, the most extreme in South Africa since the start of the 20th century, shattered the fragile equilibrium between the agricultural and coal sectors.
The core industrial sector of India's economy, which includes the refining, electrical and coal sectors, grew 7.1percentt in the fiscal year ended in March, according to a government report.
The vice finance minister Zhu Guangyao quoted premier Li Keqiang as telling the US treasury secretary, Jack Lew, on Monday that the fund would mainly focus on the steel and coal sectors.
To be clear, the oil and coal sectors helped build this country and they have helped industrialize much of the world.
The metals and coal sectors aren't demand driven, but they are price sensitive to the dearth of incremental supply, particularly coal, iron ore and even copper with all its mine outages.
New jobs have been created across Chinese cities despite the fact that the country's troubled old economy ― the traditional manufacturing, steel and coal sectors ― keep downsizing and shedding blue collar jobs.
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The real action will be in the coal sector.
Little had been done in the coal sector.
"The coal sector needs CCS more than CCS needs coal," he said.
Between them, these three have provided at least €42bn to the coal sector since 2005.
It would also lead to the loss of up to 6,000 coal sector jobs.
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CEO of Professional Science Editing for Scientists @ prosciediting.com