A second batch of fund raised from government bonds sales will go towards helping domestic coal mines strengthen safety production, according to the State Development and Reform Commission.
Giving no specific amount, Vice Director of the Commission Zhang Guobao said that the fund will be mainly used to prevent gas blasts, a top killer of China's coal mines.
According to Zhang, the Chinese government plans to invest a total of 15 billion yuan (1.81 billion US dollars), with 3 billion yuan (about 362.76 million US dollars) from central government, to boost safety standards in coal mines unable to meet regulations.
Currently, a research center on coal mine gas project is under construction while detailed guidelines on the prevention and treatment of coal mine gas are being established, Zhang said.
Earlier this year, a special fund of 50.2 million yuan (about 6.07 million US dollars) raised from bond sales also went towards developing coal mine safety facilities.
Source: Xinhua