Outflowing 'mining' cash triggers concerns (2)

The capital exiting from the coal mines has triggered concerns that the amount of money, though the specific figure is not known either from the government or the barons themselves, is likely to push up market prices if not properly controlled.

The capital that left the city of Linfen was roughly calculated as 10 billion yuan (about 1.6 billion U.S. dollars), and the figure reaches the 50 billions in the city of Luliang, according to local authorities. Shanxi has nine cities rich in coal reserves.

Mining industry's losses have been other industries' gains, said Li Yuefeng, chief of Shanxi's agricultural production processing bureau. He suggested that about 20 billion yuan of investment has been shifted from the industry to the agricultural sector, which has tripled from 6.9 billion three years ago.

Liu's coal business left him with 50 million yuan. The money was pumped into 200 hectares of arable land, road and bridge building for the Niuta village.

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