The State-owned Beizao coal mine, built in 1983 and run by the Shandong Energy Longkou Mining Group (SELMG) in East China’s Shandong Province, will be officially closed and its 1,580 employees will be transferred to other positions, the Economic Information Daily reported Monday. The mine is partly underground and partly underwater.

China became only the fifth country in the world to master offshore coal exploitation technology in 2005, the report said. The underwater sections of the mine are as much as 350 meters below sea level. The closure of the coal mine is part of a national plan to cut overcapacity.

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