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Chinese coal billionaire drowning under $5bn pile of debt

Cecilia Jamasmie | December 17, 2013 | 3:09 pm Energy China Europe Coal 

Chinese coal mining tycoon Xing Libin, who made the headlines last year after spending over $11 million (70 million yuan) on his daughter's wedding, is said to be nearly bankrupt and struggling with loans to the tune of $5 billion....

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