In this paper, a stable and reliable CO monitoring system with high sensitivity (at sub-ppm level) was designed and demonstrated with particular reference to use in the mining industry, tailoring the design specifically for forecasting spontaneous combustion, a major hazard to miners. The design uses the familiar approach of direct absorption spectroscopy approach, but showing novelty in the tailoring of this approach to the mining industry, for use in situ. An appropriate strong CO absorption line is used to help eliminate the cross interferences expected from gases present in ambient air, with several preferred CO absorption lines selected and investigated, therefore choosing a distributed feedback (DFB) laser operating at a wavelength of 2330.18 nm as the excitation source. Through a detailed investigation, a minimum detection limit of ~0.2 ppm and a measurement precision (σ) of 6.3 ppb were achieved with a data updating rate of 6.6 s/point. Further in tests for the mining industry, a long-term continuous monitoring evaluation was carried out, demonstrated the excellent stability and reliability of the CO monitoring system. The results obtained have validated the potential of this design of a CO monitoring system for practical monitoring applications underground to enhance safety in the mining industry.