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Top news review on Chinamining.org in October, 2015

Updated: 2015-11-03 15:30

Special: China Mining Congress & Exhibition 2015

Comprehensive news

Steel industry still in doldrums

China's steel industry continued to struggle in the first nine months of the year, as consumption slumped, prices hit a record low, and oversupply remained a major problem despite a fall in output, an industry body said Wednesday.

Renewable energy goal will remain a challenge
The 13th Five-Year Plan will see major efforts to adjust China's energy mix as the nation restructures its economic model.

'Strict limit' to be enforced for coal output, consumption, national energy official says
China will enforce a strict limit on total coal consumption and continue to cut production, said a senior energy official on Wednesday.

Increase in rare earth prices will not affect global market, demand
The increase in prices by China's largest rare earth miner will not have a material effect on global prices or demand, according to a leading expert on the sector.


China copper production increases 2.3% in September
China's refined copper production rose 2.3 percent in September from the previous month, hitting a three-month peak due to increasing output at some new smelters and higher supplies of raw materials.

China's coal output down 4.62% in Jan-Sep

China's coal output posted a year on year drop of 4.62 % to 2.72 billion tons in the first nine months of this year, according to figures released by the China Coal Transportation & Sale Society (CCTS).

Mines found

China's proved shale gas reserve reaches 500 bln cubic meters

Figures show China's proved shale gas reserve have reached some 500 billion cubic meters.

Merge and acquisition

Chinese metal smelter Jinchuan gets approval for Trafigura JV
A unit of Chinese metal producer Jinchuan Group has got approval to set up a joint venture with Trafigura, and it plans to build a harbour in the southwestern region of Guangxi to cut the costs of importing raw materials, a company official said.

China's Hebei Iron & Steel Group eyes investment in Serbia's steel mill -PM
China's Hebei Iron & Steel Group is considering a strategic partnership in Serbia's only steel plant and an investment of at least 300 million euros, Serbian Prime Minister Aleksandar Vucic said on Friday.


Baosteel says has no further plans to cut output

Baoshan Iron and Steel Corp, China's largest listed steel producer, has no further plans to cut production following the closure of its 550,000-ton-per-annum Baotong plant, a company official said on Thursday.

Chinalco plans shutdown of biggest aluminium smelter

Aluminum Corp of China (Chinalco), the country's top producer of the metal, plans to shut down its biggest smelter - accounting for about an eighth of its total capacity - due to low prices, an industry body said.




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