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Most popular news from Chinamining.org in January, 2016

Updated: 2016-02-03 09:19

    Comprehensive news

    China pushes to reduce coal use

    Coal is going to make way for new energy in China through reforms in the 13th Five Year Plan (2016-20) as the country battles air pollution, experts say.

    China to cut overcapacity, help companies out

    China will provide full support for the coal and steel sectors, which suffer serious overcapacity, to help them out of their current difficulties, according to an official statement issued Thursday.


    China's Hebei to cut iron, steel production in 2016

    The northern province of Hebei, which produces one fourth of the nation's steel, pledged to slash iron and steel production to tackle problems like overcapacity and air pollution.

    China's crude oil stockpile declines 0.72%

    China's commercial crude oil stocks edged down 0.72 percent in December from November, while stocks of refined oil products rose by 5.26 percent, according to new analysis by Xinhua News Agency.

    Merge and acquisition

    Sinosteel wins mining rights of the largest iron-ore resource in the world

    Sinosteel Corporation of China won the bid for the mining rights of the Empresa Siderurgica del Mutun (ESM) in Santa Cruz, Bolivia, on Jan 19.


    CHALCO unit to cut or halt output within weeks: media report

    A subsidiary of China's largest aluminum maker, Aluminum Corp of China (CHALCO), is reportedly poised to slash or even stop production in the first quarter of 2016, a move experts said shows just how sluggish the market is and how crucial it is for producers to tackle the sector's supply-demand imbalance.

    China's top steel maker 2015 net profit plummets

    Baoshan Iron and Steel Co. (Baosteel), China's largest listed steel maker, saw a 83-percent plunge in its 2015 net profit, reflecting a general slowing in the industrial sector.

    Mines found

    Asia's largest manganese ore discovered in SW China

    A reserve of more than 192 million tonnes of manganese ore, believed to the the largest in Asia, has been discovered in southwest China's Guizhou Province, it was announced Friday.



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