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Most popular news from Chinamining.org in February, 2016

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Updated: 2016-03-07 10:04
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    Comprehensive news

    China stops approving new coal mines

    China won't approve any new coal mines before the end of 2019, the State Council said on Friday, as authorities work to slash overcapacity in the industry.

    China urges EU to cooperate on iron, steel overcapacity

    China has called on the European Union to work with it to jointly address global iron and steel overcapacity instead of resorting to trade protectionism that will have a further negative impact on the global iron and steel industry, the Ministry of Commerce said on Wednesday.

    More than 1,000 coal mines scheduled to close in 2016

   China aims to close more than 1,000 coal mines with a total production capacity of 60 million tons this year, as part of its plans to tackle a price-sapping supply glut in the sector, the country's energy regulator said.

    China sets up 100 billion yuan fund to cover layoffs in coal, steel sectors

    China's Premier Li Keqiang said a 100 billion yuan ($15.27 million)fund for unemployment will mainly focus on the steel and coal sectors.

    Market

    China zinc refineries slash fees as supply shrinks -trade

    Chinese zinc refineries have agreed to take sharply lower fees for processing raw material into metal as a long awaited shortage rears its head following the closure of several giant mines, industry sources said this week.

    China's crude oil stockpile down 3.65 pct

    China's commercial crude oil stocks edged down 3.65 percent in January from December, according to new analysis by Xinhua News Agency.

    NRDC: China's Natural Gas Consumption Up Nearly 18% In Jan

    China's natural gas consumption rose 17.6 percent in January from the same month last year, reaching 22.3 billion cubic metres, China's central state planning commission said on Friday.

    Merge and acquisition

    CMEC bags funding deal in Pakistan

    A consortium led by China Machinery Engineering Corp is set to finance a coal-based power plant and a mining project being developed by Engro Corp, a Pakistani firm.

    Companies

    Sinopec 'to close oil fields' in response to plunging crude prices

    Sinopec Shengli Oilfield Co, a subsidiary of oil giant China Petroleum and Chemical Corp (Sinopec), will shut down four of its 70 oil fields this year, domestic media reported on Wednesday, as it grapples with heavy losses incurred by the oil price plunge.

    Policy

    China suspends oil price adjustment again

    China's top economic planner will not adjust domestic retail oil prices as global prices stayed below an official price floor introduced in January, it announced Monday.

   

 

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