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Most popular news from Chinamining.org in March, 2016

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Updated: 2016-03-31 14:33
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    Comprehensive news

    Expert sees more reforms at big oil companies

    The top three State-owned oil companies in China will continue to cut production and enhance ownership reforms in 2016 as their net profits slumped amid sluggish prices in 2015, according to a leading energy expert.

    US-China cooperation on nuclear energy helps build trust in relations: expert

    Nuclear energy cooperation between the United States and China has yielded tremendous benefits for both countries and can contribute to trust in the larger bilateral relationship, a US nuclear energy expert told Xinhua.

    China, Russia commit to brighter energy cooperation

    Vice Premier Zhang Gaoli met with Gazprom CEO Alexei Miller here on Tuesday, vowing to improve China-Russia energy cooperation.

    LatAm experts encourage renewable energy cooperation with China

    Latin America's progress in developing renewable energy has opened up opportunities for technology partnership with China, said Latin American experts.

    China discovers first 10-million-ton porphyry copper deposit

    According to the exploration and evaluation of China's first ten million tons of porphyry copper deposit which was finished recently, the long-term copper resources in the Southern Tiegelong deposit are predicted to surpass 15 million tons.

    Miners move to cut, consolidate 1b tons of coal capacity

    Many large domestic coal producers are actively following the nation's plan to cut overcapacity in the sector, the Beijing-based Securities Daily newspaper reported on Monday.

    China to roll out new five-year plan for energy sector

    The 13th Five-Year Plan for the energy industry has been drafted and is expected to debut in the first six months of this year, the Economic Information Daily reported on Monday, citing a senior official from the National Energy Administration.

    Laying off 1.8m workers challenges govt's plans to cut industrial overcapacity

    As China forges ahead on plans to reduce industrial overcapacity, the steel and coal mining industries are seen as the major breakthrough points.

    Int'l Highlights

    Algeria in talks with China over iron mining project

    Algeria is in talks with China to exploit one of the North African country's largest mining deposits as the OPEC member tries to diversify its economy away from oil and gas, an industry and mines ministry official said on Thursday.

    Venezuela invites Chinese firms to explore natural resources of Arco Minero

    Venezuelan Minister of Oil and Mining Eulogio del Pino said Tuesday that economic cooperation between his country and China has achieved important progress in various sectors.

    Energy-hungry Turkey expects more Chinese investment: official

    Turkey expects more Chinese investment to help it meet a huge energy demand at home, Murat Mercan, chairman of the World Energy Council's Turkish National Committee, said here on Monday.

    Market

    China 2016 crude oil import growth may exceed 800,000 bpd -analyst

    China's crude oil imports may rise by more than 800,000 barrels per day this year, boosted by storage needs, robust gasoline demand and fuel exports, an executive from a Beijing-based consultancy said on Thursday.

    Merge and acquisition

    China's Sinosteel signs contract for mill at Bolivia iron-ore mine

    Bolivia's government and state-owned Chinese company Sinosteel signed a contract Wednesday for the construction of a steel mill at the massive El Mutun iron-ore mine, a project that will involve an investment outlay of $422 million.

    Companies

    Zijin Mining's 2015 profit falls 29 pct on weak gold, base metal prices

    Zijin Mining Group Co Ltd , China's biggest listed gold producer, reported on Friday a 29.4 percent fall in its 2015 net profit as a weak global economy pressured metal prices.

    PetroChina looks to cut production costs amid sluggish demand

    PetroChina Co, the listed arm of the country's biggest oil and gas producer China National Petroleum Corp, reported nearly 67 percent fall in net profit for last year, according to its financial report on Wednesday.

    China's Jiangxi Copper plans output cuts after profit fall

    Jiangxi Copper Co Ltd, China's biggest integrated copper producer, said it plans to cut refined copper output by 6.7% this year, in line with a proposal by the country's big smelters to reduce output to support prices.

    China Coal Energy Company sees huge loss in 2015

    China Coal Energy Co. posted a huge loss and shrinking revenue in 2015 as the saturated coal industry has begun to bite into corporate profitability.

    Policy

    China could strengthen environmental law without affecting exports

    China and other emerging economies which have strong manufacturing sectors could strengthen environmental laws without it affecting their overall share of export markets, the Organisation for Economic Cooperation and Development said in a new study.

   

 

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