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Most popular news from Chinamining.org in June, 2016

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Updated: 2016-06-30 09:10
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    Comprehensive news

    Chinese company to boost Serbian metal industry: experts

    The Smederevo steel mill stands a good chance to recover and develop after it was sold to Chinese HeSteel Group (HBIS), experts and officials said.

    China driving force of LatAm's mineral industry

    China has been the driving force behind the rapid growth and industrialization of Latin America's mineral industry in recent years, according to a report released by the Economic Commission for Latin America and the Caribbean (ECLAC).

    China aims to buy 10,000 tonnes of antimony for state reserves

    China is provisionally planning to buy 10,000 tonnes of antimony for its state reserve this year, as Beijing seeks to boost its strategic holdings of some metals, an industry official said.

    Premier promises steel, coal capacity cuts

    China will cut excess capacity in steel and coal as part of its economic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday.

    China coal mining capacity to be cut by 280 mil mt in 2016: report

   China's coal mining capacity is slated to be cut by 280 million mt/year by the end of 2016, Xinhua News Agency reported, quoting Xu Shaoshi, director of the National Development and Reform Commission (NDRC).

    Market

    China's potential oil, natural gas reserves rise: official data

    China's estimated oil and natural gas reserves have risen markedly in the past few years as prospecting has increased, the latest official assessment showed.

    Merge and acquisition

    Baosteel, WISCO mull restructuring to create China's top mill

    China's two leading steel makers, State-owned Baoshan Iron & Steel Co and Wuhan Iron & Steel Co, announced on Sunday that their parent companies are considering a major restructuring, which would be a milestone for the country's efforts to cut capacity and raise efficiency among State-owned enterprises (SOEs).

    Major Chinese rare earth group formed to boost industry

    Acquisition and company integration to form the China South Rare Earth Group has been ratified by an expert panel, authorities said Wednesday.

    Companies

    CNPC to prioritize natural gas over next five years

    Asia's largest oil and gas producer China National Petroleum Corp is betting big on natural gas, aiming to boost both its supplies and transportation capacity in the next five years.

    Chinese mining giants join forces to create new industry behemoth

    China Minmetals Co, one of the country's largest mining groups by asset value and overseas projects, merged with China Metallurgical Group Co on Thursday, creating a new conglomerate bigger than the asset value of any of the three global giant mining companies-BHP Billiton Ltd, Rio Tinto Group and Vale SA.

    Leading gold producer sees output reach record high

    China National Gold Group Corp (CNGGC), the country's leading gold producer, said on Tuesday that its output reached a record high of 16.9 tons during the first five months of the year, up 8.93 percent year on year.

    Policy

    China moves to reduce non-ferrous metal overcapacity

    The Chinese government on Thursday released a guideline on new capacity and reducing overcapacity in the non-ferrous metal sector.

   

 

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