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Most popular news from Chinamining.org in September, 2016

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Updated: 2016-10-08 09:51
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    Comprehensive news

    China's coal industry still plagued by overcapacity despite price rebound

    The supply-demand mismatch in China's coal industry has not seen a substantial change despite prices rebounding this year, an industry association said.

    Large lead, zinc deposit found in Xinjiang

    A large lead and zinc deposit, allegedly China's largest, has been discovered in northwest China's Xinjiang Uygur Autonomous Region, local authorities announced on Sunday.

    China has 31.97 mln tonnes of oil reserves

    China had 31.97 million tonnes of national oil reserves at the start of 2016, said a statement by National Bureau of Statistics (NBS) Friday.

    Market

    Coal output to be hiked, says NDRC

    China's top economic regulator-the National Development and Reform Commission-gave the greenlight to bring back onstream some frozen coal production capacity in order to head off coal prices rising excessively, it announced on Wednesday.

    Domestic steel output headed for further contraction: report

    Domestic steel output fell in August and is likely to contract further during the rest of months this year, an industry report said on Tuesday.

    Merge and acquisition

    Baoshan, Wuhan Steel merger approved

    The merger of Baoshan Iron and Steel Co with Wuhan Iron and Steel Group has been approved by the State Council, the country's asset watchdog announced yesterday.

    Companies

    CNPC backdoor listing estimated at value of $3.7b

    China National Petroleum Corp, the country's biggest oil and gas producer, is a step closer to completing a backdoor listing of its engineering assets after its Shanghai-listed target company approved the plan.

    Policy

    China considers tighter regulation of offshore oil exploration

    The Chinese government is considering issuing wide-ranging regulations to make offshore oil explorers that harm the marine environment to pay damages.

    China considers making mining rules closer to int'l standards

    China is considering changes to its mineral deposit classification and reporting rules to bring them in line with international standards and open up its mining sector, government officials have said.

   

 

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