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Most popular news from Chinamining.org in October, 2016

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Updated: 2016-11-02 09:29
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    Comprehensive news

    China set to hit steel, coal capacity-cut targets early

    China will hopefully achieve its annual steel and coal capacity reduction goals ahead of schedule this year, the country's top economic planner said on Tuesday, as local authorities have intensified efforts in recent months due to pressure from the central government.

    China continues leading the world in gold production, consumption

    China is set to continue to lead the world in production and consumption of gold, Song Xin, head of the China Gold Association (CGA) said.

    China sets limit on annual rare earth mining volume by 2020

    China announced Tuesday that it will limit its annual mining of rare earth within 140,000 tonnes by 2020 in its latest attempt to overhaul the sector and ensure its sound development.

    Market

    China crude steel output rises slightly in Jan-Sept

    China's crude steel output rose slightly in the first three quarters this year, data from the country's top economic planner showed Thursday.

    Coking coal, coke 'set to rise further' on strong demand

    Domestic prices of coking coal and coke, crucial raw materials for the steel sector, will continue rising because of shortages, experts told the Global Times on Monday.

    China non-ferrous metal output slows

    China's production of 10 major non-ferrous metals in August grew at a slower pace than a year ago, as the government moved to reduce overcapacity for some metals.

    Merge and acquisition

    Chinese, French oil firms in talks over Uganda's pipeline

    China National Offshore Oil Corporation (CNOOC) and France's Total are in final talks over the construction of Uganda's oil pipeline that will run up to the Tanzanian seaport of Tanga.

    Chinese group mulls building steel plant in the Philippines

    China's Baiyin Nonferrous Group Co agreed to consider setting up a stainless steel plant in the Philippines that could cost as much as $700 million, as part of a wider push to boost trade and economic ties between the two countries.

    Companies

    PetroChina profits plunge with oil price slump

    PetroChina, the country's leading oil and gas producer, saw its net profits plunge by 94.3 percent year on year in the first three quarters of 2016 due to falling global oil prices, a company filing said Saturday.

    Coal producer Shenhua's profit rises 46% in Q3

    China's largest coal producer saw profit jump 46 percent in the third quarter amid a price surge following the government's efforts to curb the oversupply.

   

 

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