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Hottest news review on Chinamining.org in June, 2008
Hottest news review on Chinamining.org in June, 2008

Coal exports cut
CHINA may reduce the amount of coal it allows to be exported in the second half of the year to ensure adequate domestic supplies as state price controls discourage imports.

Nation continues to face tight coal supplies
The supply of coal used in power generation will continue to face a shortage, said an official with the China Electricity Council.

Iron price index idea 'unfair and improper'
THE China Iron and Steel Association said it approves of the 2008 iron ore contract prices agreed between Baosteel Group Corp and Rio Tinto but opposes the use of a price index to determine annual rates as proposed by BHP Billiton.

Headlines

· Hottest news review on Chinamining.org in June, 2008

· Refiners Continue to Struggle

· Wuhan to create scrap steel processing base in Dongxihu District

· Energy consuming industries developing too fast

· Two dead, possibly 16 trapped in N.W. China mine collapse

· Gas pipeline

· Coal exports cut

· Nation continues to face tight coal supplies

Int'l Highlights

· NZ Reports 53% Jump in Oil, Gas Reserves

· Global stainless steel output up 6.5 pct in Q1

· Connemara sees good prospects for discovery of large zinc mine in Limerick

· Moly Mines Boosts Molybdenum, Copper Reserves 43% at Spinifex

· MMX Celebrates Agreement for the Acquisition of a Mining Right

· Angola to Raise Oil Output by 100,000 bpd This Year

· Australian firm plans new coal mine in Mozambique by 2010

· Union serves strike notice on Jamaica bauxite plant

Mining Market

· China railways raise freight rates to offset domestic oil price rise

· Gold price higher in Hong Kong -- July 2

· Speculation, insufficient supply cause oil price hikes

· Update on Chinese rebar domestic and export scenario

· China steel prices to be supported by slower capacity growth

· Gold price higher in Hong Kong -- June 30

· Chinese CRC export price remain firm and stable

· Chinese plate export price continue on upward trend

CMA News
Investment News

· Wuhan Pingmei Wisco Joint Coking Company was established

· Ansteel, Yingkou port tie the knot

· Jiuquan to Transfer All Steel Assets Into Sino-Foreign Venture

· Jiangxi Copper says Afghan project worth $4.4 bln

· ArcelorMittal Establishes Auto-use Steel JV in China

· Sasol, Shenhua to jointly produce motor fuel from coal in China in 2016

· Chinese energy official attributes surging oil price to speculation

· China Shen Zhou Mining & Resources Inc announces new Chief Financial Officer

Companies News

· China's Xinjiang Bayi Steel sees H1 net profit up over 200 pct on higher prices

· China Coal Energy H1 coal output 49.8 mln tons, up 13.7 pct

· Shougang's Output Costs to Rise by 2.8 Billion Yuan

· YUNNAN Chihong H1 profit falls

· Coal group hot

· CNOOC trials new oil field in South China Sea

· Chengde Steel exports record quantity in May

· Kungang decreased imported iron ores considerably

Policy News

· CCIA warns of possible coke export tax hike

· China oil import tax rebate may be quietly dropped

· China May Cut Coal Export Quota to Meet Local Needs, Group Says

· China's threshold of windfall tax for oil possibly up

· China steel industry body denies rumor of export tax rise

· CISA denies adjustment of export duty from June 1

· China unlikely to issue new policy on export of rolled steel before 4th quarter: institution

· China reduces iron ore hoarding at ports

     
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