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Most popular news from Chinamining.org in October, 2016
To review the most popular news in China's mining industry in October, 2016

China's crude oil stocks down 1.9 percent
China's commercial crude oil inventories declined 1.9 percent month-on-month in October as crude imports fell sharply, data showed Monday.

China stands firm on cutting excess steel, coal capacity
The Chinese government has reiterated its firm stance on cutting excess steel and coal capacity in response to an emerging backlash from producers prompted by recent price hikes.

North China province closes 15 mines
North China's Shanxi province has withdrawn the licenses of 15 coal mines, local sources said on Saturday.


· Most popular news from Chinamining.org in October, 2016

· Shanghai trading platform will support energy market reform

· Chinese govt sends steel capacity reduction investigators

· China orders safety overhaul after deadly power plant accident

· Hurt coal city goes green for new life

· Chinese nuclear technology goes global, safety given top priority

· China-Nigeria consular forum held to oil cooperation

· Resources needed for manufacturing upgrades

Int'l Highlights

· Venezuela urges OPEC, non-OPEC producers to stabilize oil market

· Russia able to withstand $25 per barrel oil prices - Central Bank Chief

· Global oil majors may stock crude reserves in India

· Nigeria's crude remains hot cake in market: official

· Romania to close unprofitable coal mines by granting state support

· Iran calls for national move to improve oil recovery

· Oil firms bear downturn with lower output

· Rio Tinto sells aluminum assets to reshape business

Mining Market

· China's crude oil stocks down 1.9 percent

· Coal prices fall as supply rises to quell speculation

· China coal prices continue to drop

· Shanxi coal exports in growth

· Tokyo Steel raises December product prices by up to 11 pct

· China steel exports to remain high in 2017: report

· China's crude oil output dips further

· China iron ore tumbles over 6pc as sell-off extends; steel falls further

New Energy

· China takes the lead in renewable energy, as cost-effectiveness improves

· Ukraine seeks Chinese investments in solar farm in Chernobyl area: minister

· Renewable energy capacity exceeds fossil fuels in Gansu

· Chinese investment in energy creates new history for Cambodia: Cambodian minister

· China praised for renewable energy investment

· China to more than triple geothermal power consumption by 2020

· China to become world's 2nd largest shale gas producer by 2040: EIA

· China's wind power capacity keeps growing


· China industrial profit growth accelerates in Oct

· Outbound investment continues to grow

· Premier Li urges more efforts to green China's energy system

· China to boost geothermal power consumption in 2016-2020

· Sino-Philippine ties to prosper, says govt

· China and Russia set to further boost cooperation

· China, Russia vow to enhance pragmatic cooperation

· China issues five-year plan to reduce greenhouse gas emission

Related industry

· Chinese chemical enterprises go abroad

· China's building materials sector picks up

· Chinese construction group plans to boost investments in Brazil

· China's power use growth accelerates in September

· Chinese SOEs united in building materials merger

· China's largest cement maker reports profit slump

· China construction materials SOEs start merger

· Inner Mongolia to play bigger role in power generation

Investment News

· China reaches preliminary agreement with Peru to expand Toromocho copper mine

· Shanxi firm to invest in UK power plant

· China's Zijin Mining exec sees M&A opportunities in Australian copper, gold sector

· China's Hony Capital increases stake in Aussie petroleum producer

· CNPC, Total ink Iran joint venture

· China company signs MOU with BP on Caribbean oil project

· China begins construction of first offshore nuclear plant

· Chinese steel firm plans to expand investment in Sierra Leone

Companies News

· Baogang to provide technical support for India's steel giant

· Shanxi Coking Coal partners with steels giants

· China coal giant to sideline traders in push to cool costs

· China's Wuhan Steel says completed capacity cuts ahead of schedule

· CNOOC pins hopes on LNG

· PetroChina, Sinopec wade into electric power business

· China's top coal miners agree on term contracts at 535 yuan/t

· Zijin Mining's copper biz to boom

Policy News

· Nuclear safety law to boost industry

· China scraps import tariff for coalbed gas equipment

· China considers making mining rules closer to int'l standards

· China considers tighter regulation of offshore oil exploration

· Proposed green tax will better protect environment

· China's natural gas transmission tariffs proposals positive for industry

· China drafts new rules to curb mining pollution

· Resources tax incentivizes 'long-term benefits'

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