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Xuzhou Coal Mining starts construction on Phase II CTM project

On September 28th, 2016, Shaanxi Changqing Energy and Chemical Co., Ltd’s 900,000 mt/yr methanol project, the Phase II of Xuzhou Coal Mining Group’s coal-to-methanol (CTM) project, started construction in Changqing Industrial Zone, Fengxiang county, Shaanxi province.

09-30-2016 11:29:06

About 40% steam coal mining capacity incurs losses nationwide in August

43.4% of steam coal mining capacity under monitoring was in the red in August, dropping by 18 percentage points from that in July, while about 60% coking coal mining capacity made a loss in the month, down by 19 percentage points from last month.

09-29-2016 14:59:20

China coal mining and dressing sector eyes profits grow by 15% YoY from January to August

Profits from the coal mining and dressing industry attained CNY22.48 billion in the January-August period, climbing by 15% on the year and rising by CNY7.93 billion versus the first seven months.

09-27-2016 17:56:15

Jizhong Energy Group to transfer 10.7% stake in Handan Mining Group

According to the China Beijing Equity Exchange, Jizhong Energy Group transferred 10.7% or 151 million shares in Handan Mining Group Co., Ltd to China Cinda Asset Management Co., Ltd.

08-09-2016 11:12:18

NBS: China coal mining & dressing sector generates CNY9.79 bln profits in Jan-Jun

　The coal mining & dressing sector made a total profit of CNY9.79 billion in the first six months, down by 38.5% on the year, with the year decline narrowing down by 34.9 percentage points from in the first five months.

07-27-2016 16:50:50

Yangquan Coal Mining cut raw coal purchase price by CNY10/mt QoQ for Q2

Yangquan Coal Mining set Q2 purchase prices for raw coal from Yangquan Coal Group Mine III and Minmetals at CNY180/mt (excluding washing loss), down by CNY10/mt or 5.3% from Q1 prices.

04-18-2016 17:52:21

Longmei Mining plans to sell 363 assets for CNY2.2 bln to boost cash flow

Longmei Mining Holding Group was auctioning its 363 non-operating assets for CNY2.222 billion in the public the other day. The asset transfer is aimed at accelerating transformation and adding to cash flow, under the government’s requirement.

03-30-2016 17:07:22

Cheap Gas Hurts Mining Companies As Well As Oil Producers

Low gasoline prices are not just a worry for oil-producing companies and countries, they’re starting to have an unexpected impact on some metals such as copper and the material billed as the new gas, lithium.

03-23-2016 09:34:50

China's illegal newly-built coal mining capacity reaches 800 million mt/yr

By the end of 2015, there had been 1.496 billion mt/yr of coal mines newly built or expanded, of which 800 million mt/yr were illegal projects having not received a nod from the government,

01-11-2016 18:06:34

Yanzhou Coal Mining sees Q3 coal sales slide by 35% YoY

Yanzhou Coal Mining produced 15.29 million mt of commercial coal in the third quarter of the year, a yearly decline of 8.3%.

10-21-2015 10:20:47

NEA announces nationwide coal mines' mining capacity change in H1

The National Energy Administration released a report on “China Coal Mines’ Mining Capacity Change” on September 21st.

09-25-2015 11:44:15

Pingmei Shenma inks cooperative agreement with Liaoyuan Mining

Pingmei Shenma Machinery Equipment Group and Jilin Machinery Equipment Manufacturing Co., Ltd, authorized by Pingmei Shenma Group and Liaoyuan Mining Group respectively, will conduct “goods-for-goods” transactions ...

08-18-2015 11:46:20

FAI in coal mining and dressing sector drops by 13.4% YoY in Jan-Jul

According to the Bureau of Statistics of China, fixed asset investment in China’s coal mining and dressing sector reached CNY213 billion from January to July, 2015, a yearly decline of 13.4%.

08-12-2015 16:26:27

PPI in coal mining and dressing sector drops by 13.8% from Jan to Jul

According to the Bureaus of Statistics of China, producer price index (PPI), a measure of inflation on the wholesale level, dropped by 0.7% MoM and by 5.4% YoY in July. Industrial purchase index (IPI) declined by 0.6% on month and 6.1% on year.

08-12-2015 15:30:44

Longmei Mining Group shuts 8 mines as loss woes

Heilongjiang Longmei Mining Holding Group Co., Ltd (Longmei Mining Group) plans to shut down eight coal mines and cut 50% jobs, owing to huge losses and resource exhaustion, the company said the other day.

04-24-2015 14:54:28

Yanzhou Coal Mining estimates 2015 coal sales at 122 mln mt

Yanzhou Coal Mining (600188) planned to achieve a coal sales volume of 122 million mt in 2015, a yearly decline of 0.89%, the company said in its annual performance report released on March 29th, adding...

04-08-2015 10:40:58

Tianshan Mining Industry predicts to produce 6.8 million mt raw coal in 2015

Tianshan Mining Industry Company, an arm under the umbrella of Xuzhou Coal Mining Group, plans to produce 6.8 million mt of raw coal, realize an operation revenue of CNY864 million and a profit of CNY194 million in 2015.

03-11-2015 15:15:37

China coal mining & dressing sector sees a 46.2% slump in 2014 total profits

The coal mining and dressing sector saw profits slump by 46.2% in the past year. The sector’s main business revenue arrived at CNY3.00459 trillion in 2014, down by 6.7% YoY.

01-29-2015 15:16:52

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