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Sinopec gets 2nd shale gas field mining license

Beijing (JLC), November 21, 2019--China Petroleum & Chemical Corporation (Sinopec) was granted the second mining license for the Weirong Shale Gas Field located in Sichuan province, sources said on November 20

11-21-2019 17:59:02

Funshun Mining shale oil bidding price to increase if light coal tar price moves up

Introduction: Shale oil bidding price can predict the rise and fall of bunker oil, and the shale oil trading volume can directly reflects the overall demand for bunker over a period of time. How about this round of bidding on March 26?

03-28-2018 16:41:04

Resource tax cut for filling mining and resource exhausted mines

The State Administration of Taxation (SAT) and the Ministry of Land and Resources jointly announced to cut resource tax for mineral resources produced via filling mining method and from resource exhausted mines on January 24th, 2017.

02-13-2017 13:49:57

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

Haiming Mining to put its 1.1 mln mt/yr iron ore concentrate project onto stream in Oct

Haiming Mining’s mining and dressing project with an annual iron ore concentrate production capacity of 1.1 million mt in Urad Middle Banner started construction in February 2016.

06-16-2016 16:49:38

Yanzhou Coal Mining purchases 52% stock of Jiutai Energy

Yanzhou Coal Mining Company Limited announces that it takes 1.84 billion RMB to purchase 52% stock of Jiutai Energy from an independent third party. Jiutai Energy owns 1 million mt/yr methanol project and 100,000 mt/yr DME project.

06-14-2016 09:05:54

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

2016 Government Work Report's focus on mining sector

In 2015, China deepened reforms in finance and taxation, with a price-based resource tax imposition spreading to more sectors.

03-11-2016 13:58:43

Iron ore mining giants cool supply growth as next wave builds

The surge in output from Australia’s two biggest iron ore producers is slowing as they complete $24 billion in expansions wagered on increasing demand from China’s mills.

01-21-2016 15:58:50

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

Pujie Energy Chemical sighed consignment agreement with Pubai Mining

On October 12th, 2015, Pujie Energy Chemical signed consignment agreement of performance management with Pubai Mining.

10-19-2015 09:51:42

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

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