China's first steel fund to be jointly launched by private and State-owned enterprises was set up in North China's Shanxi Province on Tuesday, domestic news site chinanews.com reported.
CHINA MINING News
Govt releases policy to ensure zero growth of capacity in major industries
The government has released new policy to ensure zero growth of production capacity in steel, cement and plate glass industries and to continue capacity replacement measures this year, Economic Information Daily reports, citing the announcement of the Ministry of Industry and Information Technology (MIIT) on Monday.
China plans several major coal company M&As by 2020
China is planning several major coal-group mergers and acquisitions (M&As) by 2020, the country's top economic planner said Friday.
China's state oil reserves at 37.73m tons by mid-2017
China has approved listing natural gas hydrate, or combustible ice, as the country's 173rd mineral variety, a move that will speed up the exploitation of the clean energy source, an official said Thursday.
"China has succeeded in mineral prospecting and trial mining, both underwater and in the ground," Ju Jianhua, head of the mineral reserves department of the Ministry of Land and Resources (MLR), said Thursday at a press conference.
2.47 bln cubic meters of shale gas produced in SW China area in 2017
China's first shale gas well: the Wei 201 (2009).
The Changning-Weiyuan national shale gas demonstration zone developed by PetroChina Southwest Oil & Gas Field Company generated more than 2.4 billion cubic meters of shale gas in 2017, the company said Wednesday.
By 2017, the state-level demonstration zone had 163 shale gas wells in production, generating 8 million cubic meters of shale gas each day. Its output accounted for 98.9 percent of the company's total production of 3 billion cubic meters in Sichuan in 2017.
The shale gas-rich Sichuan Basin in southwest China produced about one-third of the country's total shale gas in 2017. The new industry also helped the region to improve its energy structure and shift away from traditional energy sources such as coal.
It is estimated that 3 billion cubic meters of shale gas is equivalent to burning 6 million tonnes of coal, reducing carbon dioxide emissions by 4.2 million tonnes.
China has made breakthroughs in shale gas exploration both in capacity and drilling techniques, making it one of the top shale gas suppliers in the world.
By 2020, proven reserves of shale gas will surpass 1.5 trillion cubic meters, according to plans released by authorities in 2017.Source: www.chinamining.org Citation: Xinhua
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 20-22, 2017. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: m.balanzskin.com.2nd line of China-Russia oil link starts
A technician adjusts a valve on a China-Russia oil pipeline in Daqing, Heilongjiang Province.
[Photo by Guo Junfeng/for China Daily]The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China's energy supply and ensuring its energy security, according to China National Petroleum Corp, the country's biggest oil producer.
CGS signed a MOU with GRAS in CM2017
China Geological Survey and the Geological Research Authority of Sudan signed a MOU in the Geological Survey Directors Forum of CHINA MINING 2017
“I came here last year, but I want to introduce Niger’s potentials of mining resources and mining management again for the purpose of persuading you to invest in Niger’s mining and conduct geological cooperation.” said the Hon. Mr.Abubakar Bawa Bwari, Minister of State, Ministry of Mines and Steel Development, Nigeria on 24th, September.
A Glimpse of Exhibition on CHINA MINING 2017
On 23rd, September, 2017, CHINA MINING Congress and Expo 2017 was held at Tianjin Meijing Convention and Exhibition Center.
Mining Cooperation on “The Belt and Road” Forum
In the afternoon of 24th, September during CHINA MINING Congress and Expo, in Meijing Convention and Exhibition Center of Tianjin, there is no extra seat in a big conference room with one hundred seats. Even the aisles are full with audiences.