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The International Energy Agency (IEA) announced on Thursday that its members will release 120 million barrels of crude oil reserves over the next six months, in the face of the global energy shortage caused by the conflict in Ukraine.

The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.67 percent year on year, according to Sinopec, the developer and China's largest oil refiner.

China's largest oil-and-gas field, Changqing oilfield, had produced over 17.7 billion cubic meters of natural gas during this winter heating season, statistics as of March 15 showed.

Photo taken on Dec. 10, 2021 shows the Nanliang operation area of Changqing oilfield in northwest China's Gansu Province. [Photo/Xinhua]

As China's largest natural gas production base, the oilfield supplies natural gas to more than 40 major cities, including Beijing and Tianjin. For four consecutive years, its daily gas output during winter peak supply has maintained an increase of 10 million cubic meters.

During the latest heating season, Changqing oilfield also offered sufficient natural gas supplies to the Olympic Villages in the three competition areas of the Beijing Winter Olympics and relevant hotels.

Over the past 25 years, Changqing oilfield has supplied more than 520 billion cubic meters of natural gas, equivalent to the total calorific value of power generated by the Three Gorges Hydroelectric Power Station on China's Yangtze River in 40 years.

ABOUT CHINA MINING

CHINA MINING CONFERENCE AND EXHIBITION (CHINA MINING) IS OFFICIALLY SUPPORTED BY MINISTRY OF NATURAL RESOURCES CHINA. SINCE FIRST HELD IN 1999, CHINA MINING 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 SURVEY AND EVALUATION, EXPLORATION AND MINING, TECHNIQUES AND EQUIPMENT, INVESTMENT AND FINANCE, TRADE AND SERVICES, ETC., PLAYING AN ACTIVE PROMOTION ROLE IN CREATING EXCHANGE OPPORTUNITIES AND ENHANCING MUTUAL COOPERATION BETWEEN DOMESTIC AND FOREIGN MINING ENTERPRISES.

With the theme of "Multilateral cooperation—for development and prosperity of post pandemic era", China Mining Conference and Exhibition 2021 (CHINA MINING 2021) was held in Tianjin China on October 21-23, 2021. For more information about CHINA MINING, please visit: m.balanzskin.com/en/.

With the rapid worldwide development of new energy vehicles, demand for lithium has been soaring. Chinese companies, like their global peers, have been scrambling to accumulate bigger reserves of core raw minerals in recent years in order to lower the high cost of NEVs.

BEIJING - China's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association.

BEIJING - China's 25 leading excavator makers sold a total of 241,178 excavators in the first seven months, rising by 27.2 percent year-on-year, data from the China Construction Machinery Association showed.

China's nonferrous metal sector saw a robust expansion in the first half of this year, with the profits of major nonferrous metal firms hitting a record high, industry data showed.

The world's first 120-ton AC electrical drive dump truck for mining entered service at the Nanlutian mine in Huuliin Gol, Inner Mongolia autonomous region, on Thursday.

The world's first 120-ton AC electrical drive dump truck for mining entered service at the Nanlutian mine in Huuliin Gol, Inner Mongolia autonomous region, on Thursday. [Photo by Liu Keqiang/For chinadaily.com.cn]

The truck was produced by Xiangtan Electric Manufacturing Group in Hunan province to replace diesel engines with batteries, which can work for eight continuous hours after one-hour of charging.

Compared with diesel trucks, electrical power cuts energy consumption in half, and reduces the costs of operation and maintenance by 20 percent. Each truck can also reduce carbon dioxide emissions by 1,500 tons per year, according to the Inner Mongolia branch of State Power Investment Corp, which is leading the program.

The world's first 120-ton AC electrical drive dump truck for mining entered service at the Nanlutian mine in Huuliin Gol, Inner Mongolia autonomous region, on Thursday. [Photo by Yu Jinxin/For chinadaily.com.cn]

"The truck is a significant milestone in the upgrading of mining equipment. It is intelligent and zero-carbon, and will set an example for others in the industry," said Liu Jianping, Party secretary and chairman of the branch.

The Nanlutian mine will gradually replace all its diesel-powered dump trucks with electric ones, to promote green, low-carbon, environmentally friendly production in the coal mining industry, the company said.（By Yuan Hui in Hohhot and Chen Meiling）

ABOUT CHINA MINING

CHINA MINING CONFERENCE AND EXHIBITION (CHINA MINING) IS OFFICIALLY SUPPORTED BY MINISTRY OF NATURAL RESOURCES CHINA. SINCE FIRST HELD IN 1999, CHINA MINING 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 SURVEY AND EVALUATION, EXPLORATION AND MINING, TECHNIQUES AND EQUIPMENT, INVESTMENT AND FINANCE, TRADE AND SERVICES, ETC., PLAYING AN ACTIVE PROMOTION ROLE IN CREATING EXCHANGE OPPORTUNITIES AND ENHANCING MUTUAL COOPERATION BETWEEN DOMESTIC AND FOREIGN MINING ENTERPRISES.

CHINA MINING CONFERENCE AND EXHIBITION 2021 WILL BE HELD IN TIANJIN CHINA ON OCTOBER 21-23, 2021. WE INVITE YOU TO JOIN THE EVENT AND TO CELEBRATE THE 23RD ANNIVERSARY OF CHINA MINING WITH US. FOR MORE INFORMATION ABOUT CHINA MINING, PLEASE VISIT: WWW.CHINAMININGTJ.ORG.