中国国际矿业大会 CHINA MINING
中国国际矿业大会 CHINA MINING
China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at an exploration well in northwestern China's Xinjiang Uygur autonomous region, the company said on Monday.
Supplies likely to remain tight due to fixed capacities, surging market demand
Although copper prices hit an almost 10-year high recently, they will likely find good support at relatively high levels in the next several years, analysts said.
That is because demand from the renewable energy sector is rising, supplies of concentrate are tight and inflationary expectations are piling up, they said.
BEIJING - China's 26 leading excavator makers sold a total of 28,305 excavators in February, surging 205 percent year-on-year, data from the China Construction Machinery Association showed.
China National Offshore Oil Corp, one of the country's top three oil and gas producers, said on Monday that its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million metric tons of oil and gas equivalent, making it one of biggest crude oil production bases in the country.
China's iron ore imports hit a record 1.17 billion metric tons in 2020, with the average import price up 7.3 percent year-on-year to $101.7 per ton, which analysts say reflects robust demand in the downstream steel market and a continued and stable recovery of the Chinese economy.
Brazilian mining company Vale SA said it will continue investing in China and further expand its presence in the country, which has been witnessing an ever increasing share of the global mining giant's total sales.
Vale supplied 192 million metric tons of iron ore and pellets to China in 2020, accounting for 67 percent of the company's total sales and surpassing the 61 percent in the same period of 2019, according to Tracy Xie, president of Vale China.
Taiyuan -- An intelligent mining innovation lab was established in North China's coal-rich Shanxi province on Tuesday to facilitate the digital transformation of the country's coal industry.
The lab in Taiyuan, the provincial capital, was jointly built by the Shanxi provincial government, Huawei Technologies Co., Ltd., and two local enterprises.
TAIYUAN - China's coal mining hub Shanxi produced 1.06 billion tons of coal in 2020, ranking the first in the country, according to data from the National Bureau of Statistics.
BEIJING - China produced 188.8 billion cubic meters of natural gas in 2020, representing a growth of 9.8 percent year-on-year, data from the National Bureau of Statistics (NBS) showed.
