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On the morning of September 23, 2017, the opening ceremony of CHINA MINING Congress and Expo 2017 was held at Tianjin Meijiang Convention and Exhibition Center. Under the theme of “Promoting Mining Prosperity under the Silk Road Spirit”, the event discussed the global mining situation and policies, mining investment and finance, exploration and development, and the green development of the mining industry. The photo shows that H.E. Ms. Jan Adams AO PSM, Ambassador of Australia Embassy to China and Representative of International Co-organizers was delivering a speech at the opening ceremony. (Photo: Yu Hongqi; Editor: Xu Xiaojing)

On the morning of September 23, 2017, the opening ceremony of CHINA MINING Congress and Expo 2017 was held at Tianjin Meijiang Convention and Exhibition Center. Under the theme of “Promoting Mining Prosperity under the Silk Road Spirit”, the event discussed the global mining situation and policies, mining investment and finance, exploration and development, and the green development of the mining industry. The photo shows that the Hon. Wang Dongfeng, Mayor of Tianjin and Predident of Organizing Committee of CHINA MINING 2017 was delivering a speech at the opening ceremony. (Photo: Yu Hongqi; Editor: Xu Xiaojing)

At 10:00 a.m. September 14th, 2017, Ministry of Land and Resources held the press conference for CHINA MINING Congress and Expo 2017. Mr. Bai Xingbi, Deputy Director-General of Dept of International Cooperation & Science and Technology, Ministry of Land and Resources PRC gave an introduction of CHINA MINING Congress and Expo 2017. Ms. Lu Hong, Inspector and Deputy Director-General of Tianjin Municipal Bureau of Land & Resources and Housing Administration and Mr. Yu Qinghe, Vice President and Secretary-General of China Mining Association introduced the preparatory work. Mr. Xia Jun, Deputy Director of Office, Ministry of Land and Resources PRC hosted the press conference.

Merger set to generate new power giant

Source: www.chinamining.org     Citation: China Daily              Date: Aug.30, 2017

Deal could be first among handful to trim overcapacity, number of SOEs

China`s major power generator China Guodian Corporation and coal producer Shenhua Group proposed a merger of their coal power assets, setting up a joint venture company worth 54.4 billion yuan ($8.24 billion), the tie-up of which is believed to create world`s largest utility provider by capacity. So far, the cabinet has approved the plan.

Guodian will have the controlling stake and invest 29.1 billion yuan of thermal power assets in the joint venture while Shenhua will invest 25.3 billion yuan of thermal power assets into the new company, both sides said in separate filings.

The merger is believed to be the first of a handful of mergers in China`s power industry, as the Chinese government is trying to cut industrial overcapacity and trim the number of State-owned enterprises.

Li Jin, chief researcher with the China Enterprise Research Institute, said the Shenhua-Guodian tie-up is a typical merger of the upstream and downstream sectors, providing a model for the whole thermal power industry.

"Some SOEs in the energy and power sectors and heavy industry currently see much overcapacity," he said.

"Future mergers in thermal and nuclear power, which are weighing their options, could also resort to the upstream-downstream merger, to create more global powerhouses and avoid restructuring redundant industries."

The State-owned Assets Supervision and Administration Commission on Monday announced the merger between China`s largest coal miner Shenhua Group and energy producer China Guodian Corp.

The merger, which has sorted out key issues such as power production and post-merger operations during previous discussion, will likely create an energy behemoth with combined assets estimated to be in the range of 1.73 trillion yuan to more than 1.8 trillion yuan.

Li said mergers and restricting are believed to continue taking center stage and accelerating in SOE reforms.

Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission, said earlier this year that the government needs to speed up reform in the coal power generation, heavy equipment manufacturing and steel sectors.

Experts expect SOE mergers to happen in the heavy equipment manufacturing sector after mergers have taken place in the coal power and steel industries.

Zhang Jinxin, head of the Center for China Mergers & Acquisitions Research under Beijing Jiaotong University, said SOEs in heavy industry require structural reform, which will fend off repeated construction, building redundant projects and cut-throat competition.

Companies that might get involved in the next round of mergers might include China First Heavy Industries, Harbin Electric Corporation and Dongfang Electric Corporation, he said.

The announcement concludes months of speculation about the merger, which was first reported in June.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.

China, Saudi Arabia agree to build energy cooperation mechanisms

Source: www.chinamining.org     Citation: Xinhua       Date: Aug.29, 2017

China and Saudi Arabia agreed on Thursday to set up a package of bilateral energy cooperation mechanisms.

The agreement was reached when Chinese Vice-Premier Zhang Gaoli met with Saudi Crown Prince Mohammed bin Salman in the Saudi Red Sea resort of Jeddah during Zhang`s visit to the Gulf Arab country.

Also during the talks, the two compared notes and reached broad consensus on bilateral cooperation in the fields of energy, finance and industrial capacity, among others.

They vowed to push forward a sea water desalination project using high temperature gas-cooled reactors, as well as a Chinese industry park in Saudi Arabia`s southern border region of Jizan, and support the construction of a power plant in the western Saudi coastal town of Rabigh.

The two sides also agreed to promote cooperation over petrochemical projects and security matters, and enhance international coordination so as to further boost their bilateral comprehensive strategic partnership.

Also on Thursday, Zhang and Mohammed co-chaired the second meeting of a high-level steering committee, a regular meeting mechanism set up during Chinese President Xi Jinping`s state visit to the Gulf Arab country last year.

The two co-hosted the first meeting of the committee in Beijing last August.

At the second meeting, the two sides agreed that the two countries have maintained close high-level exchanges, noting that Saudi King Salman bin Abdulaziz Al Saud visited China while a number of Chinese leaders have visited Saudi Arabia.

They also agreed that the two countries have made smooth progress in key projects, and signed 30 major projects over industrial capacity and investment cooperation.

Two-way trade has developed soundly with Saudi Arabia being China`s largest trading partner in the region of West Asia and North Africa over the past 15 years.

Both sides pledged to strengthen coordination and communication on such multilateral platforms as the UN and the Group of 20 gatherings on major issues that concern the world system and order as well as the rights and interests of developing countries in a bid to cement strategic trust.

Beijing and Riyadh also vowed to further synergize their development strategies, and promote practical cooperation and cultural and people-to-people exchanges for shared benefits and win-win results.

They were also committed to stronger cooperation and exchanges in the fields of culture, education, health, technology, tourism and journalism.

After the meeting, the two sides signed the minutes of the meeting, and the two leaders witnessed the signing of a host of cooperation agreements involving investment, trade, energy, postal service, communications and media.

Earlier in the day, the Chinese vice-premier met with King Salman.

Saudi Arabia is the second leg of Zhang`s four-nation tour which has already taken him to Kuwait. He will also travel to Sudan and Namibia.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.

China to close 6,000 non-coal mines by 2020

Source: www.chinamining.org     Citation: Xinhua       Date: Aug.28, 2017

China will shut down 6,000 non-coal mines from 2016 to 2020 to improve work safety.

The number of workplace accidents and fatalities at non-coal mines will drop 10 percent from 2015 levels by that time, with serious accidents down by 15 percent, according to a statement by the State Administration of Work Safety (SAWS).

SAWS said it would improve joint supervision, establish an information platform and a database for work safety checks, and help mining companies set up their own safety systems.

Mine rescue teams will be reinforced and disclosure of investigation reports improved.

China is strengthening workplace safety with more on-site checks and stricter punishments. The number of workplace safety accidents fell 24.7 percent year-on-year to 27,478 during January-July, with fatalities falling 16.8 percent to 19,783.

Non-coal mining targets a wide range of resources, including metallic minerals and radioactive ores. Such mines are free from risks of gas explosions but still face safety hazards, including radiation, fire and dust.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.

China mineral firms in SE Asia

Source: www.chinamining.org     Citation: Global Times          Date: Aug.28, 2017

Fifteen companies in the mining industry based in South China`s Guangxi Zhuang Autonomous Region reportedly have implemented a "go global" strategy, covering more than 10 mining areas in regions such as the Association of Southeast Asian Nations.

More than 90 Chinese companies have so far invested in the mining industry in Laos, accounting for 40 percent of all foreign enterprises in the sector there, domestic news site chinanews.com reported Saturday.

These Chinese firms are mainly engaged in exploration and production, it said.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.

China`s energy intensity falls at fastest pace as non-fossil fuel consumption

Source: www.chinamining.org     Citation: Reuters          Date: Aug.25, 2017

China`s energy intensity is declining at the fastest pace, a government economist was quoted as saying by the State Council on its website on Thursday, as the country strives to adjust its energy structure and improve energy efficiency.

Data from the National Energy Administration (NEA) shows that energy consumption per unit of gross domestic product in China reduced 14.6 percent from 2013 to 2016.

"Energy development in China should follow a low-carbon principle and the proportion of natural gas and non-fossil fuel in energy consumption should increase," said Guo Zhi, chief economist at the NEA.

China`s installed capacity of hydropower, wind, solar and nuclear power has ranked No.1 in the world, according to the NEA.

The world`s biggest energy consumer pledged to raise its non-fossil fuel portion of primary energy consumption to 15 percent from 12 percent by 2020.

Natural gas and non-fossil fuel consumption has grown 4.2 percent over the past four years, while coal consumption declined, the NEA data shows.

The central government is considering efficiency improvements as the crucial part of its long-going energy reform. "In the next step, the NEA will work with relevant authorities to achieve the goals of energy consumption control and carry out inspections," said Guo.

"[The authorities] will also eliminate outdated capacity and strictly limit new capacity in high energy-consuming industries such as steel and construction materials."

Coal consumption rose 1 percent to 1.83 billion tons in the first half of this year from a year earlier, driven by higher consumption in power, steel and chemical sectors, according to the NEA data.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.