News

Belt and Road initiative boosts green energy along New Silk Road

Source: www.chinamining.org         Citation: Xinhua      Date: January 19, 2017

ABU DHABI - China`s Belt and Road initiative may boost green energy development along the New Silk Road, said comments from ongoing 10th edition of the World Future Energy Summit (WFES) here on Tuesday. 

The CEO of Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al-Jaber and the chairman of the green energy company Masdar told Xinhua the WFES congress and exhibition China`s Belt and Road policy "is one of the main pillars in the development for future energies. 

They said the initiative closes gaps by building bridges between regions, which is essential to spur international cooperation to increase the use of renewable energy like wind, solar or hydro energy."

Dr Al-Jaber also said that the Belt and Road initiative puts the WFES host country United Arab Emirates (UAE) into the "center of gravity in relation to the rise of renewable energy along the New Silk Road."

UAE Minister of Energy Al-Mazrouei said Monday at the WFES that UAE aims to increase the share of clean energy in the total energy mix to 50 percent by 2050 from a mere one percent nowadays. 

Ninety-nine percent of the UAE`s domestic energy needs is as of today based on natural gas.

At the China Day held at the WFES on Monday, Dr Adnan Z Amin, director general of the Abu Dhabi-based supranational International Renewable Energy Agency (IRENA), said that the iniative is focused on financing new infrastructure projects along the New Silk Road and the global shift towards clean energy offers tremendous transnational opportunities for both large or medium and small firms.

As an example for intra-regional cooperation, Wang Zhongying, the director of China National Renewable Energy Center in Beijing, presented the ongoing construction of solar and water power projects between China and Pakistan in line with the China Pakistan Economic Corridor.

China`s energy conglomerate Zonergy is currently completing the construction of the world`s largest solar park, the Quaid-e-Azam Solar Park in Bahwalpur, Punjab.

Vincent Lau, Overseas Sales Director at Aikosolar from Foshan city, Guangdong Province, which exhibits for the first time at the WFES, said "we see the initiative indeed as a catalyst because most countries along the Belt and Road enjoy long sunny periods compared to other countries."

He added that taking the WFES host country UAE for example, the Gulf state enjoys six to eight hours intense sunshine per day on average which provides an immense opportunity for marketing or solar cells here and beyond. 

Dubai`s Emirates Airlines said Tuesday in an e-mailed statement it has introduced new sustainable blankets made from 100 percent recycled plastic bottles and is now available in economy class on all long-haul Emirates flights

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 China in September23-25, 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.

Belt and Road initiative boosts green energy along New Silk Road

Source: www.chinamining.org         Citation: Xinhua     Date: January 19, 2017

ABU DHABI - China`s Belt and Road initiative may boost green energy development along the New Silk Road, said comments from ongoing 10th edition of the World Future Energy Summit (WFES) here on Tuesday.

The CEO of Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al-Jaber and the chairman of the green energy company Masdar told Xinhua the WFES congress and exhibition China`s Belt and Road policy "is one of the main pillars in the development for future energies.

They said the initiative closes gaps by building bridges between regions, which is essential to spur international cooperation to increase the use of renewable energy like wind, solar or hydro energy." 

Dr Al-Jaber also said that the Belt and Road initiative puts the WFES host country United Arab Emirates (UAE) into the "center of gravity in relation to the rise of renewable energy along the New Silk Road."

UAE Minister of Energy Al-Mazrouei said Monday at the WFES that UAE aims to increase the share of clean energy in the total energy mix to 50 percent by 2050 from a mere one percent nowadays. 

Ninety-nine percent of the UAE`s domestic energy needs is as of today based on natural gas. 

 At the China Day held at the WFES on Monday, Dr Adnan Z Amin, director general of the Abu Dhabi-based supranational International Renewable Energy Agency (IRENA), said that the iniative is focused on financing new infrastructure projects along the New Silk Road and the global shift towards clean energy offers tremendous transnational opportunities for both large or medium and small firms. 

As an example for intra-regional cooperation, Wang Zhongying, the director of China National Renewable Energy Center in Beijing, presented the ongoing construction of solar and water power projects between China and Pakistan in line with the China Pakistan Economic Corridor. 

China`s energy conglomerate Zonergy is currently completing the construction of the world`s largest solar park, the Quaid-e-Azam Solar Park in Bahwalpur, Punjab. 

Vincent Lau, Overseas Sales Director at Aikosolar from Foshan city, Guangdong Province, which exhibits for the first time at the WFES, said "we see the initiative indeed as a catalyst because most countries along the Belt and Road enjoy long sunny periods compared to other countries." 

He added that taking the WFES host country UAE for example, the Gulf state enjoys six to eight hours intense sunshine per day on average which provides an immense opportunity for marketing or solar cells here and beyond. 

Dubai`s Emirates Airlines said Tuesday in an e-mailed statement it has introduced new sustainable blankets made from 100 percent recycled plastic bottles and is now available in economy class on all long-haul Emirates flights.

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 China in September23-25, 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 vows to deepen energy reform

Source: www.chinamining.org         Citation: Shanghai Daily     Date: January 18, 2017

China will deepen reforms in the energy industry to improve energy consumption structure and cut carbon emissions in the years through 2020, the National Development and Reform Commission said yesterday. 

By 2020, China expects an annual energy consumption of below 5 billion tons of coal equivalent, or TCE — a unit of energy generated by burning one metric ton of coal — from 4.3 billion TCE in 2015. This will ensure that the average annual growth rate is kept at below 3 percent in the coming years, the NDRC`s five-year (2016-2020) energy plan envisaged.

China`s energy consumption growth is set slower than the previous five years as "the main energy-using products such as steel and nonferrous metals will post negative growth" as the authorities promote advanced industries and green development, the report said. 

But the domestic energy generation will be sufficient to ensure energy security. Of the 5 billion TCE, "at least 80 percent, or 4 billion, should be generated by domestic producers rather than by imports," the report said. 

Reduction of carbon emissions will be achieved by boosting the development of non-fossil fuels and enhancing energy consumption efficiency.

By 2020, the consumption of coal should be cut to below 58 percent of the total energy use from 64 percent in 2015, while the proportion of non-fossil fuels should rise above 15 percent from 12 percent in 2015. Natural gas should account for at least 10 percent of the energy consumption, the report added.

To enhance energy consumption efficiency, construction of scattered and smart distribution networks equipped with intelligent sensors will be encouraged, the report said.

"Upon completion, energy consumption per unit of GDP would drop 15 percent from 2015 while carbon emissions would be slashed by 18 percent," the report 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 China in September23-25, 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 says U.S. aluminum complaint lacks factual basis

Source: www.chinamining.org         Citation: Xinhua      Date: January 16, 2017

China on Friday hit back at a U.S. trade complaint against the country`s aluminum industry, saying the allegation had no basis.

The United States has filed a trade complaint with the World Trade Organization (WTO) against China for allegedly dumping aluminum on the global market at artificially low prices. 

China regrets the U.S. decision to file the complaint but will properly handle the issue according to WTO rules, the Ministry of Commerce said in a statement on its website.

"China`s aluminum market is a highly competitive and commercialized industry, and relevant loans and raw material purchases have been fully marketized," it said, adding that the alleged subsidy problem does not exist.

Overcapacity facing certain industries is a global problem, whose root cause is a tepid global economic growth and weak demand, a common challenge that needs to be tackled through shared efforts, the statement 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 China in September23-25, 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 drafts plan to limit coal price volatility - report

Source: www.chinamining.org         Citation: Reuters      Date: January 12, 2017

China has drawn up a mechanism aimed at limiting future volatility in coal prices and is seeking support from the industry for the new measures, according to a media report. 

The plan, drafted by industry associations and key government agencies, was circulated among industry players late on Wednesday, newspaper Shanghai Securities News reported.

It comes after Chinese coal prices soared last year following moves by Beijing to shutter inefficient producers, with the effects felt across the world. 

Benchmark thermal coal prices rose to 592 yuan ($85.45) per tonne this week from 370 yuan in January 2016.

The plan did not give details on specific responses to be taken but said they would be applied based on the level of volatility in price.

($1 = 6.9284 Chinese yuan renminbi)

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 China in September23-25, 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.

Sudan, China keen on sound mining cooperation

Source: Xinhua         Citation: Xinhua      Date: January 4, 2017

KHARTOUM, Jan. 4 (Xinhua) -- Sudan government on Wednesday vowed to provide the appropriate climate for the Chinese investments in Sudan in field of minerals together with the necessary protection for the Chinese miners.

"We promise to provide the appropriate climate for the Chinese investments in Sudan in the mining field together with the protection for the Chinese companies and miners working in Sudan," said Ahmed Mohamed Sadiq Al-Karuri, Sudan`s Minerals Minister, when addressing the forum Wednesday.

"Sudan enjoys an attractive environment for investments, which attracted the investors. We have around 361 foreign companies operating in field of exploration of minerals, particularly gold," he noted.

He went on saying that "we are looking forward to receive more Chinese investments in the mining field. The cooperation between the two countries has to be enhanced to achieve the aspired benefit. Sudan enjoys natural resources and huge wealth, while China maintains the necessary experience."

Chinese Ambassador in Khartoum Li Lianhe said that "The Chinese side attaches a great concern to the cooperation with Sudan in the mining field. China has sent many experts in this field to Sudan to enhance the cooperation between the two sides."

"We have about 20 Chinese companies operating in about 30 mining fields in Sudan. These companies have achieved profits of over 100 million U.S. dollars. We hope to enhance this partnership in a manner that suits the level of bilateral ties between the two countries," he added.

Sudan-China Mining Communication Forum was held in Khartoum on Wednesday in presence of Sudan`s Minerals Minister, Chinese Ambassador to Sudan, Chairman of Chinese Miners Association in Sudan and representatives of the Chinese companies operating in field of mining in Sudan.

Sudan is seeking to increase its minerals production, namely gold, to compensate the loss of around 75 percent of its oil revenues following the separation of South Sudan in 2011.

The Sudanese government had previously anticipated the country`s gold production to reach 100 tons by end of 2016, positioning Sudan as the second gold producing country in Africa and the ninth worldwide.

There are over two million Sudanese employees in traditional mining, producing 80 percent of the country`s gold, while the Sudanese central bank purchases the gold from them across the country.

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 China in September23-25, 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.

Global manufacturing PMI hits 34-month high in December

Source: Xinhua         Citation: Xinhua      Date: January 4, 2017

BRUSSELS - The activity in the global manufacturing sector has hit a 34-month high in December as the growth was generally led by the United States and Western Europe regions, according to a survey released by Markit Economics on Tuesday.

JP Morgan Global Manufacturing PMI rose for the fourth straight month to 52.7 in December, up from 52.1 in November, its highest level since February 2014.

A reading above 50 indicates an expansion, while one below that level points to a contraction.

Global manufacturing production increased at the fastest pace for two-and-a-half years in December, underpinned by the steepest intake of new work since July 2014, according to the survey.

"The improvement in the headline PMI to a 34-month high rounds off a generally positive second half of the year for the global manufacturing sector," David Hensley, Director of Global Economic Coordination at JP Morgan said.

With rates of expansion in production and new order volumes having gathered pace during the latter part of 2016, the sector will start 2017 on a solid footing with positive momentum building and job creation accelerating, he added.

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 China in September23-25, 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 economy shows solid foundation

Source: Xinhua         Citation: Xinhua      Date: January 3, 2017

BEIJING - China`s GDP growth is expected to fall solidly in the target range of 6.5 percent to 7 percent as both official and private data point to a stabilizing economy.

China`s manufacturing sector continues to expand, with the purchasing managers`index (PMI) hitting a 47-month high in December, a private survey showed Tuesday.

The Caixin factory PMI, based on surveys of small and medium enterprises, came in at 51.9 in December, up from 50.9 in November, according to the survey by financial information service provider Markit, sponsored by Caixin Media.

It was the biggest index rise since January 2013, with production growing at the fastest pace in nearly six years due to higher numbers in new work.

Official manufacturing PMI, which surveys larger companies, stood at 51.4 in December, lower than 51.7 in November but above the boom-bust line of 50 for the fifth straight month, the National Bureau of Statistics (NBS) said Sunday.

"The Chinese manufacturing economy continued to improve in December, with the majority of sub-indices looking optimistic," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a large investment research firm.

Alongside booming factory output, profits of China`s major industrial firms increased 14.5 percent year-on-year in November, up from 9.8 percent in October, official data showed last week.

China`s non-manufacturing industries also showed strong expansion in December, second only to November this year, the NBS data showed.

GDP growth in the fourth quarter of 2016 is expected to stay flat at 6.7 percent year-on-year, with stronger fixed asset investment and retail sales in December, according to China International Capital Corporation.

China`s target for GDP growth was 6.5 percent to 7 percent in 2016, and it saw stable 6.7 percent growth in the first three quarters.

"However, it remains to be seen if stabilization of the economy can be consolidated, due to uncertainty if restocking and consumer price rises are sustainable,", Zhong said.

Inflationary pressures remained sharp in December, with the Caixin factory PMI showing input prices picking up to their highest since early 2011, amid reports of higher raw material costs.

The basic plan of "seeking progress while maintaining stability" will be an important principle in state governance and methodology for economic work, with implementation of critical importance for 2017, according to the Central Economic Work Conference.

China International Capital Corporation expect macro data in December to show continued broadening of reflation in mid-to-downstream industrial sectors, which may lead to further recovery in manufacturing investment.

Meanwhile, the corporation has observed early signs of an upturn in credit demand from the private and manufacturing sectors for the first time since 2011.

"We remain hopeful that nominal growth and profitability will continue on the mend in 2017," the corporation 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 China in September23-25, 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.