News

Chinese investors eye Tanzania`s power generation sector

Source: www.chinamining.org         Citation: Xinhua       Date: April 1, 2016

Chinese investors in power generation on Wednesday expressed their intention to open business in Tanzania to enable the sector to contribute to the country`s socio-economic development.

They expressed their intention when they met the Permanent Secretary in the Ministry of Energy and Minerals in charge of Energy, Juliana Pallangyo, and experts from the Tanzania Electric Supply Company Limited (Tanesco), the State Mining Corporation (Stamico), the National Development Corporation (NDC) and the Energy and Water Utilities Regulatory Authority (Ewura)

Speaking at the meeting, Chinese Economic and Business Representative to Tanzania Lin Zhiyong said companies dealing with energy production were interested in investing in Tanzania, where opportunities abound.

He also said that a special Chinese delegation was expected in Tanzania next week to get a first-hand information on the potentials available in the sector.

"They will come to see policies and government strategies in the energy sector before signing preliminary agreements," the official said.

Lin said that Chinese investors were ready to partner with their Tanzanian counterparts in power generation, so that the country could get enough power for the country`s economic prosperity.

Pallangyo commended the Chinese delegation for showing interest in the energy sector and urged them to explore the available opportunities.

"Our people need reliable energy that will stimulate the economy of the country. So, we`re welcoming investors to invest in power generation," he said, citing some of the energy sources as gas, geothermal, coal, solar and wind power.

Tanzania`s resources which are suitable for solar power generation are estimated to be equivalent to those of Spain, and areas of high wind power potential cover more than ten per cent of the country.

According to the World Bank`s Energy Sector Management Assistance Programme (ESMAP), the current electrification rate in Tanzania stands at 18.4 percent.

The target is to increase access to modern electricity to 75 per cent of the population by 2035.

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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

China to supply petroleum products to landlocked Nepal

Source: www.chinamining.org         Citation: quadrangleonline.com    Date: March 29, 2016

The airport project will also allow for more trade between China and Nepal, it said.

Two-thirds of Nepal`s worldwide trade is with India.

In the statement, Nepal and China agreed to strengthen connectivity, further step up the land and air links and improve the land transport infrastructure.

During Oli`s India visit in February, India offered access to a second port, Visakhapatnam, in a move understood in Kathmandu as the southern neighbour`s attempt to woo Nepal away from seeking sea access via Chinese territory.

Kathmandu blamed New Delhi for supporting the protestors who were agitated over a new Constitution that denied them their due through a realignment of constituencies. Another issue that is causing some heartburn in India is the proposed free trade zone between China and Nepal.

China will also build oil storage facilities for Nepal, and will send experts to Nepal to carry out a feasibility study on oil and gas resources research.

"The two sides have also agreed on building railways in Nepal", he said.

Oli, on his first official visit to China as Nepali Prime Minister, said the traditional Nepal-China friendship will not be affected by any external factor, which has set an example for relationship between countries of different sizes and different political systems. Our work there can help to work for common development. The Nepal-China border is snowed out for large parts of the year, with few motorable routes even theoretically possible. Similarly, the proposed rail link from China to Nepal is another long-term project that faces Herculean geographical challenges.

China was already planning to extend the railway from the Tibetan city of Xigaze to Gyirong on the Nepali border, she said. That said, India can not afford to be complacent or else it will run the risk of losing at least its economic influence with its northern neighbour in the long term.

Besides, the two countries signed agreements in the fields of science and technology, sister-city relations between various Nepalese and Chinese cities, and establishment of Nepal`s Consular General Office in Chengdu, China. "Kathmandu has the right to choose the development partners that maximise its national interests", it said.

"Therefore, instead of being forced into becoming a strategic barrier against China, Nepal should be better treated and act as a bridge between Beijing and New Delhi", the article 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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

Chinese submersible explores Indian Ocean for precious metals

Source: www.chinamining.org     Citation: PTI    Date: March 25, 2016

China`s unmanned submersible Qianlong No 2 has succesfully completed its first exploration in the southwest Indian Ocean early this month looking for sulfide deposits and precious metals, scientists said today.

The autonomous underwater vehicle (AUV) with a length of 3.5 metres, was independently designed by Chinese scientists and can dive to a depth of 4,500 metres, Liu Jian, chief designer of Qianlong No 2 was quoted as saying by the state-run Xinhua news agency.

 It dived 16 times during the exploration from December 16, 2015 to March 4, 2016 in the southwest Indian Ocean.

 Its work covered 218 square kilometres with the maximum depth of over 3.2 kilometre, Liu said.

The AUV explored sea areas rich in sulfide deposits that contain various metals, detected deep-sea terrain as well as photographed sulfide, basalt and marine organisms, he said.

The success of the trial exploration of Qianlong No.2 in the Indian Ocean has proved that the AUV can be put into practice in deep-sea mineral resource investigation since it can adapt to the complex terrain in the ocean and finish underwater tasks smoothly, Liu said.

In 2014 China has pressed another submersible Jiaolong which reported to have discovered deposits of copper, zinc and precious metals.

China has already secured contracts to explore Indian Ocean for polymetallic sulphide ore and its research vessel has discovered two hydrothermal areas and four hydrothermal anomaly areas in southwest Indian Ocean.

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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

China, Russia commit to brighter energy cooperation

Source: www.chinamining.org         Citation: Xinhua    Date: March 23, 2016

Vice Premier Zhang Gaoli met with Gazprom CEO Alexei Miller here on Tuesday, vowing to improve China-Russia energy cooperation.

Bilateral energy cooperation has continued to progress under the strategic leadership of Chinese President Xi Jinping and Russian President Vladimir Putin, according to Zhang.

Energy cooperation is of strategic and long-term significance in bilateral relations, he said.

He spoke about the construction of the China-Russia east-route natural gas pipeline and the Yamal liquefied natural gas (LNG) project, and called on both sides to maintain momentum of the projects, adding that discussions should start on new collaborations and cooperation models.

He said the two sides should expand cooperation in product chain integration, oil and gas equipment-manufacturing, processing services,project construction and oil sales.

Miller said Russia attached great importance to energy cooperation with China and that the east-route natural gas pipeline construction was being promoted, as planned.

Russia is willing to work with China to accelerate the negotiation on the western route program, which would elevate bilateral energy cooperation to a new level, said Miller.

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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

China Premier Li: will try to avoid mass layoffs in restructuring of steel, coal sectors

Source: www.chinamining.org     Citation: Reuters    Date: March 16, 2016

China will try to avoid mass layoffs as it restructures the steel and coal sectors, even as it pushes ahead with economic reforms, Premier Li Keqiang said.

 Central government funding can be increased to help laid-off workers if necessary, Li said at a news conference on Wednesday at the end of the annual meeting of parliament.

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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

China`s oil giant, Alibaba to jointly offer `smart energy` services

Source: www.chinamining.org         Citation: Xinhua    Date: March 11, 2016

Open up the app on your cell phone and pay your gas bill with just one tap.

That is what possibly could be achieved through a partnership between China`s energy giant China National Petroleum Corporation (CNPC), Alibaba and its Internet finance arm Ant Financial, after the two sides signed an official agreement on Thursday.

According to a statement published on CNPC website, the partnership will focus on online maps, logistics, Internet payment, and membership sharing.

CNPC PetroChina already allows customers to add credit to their pre-paid gas cards through Ant Financial`s Alipay, one of the country`s leading mobile payment systems.

This agreement is a new approach by CNPC in its battle against low oil prices and signals a desire by both sides to transform the oil and gas industry, the statement said.

China is transforming its energy sector with the help of the Internet. A guideline on the "Internet Plus" strategy released by the State Council last year has listed "smart energy" as one of its 11 priorities.

CNPC and Alibaba are attempting to a system that improves the customer experience by meeting their demand, the statement said.

For Alibaba, the partnership could also mean an expansion of its logistics network, with PetroChina`s over 20,000 gas stations countrywide.

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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

US tariffs hit Chinese steel industry

Source: www.chinamining.org         Citation: China Daily USA        Date: March 3, 2016

The latest US tariffs imposed on steel from China could hurt the Chinese steel market as the sector continues to see declines in demand and is suffering from a supply glut, industry observers said.

The US Department of Commerce announced in a preliminary decision on Tuesday that it had placed tariffs on cold-rolled steel from China and several other countries. China received the most punishing tariff, 266 percent. Cold-rolled steel is used in automobile parts and appliances.   

It was the second high tariff the Commerce Department has levied against China in several months, the other one a 256 percent tariff on corrosion-resistant steel, which is used in automobiles and air conditioners.

According to the Commerce Department, China exported more than 790,000 metric tons of cold-rolled steel to the US in 2014, and is the biggest exporter of the commodity among the countries with the newly imposed tariffs.

"At this point I would doubt that there would be any steel coming in from China to the United States," said John Packard, president and publisher of the trade publication Steel Market Update.

"The Chinese were already blocked from shipping hot-rolled from a past ruling from many years ago, and this will essentially stop them from being able to ship cold-rolled and [corrosion-resistant] products to the United States," he said.

Domestic steel producers in the US filed petitions accusing several international competitors of dumping their products in the US and receiving subsidies from their governments.

China was shipping from 130,000 to 275,000 metric tons of steel a month to the US, which has dropped to around 83,000 metric tons a month, according to figures compiled by Steel Market Update.

In early 2015, China was averaging about 60,000 metric tons of cold-rolled steel exports to the US monthly, but that declined to less than 40 tons in January and February 2016. "These are not insignificant numbers," Packard said.

China`s steel industry is already facing a slowdown due to decline in demand that has led to large supplies of cheaply priced steel. The government announced earlier this week that roughly half a million steel workers will be laid off.

Adam Hersh, senior economist at the New York-based Roosevelt Institute, said that China has overinvested resources in steel capacity and is now cutting back, and the tariffs will pressure producers.

"What it does is that it`s going to financially squeeze the producers in China who have not responded to market signals when prices were low to pull back on investments and increasing production. So they`re going to find themselves with a lot of product that`s worth less and less," he said.

The steel industry is also affected by the country`s shift from a manufacturing-led economy to a service-based one, and a desire to curb pollution caused by heavily industrialized sectors like steel.

"Since 2010, the domestic demand for steel is declining - not shrinking in absolute terms, but growing more slowly," said Nicholas Lardy, senior fellow at the Washington-based Peterson Institute for International Economics.

"It`s mostly because the property market investment has been growing more slowly. The biggest challenge in the domestic industry arises from changes in the domestic demand situation," he 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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.

China plans 30 nuclear power plants along Silk route

Source: www.chinamining.org         Citation: China Daily and Xinhua    Date: March 3, 2016

CNNC chairman admits it faces `very strong competition` in selling its technology

China has set a target of building around 30 nuclear power units in countries along the Belt and Road Initiative routes by 2030, according to Sun Qin, president of China National Nuclear Corp.  

He said 70 countries in total are already planning or developing their own nuclear power projects, and it is estimated 130 more nuclear power units will have been built by 2020.  

"But we also face very strong competition in the international nuclear market," he said.  

"Countries like Russia, South Korea, Japan and the United States are all exploring the global nuclear market aggressively." 

Belt and Road destinations are those along the Silk Road Economic Belt and the 21st Century Maritime Silk Road-the initiative proposed by President Xi Jinping to strengthen regional economic integration and infrastructure connectivity.  

Currently China has 30 nuclear power generating units with a capacity of 28 million gigawatts and another 24 units are under construction, according to data from the National Energy Administration. 

CNNC is one of China`s three nuclear giants.  

It has been accelerating the building of its flagship nuclear project using Hualong One, a third-generation nuclear reactor design, in Fuqing, Fujian province, and hopes to leverage this domestic experience to boost its nuclear technology exports.  

The operator has already reached bilateral agreements on nuclear energy cooperation with countries including Argentina, Brazil, Egypt, Britain, France and Jordan, Sun said.  

But he emphasized there was no need to hit full self-sufficiency in nuclear, because many general components can be bought through international suppliers. 

CNNC has already exported six nuclear reactors, five miniature neutron source reactors, two nuclear research facilities and one experimental reactor.  

Sun said the company is looking ideally to cooperate with countries throughout the whole nuclear power industry chain.  

It actively promotes localization of its technology and strives to establish integrated industrial systems for countries involved with the Belt and Road, Sun 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 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22^nd -25^th, 2016. We invite you to join the event and to celebrate the 18^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2016, please visit: m.balanzskin.com.