en_矿业资讯

China`s chemical industry`s output up 11.1% in H1

Source: www.chinamining.org  Citation:China Knowledge   Date: August 04, 2014

The value-added output of China`s chemical industry rose 11.1% year on year in the first half of this year, according to figures released by the National Development and Reform Commission.
   
The growth rate for the six-month period was 0.7% lower than it realized in the same period of 2013.
   
During the period from Jan to Jun 2014, the output of ethylene grew 5.3% year on year to 8.47 million tons, and those of plastics in primary form rose 11.5% to 33.71 million tons.
   
The country`s synthetic rubber output increased 9.9% to 2.49 million tons during the period and its synthetic fiber output increased 7.6% to 19.37 million tons.
   
In the first half of this year, China produced a total of 15.8 million tons of caustic soda, reflecting a year on year increase of 10.9%, while the output of soda ash, calcium carbide and pesticide reached 12.7 million tons, 11.81 million tons and 1.83 million tons, up 6.9%, 8% and 0.8% from a year earlier, respectively.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s cement output up 3.6% in H1 to 1.14 bln tons

Source: www.chinamining.org  Citation:China Knowledge   Date: August 04, 2014

China`s cement output grew 3.6% year on year to 1.14 billion tons in the first half of this year, according to statistics released by the National Development and Reform Commission.
   
From Jan to Jun 2014, China`s flat glass output rose 4.7% year on year to 411.18 million weight boxes. The growth rate was 6.1% lower than that in the same period of 2013.
   
The average ex-factory price at major cement enterprises decreased RMB 6.4 per ton from May to RMB 348 per ton in Jun. At the end of Jun, the cement inventory of these major cement enterprises had increased 1.1% year on year to 19.27 million tons.
   
The price of flat glass stood at RMB 61.1 per weight box, remained flat from a month earlier.
   
The building material industry realized RMB 159.7 billion in profit in the first five months of this year, reflecting an increase of 20.7% year on year. The profit of the cement sector surged 69.5% to RMB 26 billion. The flat glass sector saw profit increase 46.7% year on year to RMB 1.79 billion.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Gold deposits worth 6.46 billion USD discovered in Xinjiang

Source: www.chinamining.org   Citation: Xinhua   Date: July 30, 2014

Geologists have discovered a large gold deposit worth a potential 6.46 billion U.S. dollars in northwest China`s Xinjiang Uygur Autonomous Region, local officials said on Tuesday.
   
With at least 127 tons of proven reserves, it is the largest gold deposit ever discovered in resource-rich Xinjiang.
   
It is located in Uqar County, which borders Kyrgyzstan in west Xinjiang, according to the regional bureau of geology and mineral exploration and development.
   
"It`s expected the total reserves will exceed 200 tons," said Cui Hongbin, head of the exploration team.
   
The discovery will not only increase China`s gold output, which totaled 211.07 tons in the first half of this year, but will also benefit local revenue and employment, said Cui.
   
The bureau spent two decades exploring the area, where geological workers found more than 20 belts of gold ore in the 20-square-km Sawayaerdun deposit, he said.
   
The discovery has attracted the attention of several major mine developers in China who have expressed interest in co-development.
   
In 2013, the bureau also discovered two gold deposits with proven reserves of more than 50 tons each in the counties of Xinyuan and Hejing. 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20th -23rd , 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit:www.chinaminingtj.org.

Rare-earth output cap raised

Source: www.chinamining.org  Citation: Global Times  Date: July 28, 2014

A worker drives across a rare-earth mine in Shanghai in an excavator.

China plans to produce 10 percent more rare-earth metals in 2014 than that in the previous year, an official with the Ministry of Industry and Information Technology (MIIT) said on Thursday, noting that the government will keep its policy of export duties and quotas in place.
  
The country`s rare-earth metals extraction and production limit in 2014 is 10 percent higher than that of 2013, Huang Libin, an official at the MIIT, told a press conference on Thursday.
  
"The output cap was set after studying and analyzing the situation of the domestic and overseas market in recent years, and is jointly decided with the related government organs including the Ministry of Land and Resources," Huang said.
  
"The rapid development of China`s strategic and emerging industries, especially the new material and energy-saving and environmental protection sectors, drove the demand for rare-earth metals, making it necessary to raise the growth target," Huang said.
  
The industry-wide consolidation campaign was aimed at creating six major rare-earth metal companies, said the official, noting the campaign has been going on since January resulting in rising demand.
  
"The country`s economic growth in 2014 is forecast to be around 7.5 percent. That means overall demand still exists and the 10 percent growth target for the industry is within a reasonable range," Wu Chenhui, a nonferrous metal analyst with chinaiol.com, told the Global Times Thursday.
  
Rare-earth elements are a group of highly valued rare minerals used to make high-tech products from smartphones to hybrid cars and airplane equipment.
  
Wu said encouraging news about new-energy vehicles also stimulated the market of rare-earth metals.
  
President Xi Jinping said on May 24 that the new-energy vehicle sector should be given more importance in the future during a visit to Shanghai-based automaker SAIC Motor.
  
On July 13, five government agencies including the National Government Office Administration and the National Development and Reform Commission announced that new-energy vehicles must account for no less than 30 percent of all cars purchased by central government agencies and some city governments each year from 2014 to 2016.
  
Meanwhile, the State Council, China`s cabinet, announced on July 9 that new-energy cars will be exempted from a 10 percent purchase tax starting from September in a bid to save energy and combat pollution.
  
"One type of rare-earth metal is used as material to make motors for electric cars," Wu said. "A growth in electric car consumption will augment the rare-earth market."
  
"The industry has been going through a process of consolidation, and the strategy to establish large industry players will naturally lead to greater demand for exploration of the resources," Xu Haibin, a metal analyst with Ji`nan-based commodity consultancy Sublime China Information, told the Global Times Thursday.
  
However, the consolidation process has been less smooth than expected, according to Wu.
  
"The process is not without setbacks. Local governments at provincial level tend to resist nationwide consolidation and prefer to create local giants," Wu noted.
  
Coupled with strong growth in the domestic market, exports of rare-earth metals have also expanded rapidly.
  
Customs data shows that China exported 14,101 tons of rare-earth metals in the first half of 2014, rising 49.9 percent from the same period in 2013.
  
China exported 22,493 tons of rare earth in 2013, or about 73 percent of the export quota allowed.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s natural gas output up 7.5% in H1 at 63.2 bln cu m

Source: www.chinamining.org   Citation:China Knowledge  Date: July 24, 2014

China saw its output of natural gas increase 7.5% year on year to 63.2 billion cubic meters (cu m) in the first half of this year, said the National Development and Reform Commission in a statement published on its website.
   
In the first six months, China`s natural gas imports grew 14.4% year on year to 28.3 billion cu m. There is 15.2% growth in import of pipeline gas and a 13.9% increase in import of liquefied natural gas.
   
From Jan to Jun, the consumption of natural gas amounted to 88.7 billion cu m, 8.9% more than it realized in the same period of 2013.
   
In the month of Jun, China`s natural gas output reached 9.9 billion cu m, while its import of natural gas amounted to 4.9 billion cu m. 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China coal demand to peak by 2020 - Standard & Poor

Source: www.chinamining.org   Citation: www.rtcc.org   Date: July 24, 2014

China`s demand for coal is likely to peak by 2020, according to new analysis from ratings agency Standard & Poor`s.
   
It bases the conclusions on the country`s GDP increasing by 7.4% and 7.2% in 2014 and 2015, with coal demand falling to single figures later this decade.
   
"This is due to the slow shift of the economy toward consumption from capital investments; lower GDP growth; and the Chinese government`s increasing focus on tightening emission standards and moving to more renewable energy sources," it says.
   
"Other tangible factors include the low level of fresh water and lack of long-term quality coal resources."
   
Shale gas could be a "game changer" says the agency, but significant pipeline infrastructure needs to be installed before the country`s reserves can be fully exploited.
   
China is the world`s largest coal consumer and biggest source of greenhouse gas emissions.
   
In a report published on Tuesday with the London-based Carbon Tracker NGO, Standard & Poor also warns coal producers that new green policies aimed at addressing climate change will hit growth.
   
"As governments globally seek to reduce their CO2 emissions, it looks increasingly likely that `King Coal` will lose its crown," says the report.
   
"A significant decline in coal production and consumption globally is becoming a much more realistic concept."
   
Coal companies in Europe are likely to be hit hardest, with the report dismissing any short term impacts on coal mining in Indonesia, Vietnam, and Australia.
   
It says the future of US coal will likely hinge on domestic natural gas prices, boosted by President Obama`s recent move to cap emissions from carbon polluting power stations 30% by 2030 on 2005 levels.
   
And the agency suggests some coal producers may suffer from the "carbon bubble", where shifts in international climate laws make their reserves unburnable.
   
It adds: "The global coal market is in the doldrums, owing to excess supply and fundamental shifts in the US energy mix toward gas and new coal mining projects.
   
"Over the long term, coal miners may experience stranded assets as a result of carbon constraints."
    
In a statement Standard & Poor`s credit analyst Michael Wilkins says "numerous factors and their timing" are likely to affect the future of coal as a major energy source.
   
"Carbon pricing through either taxation or cap and trade emission reduction schemes is among them," he says.
   
"We believe new initiatives, such as those made recently by the US and China may flatten the growth in coal demand over the coming years."
   
Adeline Diab, head of responsible investments at Aviva Investors, says the report should alert potential fund managers over the long term risks linked to coal.
   
"The dynamics and change of the coal market is accelerating. However, markets are currently not pricing these risks even though they are material to long-term capex plans and current market values." 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s gold output up 9.5% in H1 at 211 metric tons

Source: www.chinamining.org   Citation: China Knowledge   Date: July 24, 2014

China saw its gold output increase by 9.47% year on year to 211.07 metric tons (MT) in the first half of this year, according to statistics released by China Gold Association.
   
In the first six months of this year, gold mines in the country produced 169.05 MT of gold, 6.15% more than in the same period of 2013.
   
Meanwhile China`s nonferrous smelters produced 42.02 MT of colored-by-product gold in the first six months, reflecting a year on year increase of 25.22%.
   
In the first half of this year, China`s gold consumption decreased 19.38% year on year to 569.45 MT.
   
426.17 MT of gold were made into jewelry in the first six months, up 11.02% year on year, and 105.58 MT were used for gold bars, a decrease of 62.13% year on year.
   
Meanwhile, a total of 10.95 MT were made into gold coins in the period, declined 44.3% from a year earlier. 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China aluminium surplus likely to cap price rally: Clyde Russell

Source: www.chinamining.org   Citation: Reuters   Date: July 24, 2014

Rising Chinese output is likely to act as a brake on aluminium`s 15 percent rally since May, even as the global outlook for the industrial metal improves.
   
It`s no secret that much of Chinese aluminium smelting capacity operates at a loss and is reliant on subsidies from local and regional governments to survive.
   
But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing-based consultants AZ China.
   
This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.
   
The average cash cost for a Chinese aluminium smelter in the second quarter was 14,161 yuan ($2,282) a tonne, above the Shanghai Futures Exchange (SHFE) spot price of 13,435 yuan, the report said.
   
Still, the average cash cost for Chinese smelters was 2 percent lower in the second quarter than the first as inputs such as electricity and alumina decreased in price, allowing plants to remain in business.
   
AZ China also said that capacity additions since the beginning of the year totalled 2 million tonnes of annual capacity, with a further 1 million tonnes slated to come online in the next few months.
   
This is likely to ensure that the Chinese aluminium market remains over-supplied, putting downward pressure on aluminium imports and upward pressure on exports.
   
China is a large net exporter of semi-finished products such as wire, foil, plates, sheets and strip, as well as aluminium alloy.
   
Exports of semi-finished aluminium rose 3.7 percent in the first six months of 2014 from a year earlier to 1.54 million tonnes, while shipments of alloy rose 20.4 percent to 255,933 tonnes, according to customs data.
   
Chinese aluminium output is also rising, with National Bureau of Statistics data showing June production of 1.95 million tonnes, up 4.8 percent from May, and year-to-date output of 11.54 million tonnes, up 7.4 percent some the same period in 2013.
   
While official statistics may not capture all of China`s aluminium output, they do reveal a rising trend, which shows that even the parlous state of profitability at smelters isn`t resulting in production cutbacks.
   
SHANGHAI PREMIUM TO LONDON NARROWING
   
This is leading to a growing disconnect between Chinese and London aluminium prices.
   
London Metal Exchange benchmark three-month aluminium ended Monday at $2,020 a tonne, the highest since February 2013.
   
The price is being bolstered by an improving demand outlook, led by increasing use of the lightweight metal in vehicle manufacturing, as well as issues surrounding the load-out queues at LME warehouses.
   
With almost 3 million tonnes of aluminium waiting for delivery, physical premiums have soared in the West, increasing costs for manufacturers seeking the metal.
   
In contrast, SHFE three-month futures are down 2.9 percent this year in U.S. dollar terms and are virtually flat in yuan terms.
   
This means the premium of SHFE over LME futures has narrowed from $515.94 a tonne at the end of last year to just $226.81 on Monday.
   
In early 2012, LME futures rallied while SHFE contracts were flat, taking the gap to $219.18 a tonne on March 1 of that year.
   
In the next six months LME futures slid almost 22 percent, while SHFE prices dropped only 6 percent.
   
This doesn`t mean something similar will happen now, but it does suggest that when LME prices gain relative to SHFE futures, it`s more likely that the London contracts will ease if the more normal gap between the two is to be restored.
   
This is especially the case given the pressure on margins at Chinese smelters and the ongoing over-supply situation, which makes it unlikely domestic prices have much upward potential. 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.