en_矿业资讯

China`s CNOOC tenders 10 coal bed methane blocks

Source: www.chinamining.org     Citation: Reuters           Date: April 21, 2017

China National Offshore Oil Company, or CNOOC, issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country, the company said on Thursday.

The blocks have a total size of 2,173 square kilometers, including blocks in the Ningxia region in western China, Shanxi province in central China, and Shandong, Anhui province in the east, the company said in a statement.

Data room for the tender is open from April 30 to July 31, the company 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: www.chinaminingtj.org.

Sinopec to further diversify its online industrial supply system

Source: www.chinamining.org     Citation: China Daily       Date: April 19, 2017

The online industrial product system epec.com has witnessed total transactions of 90.2 billion yuan ($13.1 billion) since its launch last April, a year-on-year increase of 526 percent, Asia`s largest refiner China Petroleum & Chemical Corp said on Tuesday. 

More than 1.58 million products are available at the platform from industries including coal, steel, petrochemicals and oil equipment, after one year`s operation, an increase of 532 percent year-on-year, with registered enterprises reaching 35,000, up 45 percent compared with the previous year, said the refiner, which is also known as Sinopec.

The online industrial product system, which the company aims to build into an industrial version of Taobao.com, the country`s largest online shopping marketplace owned by Alibaba, is part of Sinopec`s efforts to promote market-oriented transformation to further diversify its business and enhance profitability.

Alibaba provides services to Sinopec in terms of internet security, big data and technology upgrading.

Sinopec has also launched the international business platform global.epec.com, which aims to introduce China`s best products to the world and help connect trade chains worldwide.

"The construction and commercial operation of Epec coincides with the State`s full implementation of supply-side structural reform, which aims to push forward the growth pattern transition, structural adjustment and the innovative development of enterprises," Jiao Fangzheng, Sinopec`s deputy general manager, said at a news conference in Beijing.

"Epec will closely follow the Belt and Road Initiative to serve enterprises, projects, partners and global industries."

Steve Meszaros, GE vice-president responsible for the company`s supply chain in China, said as an Epec partner, GE plans to cooperate with Epec to support the creation of a fair trade environment within the Epec platform.

"We hope to expand our cooperation with Epec in the future, broadening our participation across other GE business sectors in China where we can demonstrate additional benefits to both GE and Sinopec for continued purchasing optimization and the ongoing development of the e-commerce business model," he said.

"We also hope that GE Industrial Solutions can leverage the Epec platform to promote our brand, our products and our technologies in Sinopec, in the oil and gas industry, and even in more B2B industries in China and overseas."

Wan Donghui, deputy secretary-general at China Electronic Commerce Association, said the industrial product system holds more opportunities and will serve as a bridge between the domestic market and the international market, explore opportunities and connect supply and demand.

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: www.chinaminingtj.org.

China`s crude oil output falls 6.8% in first quarter

Source: www.chinamining.org     Citation: Xinhua           Date: April 18, 2017

China`s crude oil output fell 6.8 percent year on year in the first quarter of 2017 as refineries slashed production and imported more due to high exploitation costs, according to National Bureau of Statistics data Monday. 

Crude oil output came in at 48.02 million tons during the period. In March alone, crude oil output went down 4.6 percent to 16.58 million tons.

During the January-March period, China refined 138.22 million tons of crude, up 4.5 percent year on year.

In the first three months, natural gas output totaled 38.74 billion cubic meters, up 3.4 percent year on year.

China aims to increase domestic crude oil output to 200 million tons by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters.

Major tasks for the oil industry include accelerating exploration to ensure domestic oil supply, speeding up construction of pipeline networks and developing clean alternatives.

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: www.chinaminingtj.org.

China Q1 iron ore imports up 12.2 pct y/y, copper down 19.9 pct - customs

Source: www.chinamining.org     Citation: Reuters      Date: April 17, 2017

China`s iron ore imports rose 12.2 percent in the first quarter of the year versus the same period a year earlier to 271 million tonnes, Chinese customs said on Thursday.

Copper imports in the period were down 19.9 percent on year at 1.15 million tonnes.

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: www.chinaminingtj.org.

U.S. shale methanol soon en route to China

Source: www.chinamining.org     Citation: China Daily          Date: April 10, 2017

China is investing heavily in North American shale gas in order to commercially extract methanol for use as an environmentally sustainable motor fuel, a leading executive behind the multibillion-dollar project said. 

Spearheaded by Shanghai Bi Ke Clean Energy Technology Co Ltd, a State-owned enterprise focused on methanol production, a plant has been set up in the state of Washington to produce methanol from the shale gas, said Wu Lebin, chairman of Bi Ke`s parent－the Chinese Academy of Sciences Holdings Co Ltd 

He said the plant had attracted $6 billion in funding from both Chinese and United States investors. 

Wu said that he expected the first batch of methanol to be shipped to China via seaborne carriers by 2019.

"If we replace diesel, coal and gas with methanol to power vehicles, emissions of PM2.5 (a critical air pollutant) would be slashed by 80 percent, and carbon emissions would be halved," he said, adding that the cost is only two-thirds that of coal. 

China has factored in environmental concerns while maintaining economic growth, by transitioning from the use of coal to other cleaner energy such as liquid natural gas.

China is investing heavily in North American shale gas in order to commercially extract methanol for use as an environmentally sustainable motor fuel, a leading executive behind the multibillion-dollar project said.

Spearheaded by Shanghai Bi Ke Clean Energy Technology Co Ltd, a State-owned enterprise focused on methanol production, a plant has been set up in the state of Washington to produce methanol from the shale gas, said Wu Lebin, chairman of Bi Ke`s parent－the Chinese Academy of Sciences Holdings Co Ltd. 

He said the plant had attracted $6 billion in funding from both Chinese and United States investors. 

Wu said that he expected the first batch of methanol to be shipped to China via seaborne carriers by 2019. 

"If we replace diesel, coal and gas with methanol to power vehicles, emissions of PM2.5 (a critical air pollutant) would be slashed by 80 percent, and carbon emissions would be halved," he said, adding that the cost is only two-thirds that of coal.

China has factored in environmental concerns while maintaining economic growth, by transitioning from the use of coal to other cleaner energy such as liquid natural gas.

Utilizing methanol as a source of power has been adopted by a number of Chinese companies, Wu noted, but the technology to convert shale gas into methanol is "cutting-edge", he added. 

The US is a favorable source of shale gas thanks to easy access, the low cost of electricity and a close location for international shipping, Yuhuang Chemical Inc CEO Charlie Yao said. 

Yao`s company has also established a plant in the US－in Louisiana－to produce methanol for the Chinese market. 

By 2020, proven reserves of shale gas will surpass 1.5 trillion cubic meters, according to the 13th Five-Year Plan (2016-20) on the energy sector released by the National Development and Reform Commission and the National Energy Administration. 

China has steadily increased its ability to extract shale gas in recent years and aims to substantially improve its shale gas yield in the next decade and beyond. 

Annual output is expected to reach 30 billion cu m by 2020 and jump to a range of 80 to 100 billion cu m in another 10 years, the NEA 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: www.chinaminingtj.org.

U.S. shale methanol soon en route to China

Source: www.chinamining.org     Citation: China Daily          Date: April 10, 2017

China is investing heavily in North American shale gas in order to commercially extract methanol for use as an environmentally sustainable motor fuel, a leading executive behind the multibillion-dollar project said. 

Spearheaded by Shanghai Bi Ke Clean Energy Technology Co Ltd, a State-owned enterprise focused on methanol production, a plant has been set up in the state of Washington to produce methanol from the shale gas, said Wu Lebin, chairman of Bi Ke`s parent－the Chinese Academy of Sciences Holdings Co Ltd. 

He said the plant had attracted $6 billion in funding from both Chinese and United States investors. 

Wu said that he expected the first batch of methanol to be shipped to China via seaborne carriers by 2019.

"If we replace diesel, coal and gas with methanol to power vehicles, emissions of PM2.5 (a critical air pollutant) would be slashed by 80 percent, and carbon emissions would be halved," he said, adding that the cost is only two-thirds that of coal. 

China has factored in environmental concerns while maintaining economic growth, by transitioning from the use of coal to other cleaner energy such as liquid natural gas.

China is investing heavily in North American shale gas in order to commercially extract methanol for use as an environmentally sustainable motor fuel, a leading executive behind the multibillion-dollar project said. 

Spearheaded by Shanghai Bi Ke Clean Energy Technology Co Ltd, a State-owned enterprise focused on methanol production, a plant has been set up in the state of Washington to produce methanol from the shale gas, said Wu Lebin, chairman of Bi Ke`s parent－the Chinese Academy of Sciences Holdings Co Ltd. 

He said the plant had attracted $6 billion in funding from both Chinese and United States investors. 

Wu said that he expected the first batch of methanol to be shipped to China via seaborne carriers by 2019. 

"If we replace diesel, coal and gas with methanol to power vehicles, emissions of PM2.5 (a critical air pollutant) would be slashed by 80 percent, and carbon emissions would be halved," he said, adding that the cost is only two-thirds that of coal. 

China has factored in environmental concerns while maintaining economic growth, by transitioning from the use of coal to other cleaner energy such as liquid natural gas. 

Utilizing methanol as a source of power has been adopted by a number of Chinese companies, Wu noted, but the technology to convert shale gas into methanol is "cutting-edge", he added. 

The US is a favorable source of shale gas thanks to easy access, the low cost of electricity and a close location for international shipping, Yuhuang Chemical Inc CEO Charlie Yao said.

Yao`s company has also established a plant in the US－in Louisiana－to produce methanol for the Chinese market.

By 2020, proven reserves of shale gas will surpass 1.5 trillion cubic meters, according to the 13th Five-Year Plan (2016-20) on the energy sector released by the National Development and Reform Commission and the National Energy Administration. 

China has steadily increased its ability to extract shale gas in recent years and aims to substantially improve its shale gas yield in the next decade and beyond.

Annual output is expected to reach 30 billion cu m by 2020 and jump to a range of 80 to 100 billion cu m in another 10 years, the NEA 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: www.chinaminingtj.org.

Mining giant Rio Tinto calls out Australian Government on tax, urges rate cuts

Source: www.chinamining.org     Citation: Xinhua      Date: April 10, 2017

Australian mining giant Rio Tinto has gone on the offensive on Monday, releasing their tax statements, as the Australian Government seeks to recoup 447 million (335.46 U.S. million) dollars in what it claims are unpaid taxes. 

The bill is based on what the government calls "transfer pricing", which it said has allowed Rio Tinto to transfer profits to Singapore, where they will be taxed at a lower rate.

Currently in Singapore, companies are taxed at 17 percent, as opposed to the 30 percent they are subject to in Australia. 

The Australian Government has been cracking down on multinationals in recent years, with the Australian Tax Office currently auditing 59 global corporations, and scores of others, in an attempt to enforce their new legislation regarding tax avoidance. 

However, the tax details released by the miner, show that Rio Tinto paid 2.9 billion U.S. dollars on their income for the year ending 2016, and Chris Lynch, chief executive officer of Rio Tinto said in a statement obtained by Xinhua, the decision to release the figures shows the company is committed to tax transparency.

"In 2016, we paid US$4 billion in taxes and royalties to governments, which takes our total direct tax contributions over US$50 billion since 2010." 

The mining chief also reiterated his company`s firm support for the proposed reduction in company tax by the government, despite the move facing considerable push-back in the senate, and said that if the current 30 percent tax rate is maintained, it will hurt Australia in the long run. 

"We support the Australian government`s policy to reduce the corporate tax rate. If Australia remains with a 30 percent corporate tax rate, this will come at a cost to investment and jobs, as other nations leave Australia behind," Lynch said. 

"For an industry that makes multi-decade investments, with significant up-front capital expenditure, the risk of fiscal instability will influence the global flow of capital and a country`s ability to attract and retain investment." 

This comes as the price of iron ore has plummeted significantly over the weekend, with the Port of Tianjin spot price plummeting 7.3 percent to around 75 U.S. dollars per metric ton, with further falls expected throughout the year.

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: www.chinaminingtj.org.

Asia`s largest manganese ore discovered in SW China

Source: www.chinamining.org     Citation: Xinhua     Date: April 10, 2017

A reserve of 203 million tons of manganese ore, the largest in Asia, has been discovered in Southwest China`s Guizhou province, local authorities said Saturday. 

Pujue manganese ore lies in the mountains of Songtao Miao autonomous county in Tongren city and was discovered by Guizhou provincial geology and mineral exploration bureau, the county government said in a press release. 

It said the ore had a potential value of more than 100 billion yuan ($14.5 billion). 

China is the world`s largest producer and consumer of manganese, which is used widely in making batteries and magnetic new materials. 

In recent years, scientists have discovered four large manganese ore deposits in Guizhou province with combined reserves of 600 million tons, said Chen Yuchuan, a noted geologist and academician with the Chinese Academy of Engineering. 

"The newly discovered ore deposits make up 60 percent of China`s total proven reserves and will greatly reduce the country`s reliance on imports," 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 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: www.chinaminingtj.org.