en_矿业资讯

China builds largest offshore drilling rig

Source: www.chinamining.org     Citation: Global Times         Date: March 6, 2017

China has broken the world record again by building the largest offshore ultra-deep water drilling platform, which is also able to drill to the deepest depths of the sea, China Central Television reported. 

The semi-submersible drilling platform named Blue Whale 1 was manufactured by Yantai CIMC Raffles Offshore Limited (CIMC Raffles). It weighs 42,000 tons with a deck as large as a standard soccer field. 

At a height of 118 meters, equal to a 37-story building, the platform cost $700 million. 

The platform has a maximum operating depth of 3,658 meters and a maximum drilling depth of 15,240 meters respectively, the greatest operating and drilling depth in the world. It can operate in deep-sea operations across the world, CIMC Raffles says on its website. Its electric cable has a pull extension length of 1.2 million meters. 

It is the first "turn-key project," which is completed and can be sold to any buyer, by a Chinese shipbuilder in the ultra-deep water field. 

Blue Whale 1 was named and delivered to its project owner based in Yantai, a port city of East China`s Shandong Province on February 13. 

The platform will be jointly operated by Blue Whale and CNPC Offshore Engineering Co. Ltd for ocean energy exploration according to a previously signed service agreement between the two sides.

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 2013 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: www.chinaminingtj.org.

Coal`s decline looking like trend

Source: www.chinamining.org     Citation: China Daily         Date: March 1, 2017

Coal is loaded for railway transportation in Tongliao, Inner Mongolia autonomous region. [Photo/Xinhua]

The decline of China`s coal usage may have become a long-term trend, according to experts, after official data on Tuesday showed that coal burning in 2016 dropped for the third consecutive year.

Coal consumption, a major source for carbon dioxide emissions, dropped by 4.7 percent in 2016, the biggest year-on-year decline since 2014, according to the annual Statistical Communique on Economic and Social Development, released by the National Bureau of Statistics.

Xie Zhenhua, China`s special representative for climate change, told China Daily in January that he believed China would fulfill its carbon emission pledges "on time", but it might be too early to say the nation has accomplished its goal. 

China is aiming to reach a peak in its carbon dioxide emissions around 2030, according to pledges it made in the landmark UN Paris climate agreement, which came into force last year. 

Although the government has yet to make any official announcement, experts and economists expect the trend will continue, leading to carbon emissions peaking earlier than expected. 

The former administrator of the Chinese National Energy Administration, Zhang Guobao, wrote in July that coal consumption has peaked, adding that it should be announced publicly. 

Fossil fuel demand would naturally shrink after the nation`s economy begins to rely more on the service sector, whose energy consumption and pollution levels are lower, according to Hu Angang, an economics professor at Tsinghua University. 

Hu said the decline is irreversible, as the nation puts more emphasis on environmental protection. He noted that China accomplished its first year`s goal on time, as set out in the 13th Five-Year Plan (2016-20). 

A total of 10 major environmental targets have been set in the plan, in areas such as energy consumption per unit of GDP and emission levels of CO2 per unit of GDP. 

China failed to accomplish its yearly goals on time during the previous five-year plan, according to Hu. 

Lin Boqiang, head of China Institute for Energy Policy Studies at Xiamen University, said the energy system would continue to decarbonize, and the share of coal in China`s energy mix will shrink. 

Coal`s share has fallen to 62 percent in 2016 from 64 percent in 2015, and the nation produced 9 percent less coal in 2016 than in 2015, the communique said. 

Yang Fuqiang, a senior analyst at the Natural Resources Defense Council, said fossil fuels will continue play a large role in order to achieve economic goals, and coal consumption would shrink at a slower pace.

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 September 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 Jan copper concentrate imports from Peru rise 27% on year to 398,568 mt

Source: www.chinamining.org         Citation: Platts       Date: February 28, 2017

China imported 398,568 mt of copper concentrate from Peru in January, up 27% year on year, latest data released over the weekend by the General Administration of Customs showed.

Peru edged out Chile as China`s top source of imported copper concentrate in January. 

Imports from Chile stood at 318,618 mt in January, up 1% year on year. China`s other top eight suppliers in January were Mongolia with 110,867 mt, the US 67,011 mt, Mexico 50,440 mt, Australia 48,852 mt, Kazakhstan 37,852 mt, Spain 26,699 mt, Indonesia 25,942 mt and Laos 21,120 mt. 

Imports from the top 10 countries totaled 1.11 million mt, comprising 88.6% of China`s total copper concentrate imports of 1.25 million mt for January.

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 to boost gold output by 2020

Source: www.chinamining.org         Citation: Xinhua      Date: February 27, 2017

China will increase its annual gold output to 500 tons by 2020 from around 450 tons currently, according to the Ministry of Industry and Information Technology (MIIT).

In the 2016-2020 period, gold output should grow by an average 3 percent annually, the MIIT said in latest guidelines for the gold industry development. 

China has been the world`s biggest gold producer for 10 years and the largest gold consumer for four years.

The country`s gold output rose 0.76 percent year on year to 453.5 tons in 2016, with consumption hitting 975.4 tons.

Last year, global gold demand increased 2 percent to 4,309 tons, the highest since 2013, boosted by an uplift in gold buying amid political and economic uncertainties, data from the World Gold Council show. 

The MIIT highlighted technology improvement and environmental protection in the gold industry. 

It aims to consolidate and upgrade the industry by reducing the number of gold miners to around 450 from more than 600, and shutting down 40 tons of outdated production capacity by the end of 2020.

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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 coal-rich Shanxi halts mining rights approvals, transfers

Source: www.chinamining.org         Citation: Xinhua      Date: February 24, 2017

North China`s coal-rich Shanxi province will continue to halt mining rights approvals and transfers in 2017 as it seeks to reduce overcapacity in the struggling industry, a local official said Thursday. 

The province will strictly limit increases in newly added coal output, said Xu Dachun, head of the provincial department of land and resources.  

Shanxi, where mining rights approvals and transfers were suspended for the first time in 2016, shut down 23.25 million tonnes of coal production capacity last year. 

Xu said the authorities will also strive to guard against resuming production at the closed coal mines.  

In addition, Shanxi will further step up mergers and acquisitions of existing mines to form large mining groups. It aims to limit the number of its mines to 900 in 2020, with each having an average production capacity of 1.8 million tonnes annually, the official said. 

Coal output in Shanxi hit 832 million tonnes in 2016, a decline of 143 million tonnes from the figure in 2015.  

Shanxi accounts for a quarter of China`s proven coal reserves with more than 260 billion 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.

Top coal producers push for China to cap output again

Source: www.chinamining.org         Citation: Reuters       Date: February 22, 2017

Major coal producers in China pushed for the government to reinstate limits on thermal coal output during an industry meeting on Tuesday, citing weakening demand and growing supply, two sources briefed on the gathering said.

It`s not clear if a government representative was at the meeting, which took place at the China Coal Association headquarters in Beijing.

The central government may reimpose tough measures to cut output after the peak winter heating season ends. 

The sources declined to be identified as they were not authorized to speak to the media.

 If limits are reintroduced, it would represent the third major shift in policy by the government in the past year.

The government aims to move the world`s largest energy market toward cleaner, renewable fuel sources, while ensuring utilities have enough fuel. 

Executives from top miners China Coal Energy Co and China Shenhua Energy Co were among the attendees, sources said. 

The companies and the Coal Association did not immediately respond to requests for comment.

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 iron ore, steel steady after rapid rally

Source: www.chinamining.org         Citation: reuters.com      Date: February 16, 2017

Chinese iron ore and steel futures stabilized on Thursday after recent sharp gains that pushed the steelmaking raw material to a record high. 

Expectations of a pickup in construction activity and steel supply tightening in China, the world`s largest producer, have helped steel prices rally this year, fueling a rapid rise in iron ore markets.

The most-active rebar on the Shanghai Futures Exchange was up 0.6 percent at 3,432 yuan ($501) a tonne by 0303 GMT. The construction steel product reached a two-month high of 3,458 yuan on Wednesday. 

Iron ore on the Dalian Commodity Exchange was flat at 703 yuan per tonne, after peaking at 718 yuan in the prior session, matching its highest intraday level touched in October 2013, when the exchange launched iron ore futures. 

Rebar has gained 18 percent so far this year and iron ore has risen 27 percent. 

To improve air quality during the annual meeting of the National People`s Congress in early March, governments in Beijing, Tianjin and Hebei have released orders for steel mills to cap production from late February to early March, Chinese commodities firm Xiben New Line reported. 

The Beijing-Tianjin-Hebei region produced around 210 million tonnes of crude steel last year, or 26 percent of China`s total output, analysts at Morgan Stanley said in a note.

If half of steel production in the region is capped for 20 days, the decline in production could be 5.8 million tonnes, they said. 

"In this case, it may create short-term supply tightness and hence price reactions, as demand recovers starting from late February," they said. 

"(But) overall, we expect the potential impact to be short-lived." 

Iron ore for delivery to China`s Qingdao port dropped 0.7 percent to $91.05 a tonne on Wednesday, according to Metal Bulletin. 

It was the second straight day of decline for the spot benchmark after touching a 30-month peak of $92.23 on Monday. ($1 = 6.8577 Chinese yuan)

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.

EU proposes extension of Chinese solar duties by 18 months

Source: www.chinamining.org         Citation: Xinhua      Date: February 09, 2017

BRUSSELS - The European Commission on Wednesday proposed an extension of import duties on solar panels from China by 18 months with a gradual phase-out, Commission Vice President Frans Timmermans said on Wednesday.

Timmermans told a news conference that the decision was made after taking into account the different interests at stake, including member state opinions. 

"Solar energy is essential for our environmental and climate goals, that is why the College today took the time for a careful and thorough weighing of the options," he said. 

"The phase-out is also meant to make sure that producers of solar panels in the European Union have the time to adapt to the new situation. The precise conditions are something that will be up for debate, also with member states now," Timmermans added. 

Those anti-dumping and anti-subsidy measures on Chinese solar products have been in place since 2013 and are currently under review as to whether they should be maintained. 

Eighteen of EU member states last month opposed a proposed two-year extension. 

This proposal will be sent to member states for further discussion and the case is expected to be settled in early March.

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.