China mineral firms in SE Asia

Source: www.chinamining.org     Citation: Global Times          Date: Aug.28, 2017

Fifteen companies in the mining industry based in South China`s Guangxi Zhuang Autonomous Region reportedly have implemented a "go global" strategy, covering more than 10 mining areas in regions such as the Association of Southeast Asian Nations.

More than 90 Chinese companies have so far invested in the mining industry in Laos, accounting for 40 percent of all foreign enterprises in the sector there, domestic news site chinanews.com reported Saturday.

These Chinese firms are mainly engaged in exploration and production, it 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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China`s energy intensity falls at fastest pace as non-fossil fuel consumption

Source: www.chinamining.org     Citation: Reuters          Date: Aug.25, 2017

China`s energy intensity is declining at the fastest pace, a government economist was quoted as saying by the State Council on its website on Thursday, as the country strives to adjust its energy structure and improve energy efficiency.

Data from the National Energy Administration (NEA) shows that energy consumption per unit of gross domestic product in China reduced 14.6 percent from 2013 to 2016.

"Energy development in China should follow a low-carbon principle and the proportion of natural gas and non-fossil fuel in energy consumption should increase," said Guo Zhi, chief economist at the NEA.

China`s installed capacity of hydropower, wind, solar and nuclear power has ranked No.1 in the world, according to the NEA.

The world`s biggest energy consumer pledged to raise its non-fossil fuel portion of primary energy consumption to 15 percent from 12 percent by 2020.

Natural gas and non-fossil fuel consumption has grown 4.2 percent over the past four years, while coal consumption declined, the NEA data shows.

The central government is considering efficiency improvements as the crucial part of its long-going energy reform. "In the next step, the NEA will work with relevant authorities to achieve the goals of energy consumption control and carry out inspections," said Guo.

"[The authorities] will also eliminate outdated capacity and strictly limit new capacity in high energy-consuming industries such as steel and construction materials."

Coal consumption rose 1 percent to 1.83 billion tons in the first half of this year from a year earlier, driven by higher consumption in power, steel and chemical sectors, according to the NEA data.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China auctions exploration rights for shale gas

Source: www.chinamining.org     Citation: Xinhua       Date: Aug. 21, 2017

China auctioned the exploration rights for a shale gas mine Friday, the first such auction in the country.

Guizhou Industrial Investment Corporation from Southwest China`s Guizhou province paid 1.29 billion yuan ($190 million) for the exploration rights for the mine in Guizhou`s Zheng`an county.

The three-year-long exploration rights were auctioned with a starting price of 42.36 million yuan. The buyer can apply for an extension of two years, provided that they reach the target of scale development in the first three years. New development plans should be submitted for the extension, during which no less than 50,000 yuan per kilometer should be spent prospecting shale gas each year.

The auction plays a significant role in the reform of the exploration rights of China`s oil and gas industry, according to an official with the provincial department of land and resources.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China completes 85 pct of coal-capacity-cutting target by July - Security Daily

Source: www.chinamining.org     Citation: Reuters       Date: Aug. 18, 2017

China has eliminated 128 million tonnes of coal capacity in the first seven months, accounting for 85 percent of its target for this year, state-owned Security Daily reported on Friday.

Seven provinces has exceeded their capacity cutbacks targets, including top coal producing province Inner Mongolia, Security Daily reported, citing China National Coal Association data.

China pledged to eliminate at least 150 million tonnes of coal capacity in 2017.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

A medium - sized manganese ore is found in Tongling, Guangxi

A medium - sized manganese ore is found in Tongling, Guangxi By the Guangxi fourth geological team to bear the Yizhou area and Xincheng area 1: 50000 scale geological and mineral survey 2 projects, through the work, the current stage results. Which in the Mazi mining area of ​​manganese oxide ore body 5, manganese carbonate layer 4, the initial estimate of manganese carbonate ore 11.1 million tons, up to medium-sized.

It is understood that the project team completed a total of 3784 square meters of geological mapping, remote sensing geological interpretation of 3800 square kilometers, field observation section of more than 60 total length of 393.2 km, nearly 3,000 samples of rock samples, water sediment measurements 234 square thousand Rice, soil measurement 1660 square kilometers, trench exploration 6400 cubic meters, the basic chemical analysis of 900 rock samples, spectral analysis of geochemical exploration of 8200 pieces. At present, these two projects have achieved initial results.

First, the comprehensive study of the stratigraphic space distribution, lithology assemblage, paleontological facies, lithofacies palaeogeography, sequence characteristics, etc., confirmed that the Yizhou area, especially the Xincheng area since the Falls (385Ma) by the North North East And the northwest to the regional impact of the formation of the formation of ditch, Taiwan phase pattern; to Nan Dan group of gray thin layer of sandy lumps, strip limestone as the boundary will be Miao - Tongling - Fulong area divided into a North The sedimentary facies of the basin in the northeastern trending basin is confirmed, and the distribution of the Lower Carboniferous Baoping Formation and its rock composition is confirmed, and the depth of the basin is measured. Second, the system of investigation and focus on anatomy, the initial identification of folds, the type of fault, evolution and other characteristics, initially that the Miao - Tongling - Fulong area north - north tectonic structure of the early formation of limestone rock breccia Filled with calcite, the middle of the original fracture along the crushed surface to form crushed rock, lacustrine limestone, later by the North West to the tectonic transformation, the overall control of Miao - Tongling - Fulong basin spatial distribution and basin uplift, the formation The edge of the platform is characterized by significant correlation between controlling the rock and controlled rock formation in the structure and structure of the carbonate - Improve the degree of research on the structure of the survey area. Third, in the area of ​​Tongling, with the lithology of the lithology, stratigraphy and lithology construction of the three elements as the manganese ore exploration theory guidance, the Ma Si mining area to complete the main physical workload drilling 2000 meters, trough 3500 cubic meters, access to manganese oxide ore body 5 , Manganese carbonate layer 4, the initial estimate of manganese carbonate ore 11.1 million tons, up to medium-sized. Manganese ore exploration was a major breakthrough. The results show that the source of manganese material may be mainly composed of hydrothermal and improve the origin of manganese ore. The results show that the source of manganese material is mainly composed of hydrothermal sediment, and the source of trenches and basins is relatively closed. understanding. Five is the basic identification of the Upper Carboniferous Tai Po Formation (rock) spatial distribution and mineral content, is expected to submit dolomite exploration base 2. The results show that there are 11 geochemical data of Au, Cu, Pb, Zn, Ag, Sn, Mo, Mn, As, Sb and P, and the comprehensive anomaly is 32, Ore 2, tin-lead multi-metal 1.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

US sets preliminary subsidy rates on aluminum foil from China

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

The US Commerce Department Tuesday set preliminary subsidy rates on imports of aluminum foil from China. China, for its part, has urged US authorities to abide by World Trade Organization (WTO) rules in its investigation of aluminum imports.

The Commerce Department said in a statement that it had set preliminary subsidy rates ranging from 16.56 percent to 80.97 percent for Chinese exporters and producers of aluminum foil.

Punitive duties would be imposed after both the Commerce Department and the US International Trade Commission (USITC) make affirmative final rulings. The Commerce Department is scheduled to make its final determination around Oct 23, unless the statutory deadline is extended.

The department launched anti-dumping and anti-subsidy investigations into imports of aluminum foil from China in March, in response to a request from the US Aluminum Association Trade Enforcement Working Group.

The Chinese Ministry of Commerce has urged the US authorities to enact decisions of the WTO and appellate bodies and give Chinese exporters fair counter-argument rights.

Improper trade remedy measures will hurt the interests of Chinese aluminum foil exporters and dent the competitiveness of US downstream sectors, affecting employment and consumer interests and leading to a lose-lose situation, the Chinese Ministry of Commerce 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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Sino-Russian gas trade set for boom time

Source: www.chinamining.org     Citation: Global Times         Date: Aug.7, 2017

Construction of joint venture Amur processing plant kicks off

Experts told the Global Times Friday that with China`s plan to increase usage of natural gas as well as Russia`s geographical advantages, the two countries` natural gas trade will continue to boom in the coming years.

The Amur natural gas processing plant project, a joint venture of the Hubei-based China Gezhouba Group Corporation and the Russian gas industrial giant Gazprom, started construction on Thursday.

Located in Amurskaya Oblast of Russia and about 200 kilometers from the Heihe River in Northeast China`s Heilongjiang Province, the plant is the source of the east line of the China-Russia Natural Gas Pipeline, according to a statement posted on the official website of China Gezhouba Group Corporation.

Once completed, the plant will have a natural gas processing capacity of 42 billion cubic meters and annual helium production capacity of 6 million cubic meters, which will make it the largest natural gas processing plant in Russia and one of the largest in the world, the statement said.

China and Russia have been beefing up efforts to increase the natural gas trade with natural gas supply agreements and infrastructure construction.

An agreement was signed in 2014 by Gazprom and the China National Petroleum Corporation (CNPC) that 38 billion cubic meters of gas would be shipped to China through the east line every year for a 30-year period starting from 2018. Total investment in the east line, which is still under construction, amounts to some $400 billion.

The two countries have also talked about building a west line of the China-Russia Natural Gas Pipeline, though the process is not as smooth as the east line, according to domestic media reports.

If the two lines are both completed as planned, Russia will become the biggest natural gas exporter for China, Lin Boqiang, dean of the China Institute for Studies in Energy Policy at Xiamen University, told the Global Times Friday.

According to Lin, the growing cooperation results from the fact that China`s demands for natural gas are increasing, but the country`s resources are running low.

The Chinese government has set a goal that consumption of natural gas should account for up to 10 percent of entire energy consumption by the end of 2020. "This means that natural gas supply should increase by at least 15 percent year-on-year in the next few years," Lin said.

According to Lin, the fact that Russia borders China is also an advantage for the two countries` gas cooperation.

"At least trade wouldn`t be affected by political relations between Russia and other countries," he said.

Apart from natural gas, the two countries have also built two oil pipelines under the China-Russia crude oil pipeline project.

"This is a golden era for the two countries` energy cooperation, as China is thirsty for overseas energy, while Russia is anxious to sell its resources in exchange for money to boost its sluggish economy," he said.

But he noted that China should work to enter the upstream sections of Russia`s energy industry, such as building joint ventures with Russian companies to dig for natural gas or oil, though obstacles might remain as Russia is quite protective about its energy resources.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Thinking on the Clean and Efficient Development of Coal and Electricity Industry

Recently, the National Development and Reform Commission, the National Energy Board issued the "energy production and consumption of the revolutionary strategy (2016 ~ 2030)", from the centralized use of coal to promote the clean use of coal to promote green production in three areas of the clean and efficient production and utilization of coal industry The For the coal industry, to promote the use of coal clean and become the current and future period of the most important objectives and tasks. Coal and electricity industry to promote the use of coal clean is mainly reflected in the continuous improvement of coal efficiency, reduce coal consumption, and comprehensively promote world-class level of energy efficiency standards; to speed up the existing coal-fired unit upgrade, Technology, the construction of efficient, ultra-low emission coal power units to promote the realization of coal-fired power plant emissions of major pollutants to achieve the level of gas power plant emissions, the establishment of the world`s cleanest coal and electricity system. As we all know, coal is a high-carbon energy, but also China`s basic and pillar of energy, is still occupied more than 60% of China`s energy, coal-based energy structure in the longer period is difficult to change. According to statistics, coal-fired power plant coal consumption accounts for about half of the total coal consumption, the future will be higher. China`s CO2, SO2, NOx and soot emissions rank first in the world, with 50%, 38%, 43% and 17% of the total emissions from coal-fired power plants. Therefore, if the coal combustion process is not efficient purification of dust, will inevitably lead to air pollution. For coal-fired power plants, the author believes that to improve the boiler and power plant power generation efficiency is necessary to reduce the power plant power consumption. The main measures and technical path in this regard are as follows.

(1) the use of supercritical and ultra-supercritical coal-fired units. General coal-fired power generation efficiency of about 40%, 42% of supercritical units, ultra-supercritical units up to 45% to 50%, the global supercritical and above the unit has more than 600 Taiwan, China has more than 150 Taiwan. For example, Huaneng Group in Jiangxi completed and put into operation China`s first ultra-supercritical secondary reheat power plant; Huadian Group has the world`s first million-kilowatt ultra-supercritical air-cooled unit Ningxia Lingwu Power Generation Co., Ltd., Huadian Jurong power plant built 2 × 100 million kilowatts ultra-supercritical coal-fired units, is the highest level of domestic single-class, the best efficiency of the generating units; Datang Group`s Tuoketuo power plant five projects 2 domestic 660,000 kilowatts ultra-supercritical units all put into operation , Became the world`s largest thermal power plant in power; Guodian Beilun power plant three expansion project second million kilowatts ultra-supercritical units have been officially put into commercial operation.

(2) The combined cycle power plant (CCPP), which is an integrated gasification gas turbine, can achieve 58% to 60% power generation efficiency and even more than 60% of some large units. Because the gas turbine for the continuous work of rotation, you can use the relatively low calorific value of fuel gas, at the same time, also has open, fast shutdown, running load adjustment range, speed and other characteristics, improve power generation efficiency, but also well meet the gas dynamic Balance the need to reduce the dispersion. In the case of a combined cycle power plant with two gas turbines installed, assuming an annual operating time of 4000 hours, the annual generating capacity of the M701F5 unit will increase by 360 million degrees compared to the M701F4 unit. The unit heat loss is reduced by about 180 kJ / kWh The emission of nitrogen oxides is reduced by about 3%, the annual generating capacity of the M701J unit will increase by 1.36 billion degrees, the unit heat consumption will be reduced by about 240 kJ / kWh, and the nitrogen oxides per kilowatt will be reduced by about 4% Which will bring the user a very substantial economic benefits. Düsseldorf, Germany Lausward combined heat and power plant, selected Siemens SGT5-8000H heavy engine as the "engine", its up to 61.5% of the net power generation efficiency, 603.8 MW of power installed capacity and 300 MW of heating Are the world`s most power plants at the same level.

(3) vigorously develop coal co-generation technology. Coal in the gasification and purification can be used to produce electricity, oil, ammonia and other chemical products, can increase 10% to 20% of coal utilization. Recently, after 20 years of scientific and technological research, Xi`an Jiaotong University, National Key Laboratory of multiphase power engineering "coal supercritical water gasification hydrogen power generation polygeneration technology" to 150 million yuan to complete the transformation of scientific and technological achievements, formally towards industrialization The Compared with the traditional coal-fired power generation and coal gasification hydrogen production technology, the new technology of power generation and hydrogen production efficiency has improved significantly, after a large increase in investment and operating costs are significantly reduced, innovative technology to lead the industry to change, The fire burning coal "era.

(4) to promote the implementation and application of carbon capture and storage (CCS) technology. CCS refers to a large power plant, steel plants, chemical plants and other emissions of CO or CO2 capture and separation, with various methods sealed in the depths of the ground to avoid its emissions into the atmosphere of a technology. It is understood that China has carbon capture and storage (CCS) technology as a cutting-edge technology included in the national long-term scientific and technological development plan. At present, part of the demonstration project of carbon dioxide capture, use and storage capacity has reached the scale of millions of tons. Specific to the coal industry, coal-fired power plant emissions of flue gas contains a lot of greenhouse gas CO2, each burning with 1 kg of coal will discharge 2.66 kg CO2. At present, China`s CCS capture and utilization technology has been in the coal-fired power plant boiler trial, made a lot of achievements and progress. For example, a variety of physical absorption and chemical absorption methods have been developed in CO2 capture technology. In addition, it has also developed a membrane separation method and an oxygen-enriched combustion method which facilitates the separation of CO2 from flue gas, but there is still a need to increase the capture rate. In March this year, China`s extension of the oil field carbon capture and storage integration project has started construction, which is Asia`s first commercial carbon capture and storage projects. The project will begin operation in 2018, each year from the National Coal Center in Shaanxi Province, a coal gas plant to capture 410,000 tons of carbon.

(5) to strengthen the coal front-end management. In contrast to the back-end treatment of coal, the washing at the forefront of the coal can initially solve the problem of fuel cleaning, and the low cost of front-end treatment can significantly reduce the load of back-end pollutant emissions, such as a significant reduction in sulfur Points, ash. The cost of coal preparation desulfurization is 8 to 10 times lower than that of the back-end flue gas desulfurization. It is an important role in the energy saving and emission reduction of coal-fired power plant boilers through coal cleaning and cleaning. According to statistics, each washed 100 million tons of coal can be 13 million tons of ash, sulfur 35 million tons, reducing CO2 emissions of 490,000 tons, excluding coal gangue more than 1800 million tons, can improve the boiler coal efficiency of 10% to 15%.

(6) efforts to prevent the collapse of coal and electricity overcapacity risk. By the implementation of the "small mark on the small" mandatory exit mechanism, China since the implementation of shutting down 100,000 kW inefficient small and medium-sized units, the development of supercritical pressure efficient large units, the national average coal consumption from 2005 370 g (/ KW · h) to 310 g (/ kW · h) in 2017, lower than the current international advanced coal consumption. Recently, the National Energy Board issued the "2020 coal mine planning and construction of early warning notice" that the national 32 provincial power grid area (including Mengdong, Mengxi), there are 25 regional warning status for the most serious warning Red, the risk of early warning results for the red and orange provinces, to suspend approval, to suspend the new construction of self-use coal projects, and under the guidance of the state, a reasonable arrangement in the construction of coal projects put into production timing. In view of the problem of overcapacity, the coal control project group of North China Electric Power University has carried on the research for many years. May 18, 2017, the research group released the latest research report "" thirteen "power industry coal control policy research" that the coal industry 2016-2030 development space peak is about 860 million to 960 million kilowatts. Specifically, the low-speed development scenarios, China`s coal development space is expected to peak in 2016, the peak is about 860 million kilowatts, to maintain 4 to 5 years after the gradual decline in the platform period. High-speed development scenarios, China`s coal development space is expected to peak in 2020, the peak is about 960 million kilowatts, followed by 10 years into the platform period.

In summary, the author believes that the country will clean and efficient coal development and utilization as a foothold and the primary task of energy transformation for China`s coal-fired power plant to change the mode of development, to achieve clean and efficient development provides a rare opportunity, but also the trend, to. At present, the coal industry to promote clean and efficient development of the technical path and approach measures have become more mature, can not seize the opportunity, homeopathy and difficulties, the test of business leaders wisdom and courage. I believe the coal industry will be able to firmly grasp and make good use of this strategic opportunity period, according to local conditions to choose a reliable path and approach to achieve the coal industry green science, clean and efficient development.

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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

SOE merger process expected to accelerate in coal, power

Source: www.chinamining.org     Citation: Global Times       Date: Aug.3, 2017

China`s centrally administered State-owned enterprises (SOEs) are steadily promoting the merger process this year as required by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), with a new merged company about to be born in the coal and power sector.

The merger plan for China Guodian Corp, one of China`s biggest coal-fired power generators and Shenhua Group, the country`s largest coal miner, has been reported to the State Council, China`s cabinet, and the new consortium was temporarily named National Energy Investment Group, Guan Weizhu, director of safety production department at Guodian Corp said Wednesday.

The planned merger will bring total assets worth more than 1.8 trillion yuan ($267.7 billion) to the new enterprise with a liability ratio of more than 60 percent, becoming the largest power generator in China, according to Guan.

"Combining the two enterprises is really a smart move because they occupy different positions on the industrial chain, having an upstream and downstream relationship," Feng Liguo, an expert at the Beijing-based China Enterprises Confederation, told the Global Times on Wednesday.

"The vertical merger between Guodian and Shenhua, which is bound to release more market economic value, is aimed at realizing the integration of coal and power by tapping into their respective resource advantages," Feng said.

On the same day, personnel changes in other companies triggered speculation of a possible merger of domestic automakers.

The heads of China FAW Group Corp, an automaker, and China South Industries Group Corp (CSGC), one of China`s largest military defense companies, will exchange their positions, China FAW Group announced on its website on Wednesday.

Xu Liuping was removed from his roles as director, general manager and deputy secretary of the Party committee at CSGC, as well as head of Changan Automobile Group, a subsidiary of CSGC, and appointed as the chairman and secretary of the Party committee of China FAW Group instead.

Xu Ping, the former chairman and secretary of the Party committee at China FAW Group, was appointed as chairman and secretary of the Party committee at CSGC. But no personnel change information was mentioned in the announcement in terms of Changan Automobile Group.

Auto industry insiders said the reversal of roles signals a merger. SASAC is likely to bring about a revolution in China`s auto industry by merging China FAW Group, Dongfeng Motor Group and Changan Automobile Group.

However, some experts are not very optimistic about the merger outlook for the vehicle sector due to the lack of core competitiveness for auto SOEs and their reliance on the joint venture policy. "The difficulty lies in the change of enterprise strategy in the market with customers being the center," Feng noted.

For example, if the merger plan affects China FAW Group, which has been embedded in the system and the Northeastern industrial culture for a long time, it will not only encounter changes in terms of the market and economy, but also changes in policy and politics, Feng 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 in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

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