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China's steel industry shines again on capacity cuts in 2017 and better quality

China's steel industry notched up a creditable achievement last year.

A Chinese nuclear power operator signed an agreement Tuesday with a French energy organization to deepen cooperation on nuclear power technology.

China's first steel fund to be jointly launched by private and State-owned enterprises was set up in North China's Shanxi Province on Tuesday, domestic news site chinanews.com reported.

The government has released new policy to ensure zero growth of production capacity in steel, cement and plate glass industries and to continue capacity replacement measures this year, Economic Information Daily reports, citing the announcement of the Ministry of Industry and Information Technology (MIIT) on Monday.

China is planning several major coal-group mergers and acquisitions (M&As) by 2020, the country's top economic planner said Friday.

China has approved listing natural gas hydrate, or combustible ice, as the country's 173rd mineral variety, a move that will speed up the exploitation of the clean energy source, an official said Thursday.

"China has succeeded in mineral prospecting and trial mining, both underwater and in the ground," Ju Jianhua, head of the mineral reserves department of the Ministry of Land and Resources (MLR), said Thursday at a press conference.

China's first shale gas well: the Wei 201 (2009).

The Changning-Weiyuan national shale gas demonstration zone developed by PetroChina Southwest Oil & Gas Field Company generated more than 2.4 billion cubic meters of shale gas in 2017, the company said Wednesday.

By 2017, the state-level demonstration zone had 163 shale gas wells in production, generating 8 million cubic meters of shale gas each day. Its output accounted for 98.9 percent of the company's total production of 3 billion cubic meters in Sichuan in 2017.

The shale gas-rich Sichuan Basin in southwest China produced about one-third of the country's total shale gas in 2017. The new industry also helped the region to improve its energy structure and shift away from traditional energy sources such as coal.

It is estimated that 3 billion cubic meters of shale gas is equivalent to burning 6 million tonnes of coal, reducing carbon dioxide emissions by 4.2 million tonnes.

China has made breakthroughs in shale gas exploration both in capacity and drilling techniques, making it one of the top shale gas suppliers in the world.

Source: www.chinamining.org        Citation: Xinhua

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.

A technician adjusts a valve on a China-Russia oil pipeline in Daqing, Heilongjiang Province.

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China's energy supply and ensuring its energy security, according to China National Petroleum Corp, the country's biggest oil producer.