News

China to be the third country to achieve the industrialization of shale gas

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: October 23, 2015

"China has become the third country to achieve the industrialization of shale gas following the United States and Canada. The first half of this year witnessed the production of 18 cubic meters in shale gas."Reporter recently learned from the Innovation on Geological Science and Technology of the 2015 CHINA MINING Congress and Expo.

Mr. Zhai Gangyi, a PhD in Research Center of Oil and Gas Survey in China Geological Survey, made a report entitled "New Progress on Exploration and Development of China Shale Gas". He stated that all together 54 mining rights was granted in China for shale gas exploration with the exploration area reached 0.17 million square kilometers, mainly in Sichuan Basin and its surrounding where the total investment were more than 250 billion yuan. A total of 840 wells had been drilled by May this year; and shale gas of capable yielding 4.5 billion cubic meters/year had been built by July this year.

According to Zhai Gangyi, China was in a phrase of rapid growth in shale gas production since the first production of 25 million cubic meters in 2012. The production soared to 200 million cubic meters in 2013; while in 2014, the production reached a height of 1300 million cubic meters; it rocketed to 1800 million cubic meters in the first half of this year alone.

Zhai Gangyi believed that shale gas development in China still faced thrilling challenges: Firstly, though China`s shale gas resources were of great potential, enrichment law was not distinguished clear, especially when inadequate understanding on accumulation mechanism and enrichment law of different types would certainly jeopardize the further exploitation of the recoverable resources. Secondly, existing exploration was limited to some areas and several layers, hence major breakthrough should be made in the future. Thirdly, the percentage of homemade equipment and core technology should be further improved. The Fourth was the challenges result from sustained high drilling cost. (Yu Defu)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

A zero breakthrough in middle & large scale online service by CGS

Source: www.mlr.gov.cn   Citation:www.gtzyb.com   Date: October 23, 2015

On October 22nd, China Geological Survey issued a series of latest geological survey results and service information of geological material on CHINA MINING 2015. This demonstrated that China Geological Survey had made breakthrough in middle & large scale online service implementing the idea of "Internet +".

Numerous geological materiel was issued which included more than 1000 pieces of 1: 50000 regional geological map, nearly 11 million pieces of provincial Geological Data Service Directory on Potential Evaluation of National Mineral Resources, 93 latest pieces of basic geological maps on marine geological survey together withrelated data and a series of of important geological drilling data.

Compared with the past, this publication was a fully reflection of the great efforts on part of the China Geological Survey to promote the share with and efficient usage of geological information and improve the public service ability as well as the level of geological investigation results. Of all the material issued, it was the first time for the Geological Data Service Directory on Potential Evaluation of National Mineral Resources and the marine geological information to be published so as to benefit the society. Key service information on geological drilling soared to400thousand from 50 thousand last year; all of them offered online services and which was a great breakthrough in middle-large scale online service with the service mode of implementing the idea of "Internet +". During the conference, participants were allowed to obtain the Geological Data Service Directory on Potential Evaluation of National Mineral Resources provincially, and the latest basic map data on marine geological survey by a CD or a USB. (Yu Defu)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

Geological survey directors forum held for the first time

Source: www.mlr.gov.cn    Citation www.gtzyb.com   Date: October 23, 2015

On October 22, CHINA MINING 2015 held “Geological Survey Directors Forum” for the first time at Tianjin Meijiang Convention and Exhibition Center after 17 sessions. .

On the forum, Madam Susana Gladis Vilca Achata, the President of Institute of Geology and Mineral Metallurgical (INGEMMET) of Peru, Mr. Yousif Elsamani, Director of Sudan Geological Survey of Sudan, Mr. Kyaw Din, Deputy Director of Geological Survey and Mineral Exploration Bureau of Myanmar, Mr. Tawsaporn Nuchanong, Deputy Director of Mineral Resources Bureau of Thailand, Mr. Hezareh Mjhammadreza Aliakbar, Deputy Director of Geological Survey Bureau of Iran, Mr. Yusuf Ziya Cosar, Director of Administration of Mineral Survey and Exploration of Turkey, Mr. Kevin Faure, Director of Geological Resources Division, GNS Science, New Zealand, Mr. J.A.DUODU, Director of Geological Survey the Bureau of Ghana, Mr. RASOLOMANANA EddyH, Chief Engineer of Department of Mineral and Petroleum, Madagascar, made speeches about the mineral resources policies and regulations of the their own countries, and also respectively, public service institutions position in their countries, responsibilities, tasks, and geological survey of the results achieved, as well as superior mineral resources in their respective countries, were introduced and recommended.

Directors of Geological Survey Bureaus around the world expressed their strong desires to strengthen exchanges and cooperation in the field of geoscience. They said promoting the development and prosperity of international geological business, the need to strengthen mutual communication and cooperation of national geological work. they were willing to establish and use of bilateral and multilateral cooperation networks and platforms and carry out the earth sciences, geological survey research cooperation, geo-information sharing for national mining cooperation, to reduce investment risk and achieve mutual benefit and win-win development.

After the end of the forum, Director of international geological investigations, China Geological Survey Bureau and Turkey Mineral Survey and Exploration Directorate signed a bilateral geological cooperation memorandum of understanding, with Iran Geological Survey Geochemical Mapping Project of the two countries sign the agreement. Nine Secretary of State Geological Survey participating in the Forum and audience witnessed the international cooperation in this field.

Geological Survey Directors Forum joined the event, it meant that this forum together with Mining Ministers Forum and Mining Development Summit Forum, constituted a high-level complete system of CHINA MINING’s summit conferences covering the three series including governments, public service agencies, mining companies. (Yu Defu)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

Deputy Minister of Energy and Mines of Peru: The sixth time
participation, each with surprises

Source: www.022net.com  Citation: www.jinwanbao.cn  Date: October 23, 2015

Peruvian Embassy was especially added as a new international supporter this year after six years being participated in the CHINA MINING Congress and Expo (CHINA MINING for short) of the Peruvian delegation. " It is an effective congress. Since every year we can get investment together with surprises each time." The Hon. Mr. Gullermo Shinno Huamani, Vice Minister of Energy and Mines of Peru said in an interview.

As Gullermo stated, enterprises attending CHINA MINING from Peru increased year by year, about 30 to 40 up to now, to participate in the CHINA MINING. He was looking forward with great interest to have in-depth understanding on related information of China (Tianjin) Pilot Free Trade Zone. Peru was constantly seeking opportunities for economic development through reform, so the infrastructure construction in some areas could obtain feasible experience from Tianjin. "I have come to Tianjin twice and shocked by the development in China and Tianjin since a decade ago. We are welcoming more Chinese enterprises to invest in Peru." Gullermo added. (Reporter Lei Fengyu, Intern reporter Wang Wei)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

State Minister of Mines of Ethiopia: CHINA MINING held in Tianjin
meets the popular expectations

"Tianjin, as one of the innovation-oriented city in China, meets the popular expectations to hold CHINA MINING Congress and Expo’’. The Hon. Mr. AtoTolesa Shagi Moty, State Minister for Mines of Ethiopia, said at the CHINA MINING 2015 in an interview.

Tolesa Shagi believed that CHINA MINING was the best platform for demonstrating numerous innovative achievements in mining. Ethiopia could study the latest mining and exploration methods from leading mineral company during the Congress which would contribute to improve the mining productivity of the country. "The innovative technologies shown in the CHINA MINING had left deep impression. In particular, we learned a lot from the predication for the trend of the mining industry presented by so many economists from China as well as other countries, which might be of great value to the mining development of Ethiopia." He added. (Reporter Lei Fengyu, Intern Reporter Wang Wei)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

Geological parks and geological tourism development seminar held successfully

Source: http://www.cgs.gov.cn  Citation: http://www.drc.cgs.gov.cn   Date: October 23, 2015

 On the morning of October 23, 2015, the “Geological Parks and Geological Tourism Development” Seminar hosted by Geological Environment Department of the Ministry of Land and Resources and China Geological Survey, and sponsored by Chinese Academy of Geological Sciences, National Geological Park Network Center, Tianjin Municipal Land Resources and Housing Authority and China Geological Survey Tianjin Geological Survey Center on CHINA MINING Congress and Expo 2015 at Tianjin Meijiang Convention and Exhibition Center. Mr. Wu Zhenhan, Director of Scientific & Foreign Affairs Department under China Geological Survey and Vice-president of Chinese Academy of Geological Science, presided over the lecture.

Madam Chen Xiaoning, Deputy Director of Geological Environment Department of the Ministry of Land and Resources, gave a opening report entitled “Chinese Geological Park Construction and UNESCO Geological Park”, and Professor Mr. Tian Mingzhong from China University of Geosciences (Beijing), Mr. Ling Wenfeng, Head of Raoping County Government of Chaozhou, Guangdong Province, Madam Naran Tuya, Director of Alax Desert World Geological Park Authority, Mr. Long Baojun, Director of Yanqing World Geological Park Administration Office, Madam Zhang Rong, Deputy Director General of Sichuan Guangwushan-Nuoshui River National Geological Park Management Department, Madam Huang Wen, Member of Tian Zhushan World Geological Park Management Committee and Madam Shang Zhiwen, Senior Engineer of Tianjin Geological Survey Center, totally seven experts delivered wonderful reports successively around the themes of Geological Tourism’s Development and Promotion in Geological Parks, Development and Construction of Geological Parks, the Geological Parks Construction in Beijing and Facilitating the Construction of Geological Parks and Geological Scientific Researches, etc. The host of this seminar bears an important significance on further protection of geological heritages and the environment, promoting the construction of geological parks and geological scientific researches, as well as serving the local social and economic construction and sustainable development.

The “Geological Parks and Geological Tourism Development” Seminar was held the first time at this CHINA MING Congress and Expo, more than 150 experts and students from various exploration units, geological and mining universities and colleges and geological park management agencies attended the lecture. （Yuan Chunhua)

(Yuan Chun Hua)

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 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

50 Chinese firms attend India-China meet to boost mining

Source: www.chinamining.org   Citation: PTI   Date: October 22, 2015

Nearly 50 Chinese companies attended a round table meet held by India in China`s northeastern port city of Tianjin to further boost cooperation between the two countries in the mining sector.

The meeting at the CHNA MINING Congress & Expo 2015 was aimed at promoting inter-governmental cooperation, technical exchanges, investments and other collaborative projects between the two countries in the mining and resources sector, an Indian Embassy press release here said today.

Jiang Daming, Minister of Land and Resources of China opened the Indian National Pavilion at the Exhibition.

The participating companies discussed further opening of cooperation both in India and China including in geo-chemical mapping and aero-geo survey, and commercial cooperation in the coal sector, underground coal mining, mining and related equipment, and environmental protection technologies, it said.

The Mining Roundtable drew participation from nearly 50 Chinese companies and other relevant organizations.

An Indian government-cum-business delegation led by Niranjan Kumar Singh, Joint Secretary, Ministry of Mines, is participating in the ongoing China Mining Exhibition being held in Tianjin from October 21-23.

The Indian delegation included officials from National Aluminum Company Ltd. (NALCO), Hindustan Copper Limited (HCL), Mineral Exploration Corporation Limited (MECL) and NMDC Limited, it said.

State-level representatives from Andhra Pradesh and Telangana are also participating in the Exhibition.

Separately, the Indian participants also held discussions with a delegation from Guizhou Province comprising of leading resource and mining companies, the press release said.

The delegation will have official discussions in Beijing tomorrow to discuss progress in implementation of these Understanding, it said.

Bilateral Inter-Governmental MoUs on Mining Cooperation and on Cooperation between the Geological Survey of India and China were signed in May, 2015.

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 2015 is held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.

Gloomy mood in iron ore not lifting anytime soon

Source: www.chinamining.org   Citation: www.scmp.com   Date: October 22, 2015

Iron ore prices which have been battered by rising low-cost supplies from Australia will likely see more pressure next year given stagnant demand and additions to an already bloated supply, analysts say.   

"Iron prices are likely to fall further since the supply surplus is set to worsen more while demand has been falling," Li Xinchuang, president of China Metallurgical Industry Planning and Research Institute told the annual CHINA MINING Congress and Expo in Tianjin.

Lily Shao Yuhan, the iron ore consultant of energy and resource industries consultancy Wood Mackenzie projected prices to bottom out around 2017 before recovering to levels similar to current prices by 2020.

Paul Butterworth, the research manager of steel and raw materials in commodities consultancy CRU, is a bit more optimistic.

"Prices will likely rise from 2017 onwards, as displacement [of high-cost supply] requirements diminish, [production] costs rise again amid recovering oil prices, and the market slowly moves back towards a balance," he said.

 Average iron ore prices at mainland ports fell 43 per cent year-on-year in the year`s first eight months to US$63 a tonne, and hit a trough of US$45 a tonne early July, according to China Iron and Steel Association (CISA) data. Iron ore is the key ingredient in making steel products.

The price drop has been blamed on rapid output expansion by the world`s big four miners - Australia`s Rio Tinto, BHP Billiton and FMG, and Brazil`s Vale.

Wang Yingsheng, CISA`s deputy secretary general, said last year the big four raised output by 120 million tonnes, forcing smaller players and higher-cost producers - including many on the mainland - to cut theirs by 100 million tonnes.

This year, the big four have added 100 million tonnes, while others have cut by 80 million tonnes.

The figures suggested a worsening glut in the 2.5 billion tonne-a-year market, of which around half is seaborne supply, mostly to the mainland.

Australia and Brazil`s share of mainland China`s iron ore import market have risen to 83 per cent in this year`s first-half from 65 per cent in 2010, according to CISA.

Shao forecast their share to reach 94 per cent by 2020, as they displace more mainland high-cost output.

Global iron ore production cost has fallen 25 per cent since 2013 thanks to currency depreciation, cost reductions and closure of high-cost mines, she added.

Mainland iron ore output dropped 9.6 per cent year-on-year in the year`s first eight months to 885 million tonnes. Low iron content, around half that of Australian ore, is the main reason for mainland ore`s high production cost.

On the demand side, the mainland, which consumes and produces around half the world`s steel, has seen consumption decline since July last year.

It dropped 5.5 per cent year-on-year in this year`s first eight months, after falling 3.2 per cent last year, amid the nation`s switch in focus from fixed asset investment-led to consumption-led economic growth.

In a report, ANZ`s analysts cited steel producers they visited as saying that Chinese steel demand has likely peaked, and that the real estate market - a key consumer - is unlikely to improve due to oversupply, while infrastructure spending has been slower than pledged.

"Steel exports will likely remain high until anti-dumping duties bite over the next six to 12 months, keeping iron ore and steel prices depressed," ANZ said. "Mounting steel mill losses are expected to trigger material capacity closures, which would signal the floor in steel and iron ore prices sometime mid-next year."

Mainland steel mills collectively recorded a net loss of 18 billion yuan in the year`s first eight months, of which 12 billion yuan was booked in August alone, CISA`s Wang said

Mainland steel export jumped 26.5 per cent year-on-year to 71.9 million tonnes in this year`s first eight months amid falling domestic demand, triggering trade friction with rival producing nations that have seen job losses and plant closures.

China contributed 82.9 per cent of the world`s iron ore demand growth between 2000 and 2013, according to Li.

Shao said "there is no next China" since while India has good potential to be a large customer with annual net import potentially reaching some 150 million tonnes due to rising real estate and infrastructure demand, it far trails China`s demand for imported ore that amounted to 526 million tonnes in the year`s first eight months.

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 2015 is held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.