Fri Feb 10, 2012
ULAN BATOR Feb 10 (Reuters) - Mongolia's ambitious plan to build a railway network capable of delivering its surging coal output to foreign markets is likely to be delayed as a result of financing difficulties and bureaucratic deadlocks, government officials said on Friday. Purevbaatar Luvsandavag, vice-chairman of the Mongolia Railway Authority, told Reuters on the sidelines of the Coal Mongolia conference in Ulan Bator that the government had not even raised the $50 million required to fund a series of feasibility studies and project designs drawn up last year.
"We still don't have permission from the government to announce an open tender to build the railways, and in general there is still a deadlock when it comes to funding and building infrastructure," he said.
He said the government had sought funding for the projects through overseas equity markets, instead of the railway authority's preferred option involving public-private partnerships with investors from Japan and South Korea.
J. Bat-Erdene, state secretary at Mongolia's transportation ministry told the conference on Thursday that the government was planning to list 49 percent of state-owned Mongolian Railway Corp on the domestic stock exchange to raise funds for construction. Mongolia is experiencing a mining boom that is expected to transform its tiny economy in the coming decade, but it has so far struggled to monetise its copious mineral reserves and needs to spend billions of dollars on developing a transportation network capable of reaching consumers.
The government is also wary of the geopolitical and economic risks of being overly dependent on its giant southern neighbour, China, even though it has a guaranteed market for copper and coking coal. Mongolia exported 22 million tonnes of coal in 2011, with virtually all of it delivered south to China at more than $25 per tonne lower than the international average.
It plans to build an extensive cross-country railway that would eventually connect its huge Tavan Tolgoi coal project in the south Gobi desert to the rail networks of Russia, giving it access to markets in Japan and South Korea, but critics have said the route is not economically feasible.
The government remains reluctant to give permission for Mongolian Mining Corp (MMC) to construct its own 267-km private railway into China, saying a pre-existing route into China would make it more difficult to attract financing for the route east into Russia. An MMC official told Reuters the company was "still waiting" for the project to be approved.
Construction on the two routes -- east into Russia and south into China -- is expected to begin at the same time, but Baasanjav Enkhbaatar of the World Bank's mining infrastructure investment support project told the conference that neither project was likely to begin before 2017.
Showing posts with label Inner Mongolia. Show all posts
Showing posts with label Inner Mongolia. Show all posts
Friday, February 10, 2012
Monday, January 30, 2012
Review on Inner Mongolia raw coal output in 2011
Monday, 30 Jan 2012
Inner Mongolia Autonomous Region, as the country’s largest coal producer, produced 979 million tonnes of raw coal in the whole of 2011, 25.1% more than that in 2010.
Shanxi province came in second, with 870 million tonnes of coal produced, up 17.7% from a year ago.
In December alone, raw coal output in Inner Mongolia stood at 76 million tonnes, increasing 17% compared with the same month of last year.
(source Steelhome.cn/en)
Inner Mongolia Autonomous Region, as the country’s largest coal producer, produced 979 million tonnes of raw coal in the whole of 2011, 25.1% more than that in 2010.
Shanxi province came in second, with 870 million tonnes of coal produced, up 17.7% from a year ago.
In December alone, raw coal output in Inner Mongolia stood at 76 million tonnes, increasing 17% compared with the same month of last year.
(source Steelhome.cn/en)
Sunday, December 18, 2011
China Shenhua to make alumina from coal ash-Xinhua
Sun Dec 18, 2011
BEIJING Dec 18 (Reuters) - China Shenhua Group, the country's largest coal producer, has started building a $21.4 billion facility to produce alumina from coal ash, the state Xinhua news agency said on Sunday, citing a senior company executive.
The company plans to invest 135.8 billion yuan ($21.4 billion) in the project, near Jungar coal mine in Ordos city in northern China's Inner Mongolia, Xinhua quoted Ling Wen, deputy manager of Shenhua Group, as saying.
No details were given about how the company would turn coal ash, a waste byproduct of thermal power generation, into alumina.
The project included a 6,600-megawatt power plant, an alumina plant and a gallium plant, all of which will use materials recycled from coal burning, Xinhua said.
Ordos, which is home to one-sixth of the country's coal reserves, will be able to produce 3 billion tonnes of alumina, which is used to make aluminum, according to Xinhua.
Shenhua Group is parent of China Shenhua Energy Co Ltd . ($1=6.3484 yuan)
(sourced Reuters)
BEIJING Dec 18 (Reuters) - China Shenhua Group, the country's largest coal producer, has started building a $21.4 billion facility to produce alumina from coal ash, the state Xinhua news agency said on Sunday, citing a senior company executive.
The company plans to invest 135.8 billion yuan ($21.4 billion) in the project, near Jungar coal mine in Ordos city in northern China's Inner Mongolia, Xinhua quoted Ling Wen, deputy manager of Shenhua Group, as saying.
No details were given about how the company would turn coal ash, a waste byproduct of thermal power generation, into alumina.
The project included a 6,600-megawatt power plant, an alumina plant and a gallium plant, all of which will use materials recycled from coal burning, Xinhua said.
Ordos, which is home to one-sixth of the country's coal reserves, will be able to produce 3 billion tonnes of alumina, which is used to make aluminum, according to Xinhua.
Shenhua Group is parent of China Shenhua Energy Co Ltd . ($1=6.3484 yuan)
(sourced Reuters)
Friday, November 4, 2011
China Bohai Thermal coal prices hit all time high
Friday, 04 Nov 2011
It is reported that the latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
It is reported that the latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
Friday, October 21, 2011
Coal output in Inner Mongolia hits 720 million mt in Jan-Sept
Fri, 21 October 2011
In the first three quarters of the current year, China's Inner Mongolia region produced 719.55 million mt of raw coal, increasing by 31.98 percent or 174.37 million mt as compared to the same period last year, according to the region's coal industry bureau. In September alone, Inner Mongolia's raw coal output totaled 94.98 million mt, up 34.8 percent or 24.52 million mt year on year.
Breaking down the figure for raw coal output in the January-September period, the western part of Inner Mongolia produced 503.11 million mt of raw coal in the period in question, increasing by 37.39 percent or 136.91 million mt year on year, while the eastern part produced 216.44 million mt, rising by 20.92 percent or 37.45 million mt year on year.
Tags: coking coal , raw mat , China , Far East , Southeast Asia , production , East Asia and Pacific
In the first three quarters of the current year, China's Inner Mongolia region produced 719.55 million mt of raw coal, increasing by 31.98 percent or 174.37 million mt as compared to the same period last year, according to the region's coal industry bureau. In September alone, Inner Mongolia's raw coal output totaled 94.98 million mt, up 34.8 percent or 24.52 million mt year on year.
Breaking down the figure for raw coal output in the January-September period, the western part of Inner Mongolia produced 503.11 million mt of raw coal in the period in question, increasing by 37.39 percent or 136.91 million mt year on year, while the eastern part produced 216.44 million mt, rising by 20.92 percent or 37.45 million mt year on year.
Tags: coking coal , raw mat , China , Far East , Southeast Asia , production , East Asia and Pacific
Wednesday, August 24, 2011
China province wise crude iron ore output in Jan to Jul 2011
Wednesday, 24 Aug 2011
In million tonnes
(sourced MySteel)
It is reported that China province wise crude iron ore output during January to July 2011 total 691.92 million tonnes which Hebei topping the table.
| Province | Jul'11 | Jul'10 | Change | Jan-Jul'11 | Jan-Jul'10 | Change
|
| total | 116.96 | 96.10 | 21.7 | 691.92 | 567.82 | 21.9
|
| Hebei | 53.52 | 41.52 | 28.9 | 296.38 | 240.84 | 23.1
|
| Liaoning | 14.27 | 14.10 | 1.2 | 87.78 | 82.38 | 6.6
|
| Sichuan | 12.08 | 7.34 | 64.5 | 75.25 | 53.45 | 40.8
|
| Inner Mongolia | 8.61 | 7.55 | 14.1 | 52.04 | 43.77 | 18.9
|
| Shanxi | 3.54 | 5.73 | -38.3 | 32.88 | 28.15 | 16.8
|
| Anhui | 3.27 | 2.66 | 23.0 | 22.41 | 14.74 | 52.1
|
| Xinjiang | 3.78 | 3.23 | 17.3 | 15.47 | 9.46 | 63.5
|
| Fujian | 2.76 | 1.90 | 45.2 | 13.15 | 10.68 | 23.2
|
| Beijing | 1.73 | 1.74 | -0.6 | 11.39 | 12.27 | -7.2
|
| Shandong | 1.68 | 1.64 | 2.3 | 11.30 | 10.68 | 5.8
|
| Yunnan | 1.47 | 1.42 | 4.2 | 11.28 | 9.85 | 14.5
|
| Hubei | 1.57 | 0.89 | 76.6 | 10.00 | 6.47 | 54.4
|
| Guangdong | 1.71 | 1.32 | 29.7 | 9.67 | 8.38 | 15.3
|
| Jilin | 1.15 | 0.61 | 88.4 | 7.88 | 6.56 | 20.1
|
| Henan | 1.28 | 0.93 | 37.8 | 6.91 | 5.40 | 28.0
|
| Gansu | 0.88 | 0.89 | -0.9 | 5.50 | 5.18 | 6.1
|
| Sha'anxi | 0.77 | 0.54 | 42.4 | 5.49 | 4.55 | 20.6
|
| Jiangxi | 0.87 | 0.69 | 26.2 | 5.45 | 4.53 | 20.2
|
| Hainan | 0.52 | 0.23 | 128.2 | 3.39 | 2.85 | 19.1
|
| Hunan | 0.31 | 0.29 | 4.1 | 2.15 | 2.07 | 4.1
|
| Guangxi | 0.36 | 0.17 | 109.9 | 1.74 | 1.38 | 25.7
|
| Heilongjiang | 0.36 | 0.26 | 38.3 | 1.36 | 1.10 | 23.6
|
| Jiangsu | 0.21 | 0.19 | 9.0 | 1.36 | 1.31 | 3.4
|
| Zhejiang | 0.12 | 0.12 | -1.6 | 0.85 | 0.79 | 8.1
|
| Qinghai | 0.09 | 0.08 | 22.7 | 0.43 | 0.49 | -11.8
|
| Guizhou | 0.06 | 0.06 | -7.8 | 0.40 | 0.42 | -4.8
|
| Chongqing | 0.00 | 0.00 | -100.0 | 0.02 | 0.01 | 33.3 |
In million tonnes
(sourced MySteel)
Friday, August 19, 2011
Inner Mongolia mine mouth coal price in H1 up by 14pct YoY
Friday, 19 Aug 2011
According to the website of China Ministry of Commerce, the average mine-mouth coal price in Inner Mongolia has soared by 14% to CNY 296.72 per tonne in the first half of this year compared with a year earlier.
In the beginning two months, Inner Mongolian coal prices were slightly pushed up by winter heating demand. The average mine-mouth steam coal settlement price in its main producing areas rose 0.82% over early January to CNY 297.07 per tonne.
Since March, coal demand started to shrink and prices stepped down. The lowest point in H1 appeared in April at CNY 291.87 per tonne.
May mark the commencement of a vigorous upswing. By June, the average mine-mouth steam coal settlement price registered CNY 304.93 per tonne.
(sourced from MySteel.net)
According to the website of China Ministry of Commerce, the average mine-mouth coal price in Inner Mongolia has soared by 14% to CNY 296.72 per tonne in the first half of this year compared with a year earlier.
In the beginning two months, Inner Mongolian coal prices were slightly pushed up by winter heating demand. The average mine-mouth steam coal settlement price in its main producing areas rose 0.82% over early January to CNY 297.07 per tonne.
Since March, coal demand started to shrink and prices stepped down. The lowest point in H1 appeared in April at CNY 291.87 per tonne.
May mark the commencement of a vigorous upswing. By June, the average mine-mouth steam coal settlement price registered CNY 304.93 per tonne.
(sourced from MySteel.net)
Friday, August 5, 2011
Hebei likely to witness a small hike in coking coal prices
Friday, 05 Aug 2011
coking coal market in Hebei Province operates stably recently and is slated to increase at a later stage.
In late July, domestic steel market eyed an uptrend. MySpic on August 2 was seen at 177.4 up by 0.27% DoD, 0.7%WoW or 2.12%MoM. In line with the ongoing improvements of steel market, steel mills and coking plants are more willing to replenish coking coal stocks.
The government is planning to shut down 130 small coal mines in Hebei Province in the near term with 6.6 million tonnes of outdated capacity involved. Yet most of the crucial coking coal supply relies on local small mines. Thus the shutdown may affect the normal production of some small coking and steel companies.
The coking coal from Inner Mongolia to Hebei remains tight, leaving an impending upward price hike of CNY 10 per tonne to CNY 20 per tonne this month. Simultaneously, due to the consolidation of coal mines in Shanxi, raw coking coal supply limitation has sharply slowed down the supply of coal to Hebei. In addition, more small and medium coal washeries in Hebei, being subjected to thin profits have to curtail or stop production. The overall strain of coking coal supply thus makes imports a favorable option.
(sourced from MySteel.net)
coking coal market in Hebei Province operates stably recently and is slated to increase at a later stage.
In late July, domestic steel market eyed an uptrend. MySpic on August 2 was seen at 177.4 up by 0.27% DoD, 0.7%WoW or 2.12%MoM. In line with the ongoing improvements of steel market, steel mills and coking plants are more willing to replenish coking coal stocks.
The government is planning to shut down 130 small coal mines in Hebei Province in the near term with 6.6 million tonnes of outdated capacity involved. Yet most of the crucial coking coal supply relies on local small mines. Thus the shutdown may affect the normal production of some small coking and steel companies.
The coking coal from Inner Mongolia to Hebei remains tight, leaving an impending upward price hike of CNY 10 per tonne to CNY 20 per tonne this month. Simultaneously, due to the consolidation of coal mines in Shanxi, raw coking coal supply limitation has sharply slowed down the supply of coal to Hebei. In addition, more small and medium coal washeries in Hebei, being subjected to thin profits have to curtail or stop production. The overall strain of coking coal supply thus makes imports a favorable option.
(sourced from MySteel.net)
Thursday, August 4, 2011
Xinjiang port upgrades facility to transport Mongolian coal
Thu,Aug04, 2011 |By Xinhua
A six-kilometer path specially built for coal transport has been completed in northwest Takeshiken, the second largest port at the China-Mongolia border, as the import of coal from Mongolia picks up, local officials said Wednesday.
The project was first proposed by Mongolia in April over fears that increased truck hauling of coal might damage trade routes. Mongolia Energy Corporation Limited undertook the project and finished it at the end of July, officials said.
The Takeshiken port, located in the town of Takeshiken in Xinjiang Uygur autonomous region, imported 5,000 tons of raw coal from Mongolia in the first three months this year, official statistics show. Xinjiang, one of China's key energy and heavy industry bases, is estimated to be short of 1.6 million tons of charred coal for industrial use every year.
China has a huge demand for energy sources. The latest statistics available show that the demand for coal reached 3 billion tons in 2009. In 2010, 146 million tons of coal were imported, a 40.9-percent increase, according to the National Energy Bureau.
A six-kilometer path specially built for coal transport has been completed in northwest Takeshiken, the second largest port at the China-Mongolia border, as the import of coal from Mongolia picks up, local officials said Wednesday.
The project was first proposed by Mongolia in April over fears that increased truck hauling of coal might damage trade routes. Mongolia Energy Corporation Limited undertook the project and finished it at the end of July, officials said.
The Takeshiken port, located in the town of Takeshiken in Xinjiang Uygur autonomous region, imported 5,000 tons of raw coal from Mongolia in the first three months this year, official statistics show. Xinjiang, one of China's key energy and heavy industry bases, is estimated to be short of 1.6 million tons of charred coal for industrial use every year.
China has a huge demand for energy sources. The latest statistics available show that the demand for coal reached 3 billion tons in 2009. In 2010, 146 million tons of coal were imported, a 40.9-percent increase, according to the National Energy Bureau.
Tuesday, March 8, 2011
Inner Mongolia BaoTou Steel Union to issue CNY 2 billion in bonds
Tuesday, 08 Mar 2011
China Knowledge reported that Inner Mongolia BaoTou Steel Union Co Ltd, a China based company primarily engaged in the steel industry plans to issue CNY 2 billion in bonds with a maturity of five years on the inter-bank market on March 8.
The firms said in a statement that this batch of bonds will be issued at face value and the coupon rate will be determined during the process of book building. Both value date and payment due date will be March 10.
Proceeds from the issue will be mainly used to repay bank loans and replenish working capital, according to the firm. China Lianhe Credit Rating Co Ltd has rated the issuer and the bonds both AA.
China Everbright Bank Co and Agricultural Bank of China Ltd or ABC have been hired to handle the sale. (sourced China Knowledge)
China Knowledge reported that Inner Mongolia BaoTou Steel Union Co Ltd, a China based company primarily engaged in the steel industry plans to issue CNY 2 billion in bonds with a maturity of five years on the inter-bank market on March 8.
The firms said in a statement that this batch of bonds will be issued at face value and the coupon rate will be determined during the process of book building. Both value date and payment due date will be March 10.
Proceeds from the issue will be mainly used to repay bank loans and replenish working capital, according to the firm. China Lianhe Credit Rating Co Ltd has rated the issuer and the bonds both AA.
China Everbright Bank Co and Agricultural Bank of China Ltd or ABC have been hired to handle the sale. (sourced China Knowledge)
Saturday, March 5, 2011
Ceke Feb coal imports soar 79 pct
Mar 5, 2011
Ceke border crossing, located in northern autonomous region of Inner Mongolia, witnessed a year-on-year surge of 79 percent in coal imported from Mongolia in Feb, sources learnt from local government.
The border crossing imported a total of 350,526 tonnes Mongolian coal in 15 days’ opening from Feb 11 to 28, valued US$18.01 million, showed data.
As of end-Feb, coal imported from Mongolia through Ceke border crossing amounted to 443,210 tonnes. |By en.sxcoal
Ceke border crossing, located in northern autonomous region of Inner Mongolia, witnessed a year-on-year surge of 79 percent in coal imported from Mongolia in Feb, sources learnt from local government.
The border crossing imported a total of 350,526 tonnes Mongolian coal in 15 days’ opening from Feb 11 to 28, valued US$18.01 million, showed data.
As of end-Feb, coal imported from Mongolia through Ceke border crossing amounted to 443,210 tonnes. |By en.sxcoal
Monday, February 21, 2011
Coal capacity expands at Inner Mongolia and Shanxi
Feb 21, 2011
North China’s Inner Mongolia Autonomous region that produced 787mt last year is to raise capacity to 900 million tonnes in 2011, while coal-rich Shanxi province with an output of 737 million tonnes in 2010 will achieve a 850 million tonnes of capacity this year, announced the National Development and Reform Commission on Feb 11.
Local coal agencies expect capacities to be further lifted to 1 billion tonnes in Inner Mongolia by 2015, but in Shanxi a marginal increase to 960 million tonnes is projected.
Inner Mongolia produced 69.6 million tonnes in Jan, up 26.7% from the same month of last year, but down 21.8% from Dec, while Shanxi mined 58.17 million tonnes, decreasing 4.7% year on year and plunging 18.5% month on month.
The NDRC predicts a slowdown in coal consumption growth this year due to environmental pressures but did not give details.
(sourced:China Coal Times)
North China’s Inner Mongolia Autonomous region that produced 787mt last year is to raise capacity to 900 million tonnes in 2011, while coal-rich Shanxi province with an output of 737 million tonnes in 2010 will achieve a 850 million tonnes of capacity this year, announced the National Development and Reform Commission on Feb 11.
Local coal agencies expect capacities to be further lifted to 1 billion tonnes in Inner Mongolia by 2015, but in Shanxi a marginal increase to 960 million tonnes is projected.
Inner Mongolia produced 69.6 million tonnes in Jan, up 26.7% from the same month of last year, but down 21.8% from Dec, while Shanxi mined 58.17 million tonnes, decreasing 4.7% year on year and plunging 18.5% month on month.
The NDRC predicts a slowdown in coal consumption growth this year due to environmental pressures but did not give details.
(sourced:China Coal Times)
Saturday, February 5, 2011
China province wise narrow CR strip output in 2010
Saturday, 05 Feb 2011
It is reported that China province wise narrow CR strip output during January to December 2010 total 8.25 million tonnes which Jiangsu topping the table.
| Province | Dec'10 | Dec'09 | Change | Jan-Dec'10 | Jan-Dec'09 | Change |
| Total | 0.79 | 0.69 | 13.7 | 8.25 | 6.57 | 25.5 |
| Jiangsu | 0.15 | 0.12 | 30.5 | 1.51 | 1.12 | 35.4 |
| Hebei | 0.10 | 0.11 | -10.4 | 1.29 | 0.89 | 44.8 |
| Henan | 0.11 | 0.10 | 9.8 | 1.19 | 0.99 | 20.3 |
| Zhejiang | 0.10 | 0.10 | -2.9 | 1.09 | 0.91 | 19.7 |
| Guangdong | 0.10 | 0.05 | 94.3 | 0.77 | 0.57 | 34.9 |
| Tianjin | 0.06 | 0.03 | 107.4 | 0.43 | 0.27 | 59.4 |
| Fujian | 0.02 | 0.02 | 15.0 | 0.29 | 0.27 | 8.9 |
| Shandong | 0.02 | 0.03 | -38.2 | 0.29 | 0.31 | -5.8 |
| Shanghai | 0.03 | 0.03 | 0.0 | 0.28 | 0.22 | 25.9 |
| Jiangxi | 0.02 | 0.03 | -35.3 | 0.26 | 0.21 | 21.6 |
| Sichuan | 0.02 | 0.01 | 50.0 | 0.21 | 0.15 | 39.5 |
| Anhui | 0.02 | 0.02 | 17.6 | 0.20 | 0.19 | 5.2 |
| Jilin | 0.01 | 0.01 | -27.3 | 0.10 | 0.08 | 23.8 |
| Hubei | 0.01 | 0.01 | 28.6 | 0.10 | 0.08 | 26.9 |
| Chongqing | 0.01 | 0.01 | -36.4 | 0.09 | 0.10 | -5.2 |
| Heilongjiang | 0.01 | 0.00 | 100.0 | 0.06 | 0.05 | 25.5 |
| Hunan | 0.00 | 0.00 | -33.3 | 0.03 | 0.11 | -75.2 |
| Liaoning | 0.00 | 0.00 | 0.0 | 0.02 | 0.01 | 46.2 |
| Inner Mongolia | 0.00 | 0.00 | 0.0 | 0.02 | 0.03 | -55.9 |
In million tonnes
(sourced:mysteel.net)
visit www.mysteel.net for real time access to China steel news
Tuesday, February 1, 2011
Yanzhou Coal wins bid for coal mining rights in Inner Mongolia
Tuesday, Feb1, 2011 By China Knowledge
Yanzhou Coal Ordos Neng Hua Co Ltd, a wholly-owned subsidiary of Yanzhou Coal Mining Co Ltd, recently won the bid for the coal mining rights of the Zhuanlongwan coal mine in Dongsheng coal field in North China's Inner Mongolia Autonomous Region, sources reported.
The subsidiary has entered into a confirmation agreement with the region's Department of Land and Resources and will pay for 7.8 billion yuan for the mining rights.
The Zhuanlongwan coal mine, covering an area of 43.51 square kilometers, has total coal reserves of 548 million tonnes and is designed to produce 5 million tonnes of coal each year.
Monday, January 24, 2011
Baotou Steel expects to return to profit
Monday, 24 Jan 2011
It is reported that Inner Mongolia Baotou Steel Union expects to return to profit in 2010 with net profit attributable to shareholders of CNY 150 million to CNY 250 million and earnings per share of CNY 0.02 to CNY 0.04.
The company recorded a loss of CNY 1.63 billion in 2009.
According to the company, demand for steel used in railway construction increased due to the construction of the national high-speed railway network.
(Sourced from 163.com)
Friday, January 14, 2011
China’s Inner Mongolia region produces 782 million mt of coal in 2010
Friday, 14 January 2011 14:26:40 (GMT+2)
According to the Coal Mine Security Supervision Bureau of China's Inner Mongolia Autonomous Region, in 2010 the region produced 782 million mt of coal, an increase of 181.4 million mt compared to the previous year, thus becoming the first region in China to produce more than 700 million mt of coal in a single year.
There are currently over 1,000 coal mines in China's Inner Mongolia Autonomous Region. During China's 12th five-year plan period (2010-15), the Inner Mongolia government plans to give priority to the construction of several major coal projects, including the Eerduosi, Xilinguole and Hulunbeier projects.
Source: steelorbis.com
According to the Coal Mine Security Supervision Bureau of China's Inner Mongolia Autonomous Region, in 2010 the region produced 782 million mt of coal, an increase of 181.4 million mt compared to the previous year, thus becoming the first region in China to produce more than 700 million mt of coal in a single year.
There are currently over 1,000 coal mines in China's Inner Mongolia Autonomous Region. During China's 12th five-year plan period (2010-15), the Inner Mongolia government plans to give priority to the construction of several major coal projects, including the Eerduosi, Xilinguole and Hulunbeier projects.
Source: steelorbis.com
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