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Top news review on Chinamining.org in May, 2015
To review the most popular news and the key events on Chinamining.org in May, 2015? Please click here.

Iron ore falls under pressure from weak China steel
Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week.

Steel firms slip into red as glut persists
Most of the steel companies listed on the A-share market have seen a sharp erosion in profits during the first six months of the year, due to the glut in domestic production.

China approves crude import licenses for two independent refineries
China's Ministry of Commerce has approved the first two crude import licenses for independent teapot refineries, easing restrictions on trade previously handled by several state-owned companies.


· Top news review on Chinamining.org in May, 2015

· Yuanba gas field plans to go into full production

· Coal hub seeks its place under the sun

· Steel firms slip into red as glut persists

· China approves crude import licenses for two independent refineries

· China woes slash profits at Australia iron ore miner Fortescue

· China tests deep-sea mining exploration vehicle

· 2 killed, 3 missing in NE China mine fire

Int'l Highlights

· South Africa's mining industry to sign jobs pact - govt

· S Korea July thermal coal imports down 1% on year to 8.55 mil mt

· Ukraine's reserves of coal at thermal power plants up 3.1%

· Chile sees copper recovering by late 2016 as deficit returns: minister

· Gold down on China interest rate cut

· Oil prices fall as equity markets plunge

· BHP Billiton profit dives to 10-year low on commodities rout

· Madagascar faces uphill struggle to revive bruised mining sector

Mining Market

· Iron ore falls under pressure from weak China steel

· China's ADC12 aluminum export prices fall on aggressive sales

· Iron ore, steel futures slip in rout of risky assets as Chinese demand ebbs

· Rio Tinto to ship 20 percent more iron ore to China in 2015

· China spot alumina prices rangebound; outlook remains dim

· China's July molybdenum oxide, concentrates imports rise 10% on weak prices

· Chinese thermal coal miner signals export intent with South Korea trip

· Copper futures mixed due to excess supply

New Energy

· China, US seek 'clean coal' agreement as industry struggles

· Solar firms search for light at the end of tunnel

· Policy highlights opportunities in nuclear plants

· Coalbed gas mining leads Shanxi economy in H1

· Wind power to heat Xinjiang

· Sichuan opens up nuclear power sector

· China's new energy car output up 2.5 times in Jul

· China to spend $2.5 trillion on clean energy projects


· China capital to move more polluting industry to heavily polluted Hebei

· Kenya's county enhances economic relations with Chinese investors

· China's greenhouse gas emissions 'overestimated'

· Beijing strengthens checks, reveals location of dangerous chemicals

· China-Pakistan Economic Corridor gains momentum in Pakistan

· China Jan-July FDI rises 7.9 percent year-on-year, up 5.2 percent in July - ministry

· Getting the global price right

· China's electricity consumption down 1.3% to 503.4 TWh in Jul

Related industry

· To improve air quality, 12,000 plants to halt work for parade

· China to accelerate railway investment in H2

· China's building materials industry's profit down 9% in H1 to RMB 128 bln

· China considers merger of top shipping companies

· China-Pakistan wind farm generating massive electricity

· China's chemical industry's value added output add 9.4% in H1

· China's cement output fell 5.3% in H1

· China aims to eliminate over 4 mln kw of outdated power output

Investment News

· POSCO accelerate factory in Liangjiang New Area

· Mining giant eyes on copper exploration with Chinese company

· Shenhua among six parties in race for Rio coal

· Chinese firms eye Romanian power deal

· China to invest $20 billion in Kalimantan steel plant: Indonesian minister

· Hebei Iron, Tewoo eye Fortescue stake

· Kyrgyzstan launches Taldy-Bulak gold venture with China

· Chinese companies compete to invest in Canadian potash mines

Companies News

· More shale for Sinopec

· Baosteel braces for shocks

· China's top steel producer Baosteel ekes out first-half profit

· China's first high-temperature, high-pressure deepwater well complete

· China's Baosteel says iron ore rally to end as steel prices fall

· Baosteel Resources to pick up 5% in Visa Steel

· China Coal Energy's coal output drops 22.1% in H1 to 46.27 mln tons

· ENN bucks demand slowdown with 17.8% growth in H1 profit

Policy News

· China lawmakers discuss new pollution bill, coal cap clause expected

· Rules eased on imports of crude oil

· China unveils new energy micro-power grid guidelines

· New policies for Pingtan FTZ to spur business

· China's removal of molybdenum export tax boosts moly metal, scrap trade

· China reforms resource tax for rare earths

· China to adjust resource tax and fees

· China's molybdenum export tax removal to overshadow Japanese term talks

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