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New Coal Tax to Push Industrial Reform in China

The new resource tax on coal has been deemed a crucial push for reforming the industry, presenting an opportunity for a better local taxation system.

Thursday, December 4, 2014

China's 2015 Steel Demand Estimated at 720m tons

China's steel industry continues battling overcapacity as demand for 2015 is estimated at 720 million tons with a slower year-on-year growth of 1.4 percent an industry report said on Wednesday.

Thursday, December 4, 2014

Pakistan’s cement producers threaten to Stop Using South African Coal

Pakistan: Cement producers in Pakistan are considering sourcing their coal from Indonesia instead of South Africa. The move is in response to an on-going investigation initiated by the International Trade Administration Commission (ITAC) on alleged dumping of ...

Thursday, December 4, 2014

Nation Eyes Fusion of Powerful Nuclear Trio-China

Following the announcement that China's two largest train manufacturers will merge, the government is now considering another combination of industrial giants, this time in the nuclear power sector.

Wednesday, December 3, 2014

Second Unit at Fuqing Nuclear Plant to Start Operation in August

The second unit of the Fuqing nuclear power plant in East China's Fujian province, is expected to start operation and be connected to the power grid in August next year, local authorities said.

Tuesday, December 2, 2014

China's Imported Iron Ore Stockpiles Continue to Rise

Stockpiles of imported iron ore at 33 major Chinese ports rose 0.78 percent over the week ending Nov 24 following a week of low demand, Xinhua's latest economic report showed Tuesday.

Thursday, November 27, 2014

Major Hydroplant Begins Operation in Power-thirsty Tibet

Tibet's largest hydropower station became partly operational on Sunday, harnessing the rich water resources of the Yarlung Zangbo River to develop the electricity-strapped region.

Tuesday, November 25, 2014

Trade Deal to Singe Domestic Coal Firms of China

The long-awaited free trade agreement finalized between China and Australia on Monday in Canberra will significantly boost Australia's commodities market, especially its coal industry.

Thursday, November 20, 2014