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Industrial mineral oil upgraded at Jingmen Petrochemical

Sinopec Jingmen Petrochemical’s 10# and 15# (Class I) industrial mineral oil proved to be qualified in the test and analysis on June 2nd and June 3rd, marking the successful upgrading of industrial mineral oil at the company.

06-07-2018 15:08:39

North China Oil Field launched the construction of green mine

If you walk along the 16 stations around oil mining Plant IV of North China Oil Field and look around after November 19th, a green landscape would caught your eyes.

11-21-2017 17:13:03

Shenhua two coal mines halted, followed by tightened supply and a possible price rise

Steam coal prices showed downward trend with the end of peak season in summer.

08-10-2017 18:07:46

China’s only undersea coal mine-Beizao coal mine will be closed

According to the report, in Longkou City, Shandong, China’s only undersea coal mine will be closed in October, 2017. Shandong Energy Longkou Mining Group Beizao coal mine was built in 1983, a modern coastal mine integrated by coal and oil shale production.

05-22-2017 17:51:29

Xinjiang 10 mln mt/yr of coal mine project is approved by the NDRC

The National Development and Reform Committee (NDRC) approved Xinjiang Tianchi Energy Co., Ltd. phase I project of Jiangjun gobi No. two open coal mine in Western Heishan mine areas, Zhundong and coal cleaning plant 10 million mt/yr

05-22-2017 15:17:20

Crude oil trend before May to determine Saudi Arabia’s production cut plan

Oilprice.com reports that OPEC is in a dilemma that the oil price will slump if the production cut is not prolonged, but the market share will be handed over to other countries if it keeps the status quo.

03-15-2017 18:06:40

Shanxi closes 25 coal mines and cuts coal output by 143 mln mt in 2016

In 2016, Shanxi closed 25 coal mines and cut 143 million mt of coal output, accounting for 40% of the nationwide total output cutbacks. Coal overcapacity-cutting target was finished ahead of schedule in October, 2016, and checking works of steel and coal overcapacity cuts were completed

03-10-2017 16:26:22

47 coal mines found to have completed capacity reduction target in Shandong

An official team set up to inspect coal overcapacity reduction progress in Shandong found that the 47 coal mines under the latest monitoring in the province had achieved their capacity reduction targets, removing a total of 12.29 million mt/yr production capacity, as reported on December 5th.

12-08-2016 13:54:19

Small coal mines below 300,000 mt/yr to be closed or merged

China will accelerate concentration ratio improvement in the coal sector, not permitting the existence of coal mines of and below 300,000 mt/yr as companies.

12-06-2016 16:06:59

Inner Mongolia Ordos starts safety inspection on coal mines

The local government of coal-rich Ordos in the northern autonomous region of Inner Mongolia announced a city-wide safety inspection on all of its coal mines, after a roof caving accident killed three miners at Wantugou mine on November 25.

11-30-2016 15:32:11

Coal price likely to retreat with advanced mines starting to expand output

On November 9th, the National Development and Reform Commission gathered related authorities and industrial sources again to study on how to coordinate well in increasing transportation capacity and effective resources, in a bid to stabilize steam coal supply this winter and next spring.

11-11-2016 17:44:25

Zhuhai Baota Petrochemical’s maintenance is finishing with an undetermined restart time

According to JYD, Zhuhai Baota Petrochemical’s 1.5 million mt/yr atmospheric and vacuum distillation unit was completing its maintenance with an undetermined restarting time.

10-17-2016 11:09:42

Heilongjiang plans to cut 9.38 mln/yr coal capacity via shutting 13 mines in 2016

The Heilongjiang Development and Reform Commission released a list of coal mines required to cut overcapacity in 2016.

09-14-2016 16:15:04

Shaanxi to phase out 76 coal mines in five years

Shaanxi province plans to exit 76 coal mines in five years, with a total production capacity of 47.06 million mt/yr, and plans to cut iron and steel-making capacity by 1.7 million mt/yr, according to the meeting.

07-28-2016 15:12:15

Shandong to phase out 60% coal mines in the 13th five year plan period

Shandong has sped up supply-side reform this year, and with a focus on capacity reduction and destocking, the province is also strengthening its momentum for long-term development and economic upgrading.

07-11-2016 10:46:14

Chongqing city has permanently shut 48 coal mines

Chongqing city has permanently shut down 48 coal mines and canceled their mining rights, the Chongqing Municipal Land Resources and Housing Administration Bureau said on June 16th.

06-16-2016 17:50:30

Five of Zhengzhou Coal's 12 coal mines turn losses into gains in May

Five of the 12 coal mines owned by Zhengzhou Coal Industry (Group) Co., Ltd (Zhengzhou Coal) returned to gains in May, owing to lower coal production cost and slightly higher coal prices. The five coal mines got a profit of CNY5.5 million.

06-16-2016 14:42:30

Coal import arbitrage is open; some coal mines likely to restart

The growth in steam coal spot prices has lagged behind futures. Currently, steam coal import cost is about CNY390/mt, while steal coal futures rise to CNY410/mt, indicating import arbitrage is open.

06-07-2016 14:36:25

Production capacity of 81 coal mines under five power majors revaluated at 180 mln mt/yr

The original 213.7781 million mt/yr of the 81 coal mines under China’s five major power corporations is reassessed at 179.66 million mt/yr, down by 34.11 million mt/yr.

06-03-2016 15:08:58

Large Indonesian coal miners to maintain output despite sagging demand

Several large Indonesian thermal coal miners continue to forecast stable to higher production targets for 2016 despite weakening demand in both India and China, putting downward pressure on prices.

05-19-2016 17:43:34

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