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  • September 16, 2014
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  1. CRE plans stake in Zhengzhou gas firm

    Posted Sep 27th 2003, 12:00am by Denise Tsang

    ... Denise Tsang China Resources Enterprise (CRE) is in talks to buy a stake in piped-gas supplier Zhengzhou Gas Holdings, the blue-chip conglomerate's latest attempt to move ... in Zhengzhou. But the deal has led to uncertainty about China Resources' expansion plans. The State Council-backed conglomerate is also focused on growing its mainland supermarket chains ...

  2. Beijing Water aims to triple capacity

    Posted Jun 23rd 2008, 12:00am by Carol Chan

    ... and industrialisation and rising government concern about environment protection and resource conservation,' chairman Zhang Honghai said. The water unit of red-chip conglomerate Beijing Enterprises ... Carol Chan Beijing Enterprises Water Group (Beijing Water) aims to more than triple its water treatment capacity to more than 3 million tonnes per day by 2010 to tap growing mainland ...

  3. Heyuan promises cheap water and power

    Posted Feb 02nd 2005, 12:00am by Toh Han Shih

    ... a capacity of 13.9 billion cubic metres of water. 'We have the most abundant water resources in southern China. We can supply 10 tonnes of water to every one of China's 1.3 billion ... to the Pearl River Delta, promising migrating factories relief from the water, power and land shortages plaguing the south. Heyuan, 200km northeast of Shenzhen, also sports a pristine environment ...

  4. Red chip to splash out more on water

    Posted Jan 14th 2005, 12:00am by Denise Tsang

    ... that Ministry of Water Resources guidelines allowed a profit of 8 to 12 per cent. A recent Nomura International (Hong Kong) research report said Shanghai Industrial's early entry into the water ... Denise Tsang Red chip Shanghai Industrial Holdings expects to invest in at least six water projects in the mainland this year as it accelerates its drive into utilities. 'A huge ...

  5. Business - Commodities - ACQUISITIONS

    Citic Resources says no to aluminium smelter purchases

    Posted Feb 26th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The energy and metals arm of state-owned Citic Group will be 'cautious' about new asset deals Citic says no to smelter purchases Citic Resources ... total," Zeng said. "But aluminium demand is expected to continue to rise, with demand from automobiles being one of the driving forces." Zeng was speaking a day after Citic Resources ...

  6. Business - Commodities

    ICAC raids China Mining Resources office over failed deal

    Posted Feb 05th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com ICAC raids China Mining office over failed deal The Independent Commission Against Corruption searched the head office of China Mining Resources in Hong Kong on January 15 and seized books and records in relation to an aborted acquisition, the company announced yesterday. "Since the acquisition did not materialise, the board believes ...

  7. Business - Commodities - PLACEMENTS

    China Resources Gas raises HK$2.77b in share placement

    Posted Nov 21st 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com CR Gas will likely use the money to acquire 16 city projects and capital expenditure China gas firm gains HK$2.7b for projects China Resources Gas, ... an equal number of new shares that its parent company, China Resources (Holdings), will acquire. Analysts expect CR Gas to use the proceeds to fund its huge capital expenditure for the year, which ...

  8. China Resources Power to spend on coal mines, transport

    Posted Jan 22nd 2011, 12:00am by Eric Ng

    ... Eric Ng in Shantou, Guangdong China Resources Power Holdings plans to spend billions of yuan over the next five years to buy coal mines and minority stakes in railway lines, as well ... down to transport charges. China Resources Power aims to raise coal output to 50 million tonnes in 2015 from 11.4 million tonnes last year, which would allow it to cover more than 40 per cent ...

  9. Minmetals Resources to buy mine assets from parent for US$1.85b

    Posted Oct 20th 2010, 12:00am by Sophie Yu

    ... Sophie Yu Minmetals Resources (MMR) will buy international mining assets from its parent for US$1.85 billion and raise US$2.7 billion in three separate share offers, as part of plans ... of non-ferrous metals and the manufacturing of aluminium and copper products. Chinese state-owned companies have invested heavily in the resources and energy sectors overseas in recent years to secure ...

  10. Gold miner shares rise as resources grow

    Posted Sep 08th 2010, 12:00am by Howard Winn

    ... Howard Winn Shares in gold miner G-Resources rose 10 per cent yesterday after the company announced an increase in the size of its resources at the Martabe gold and silver project in Indonesia. The recently completed drilling programme at its Ramba Joring deposit resulted in an inferred resource of 1.2 million ounces of gold and 5.2 million ounces of silver. The gold grades ...




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