Economic Geology

Greenpeace warns of water shortages caused by new power plants on mainland

Greenpeace warns of water shortages caused by new power plants on mainland

Nearly 10 billion cubic metres of water - a quarter of the water that can be allocated for use from the Yellow River in a normal year - will be consumed by 16 new coal-fired power plants on the mainland by 2015, exacerbating water shortages in the arid northwest, a Greenp

Wednesday, 15 August, 2012, 4:42am

Prices still under pressure,Mongolian coal miner says

Coal exporter Mongolian Mining expects prices to remain under pressure for the rest of the year amid weak demand.

But it says its competitiveness means output is on track to reach its target of 10 to 11 million tonnes this year, up from 7.1 million last year.

15 Aug 2012 - 11:15pm

India's power grid needs investment

Electricity is the driver of any nation's industrial growth, but Indian politicians have not recognised its importance. Vested interests and an unwillingness to rectify supply threats have led to a crumbling of the power grid. It is a reality evident in the recent blackouts that left 600 million people, almost half the population, in the dark.

15 Aug 2012 - 11:03pm

Heady days over for iron ore demand

Car sales have cooled on the mainland, potential homebuyers have been delaying purchases and there's less track being laid for high-speed rail lines these days.

Manufacturing data point to a weak outlook, and construction of affordable housing is running behind schedule.

23 Jul 2012 - 12:00am

CRP looks to acquire private miners

China Resources Power Holdings (CRP) is in acquisition talks with several private coal miners, as it believes falling coal prices will put pressure on small miners to consider selling out amid an industry consolidation that favours larger players.

9 Jun 2012 - 12:00am

Yitai Coal to buy up parent's mines

Inner Mongolia Yitai Coal, which is preparing for an initial public offering of up to US$1.5 billion, plans to acquire the bulk of the remaining mining assets of its parent, Yitai Group, after the listing.

The deal is expected to be worth 8.4 billion yuan (HK$10.25 billion).

29 May 2012 - 12:00am

The man who juggles life in three places

George Jay Hambro, a former investment banker and the son of a stockbroker turned mining magnate, shuttles between his home in London, iron ore mines in Russia, corporate offices in Hong Kong and steel mills on the mainland.

28 Apr 2012 - 12:00am

Glaucus attacks Fushan 'pump and dump scheme'

Shougang Fushan Resources Group has come under renewed attack from US short-seller Glaucus Research which accused the coking coal miner of buying mines from related parties at above-market prices, and possibly inflating its profit through connected transactions.

26 Apr 2012 - 12:00am

Natura bisse Diamond White brilliance treatment

Since my recent birthday I have been looking forward to turning back the clock with the Natura Bisse Diamond White Brilliance Treatment. It promises to deliver a youthful glow, more even skin tone and softer, smoother skin.

20 Apr 2012 - 12:00am

Power companies turn to coal to stem losses

The mainland's five big state-owned electricity generators have been battered by losses in the past four years as Beijing keeps a tight control over power prices.

Now the companies are going 'upstream' to almost double their coal output by 2015 in an attempt to improve profits, according to Liu Xiangdong of the China Electricity Council, which represents power generators.

19 Apr 2012 - 12:00am

Iron ore firm eyes HK$197m in HK IPO

China Zhongsheng Resources, the largest privately owned iron ore producer in Shandong province, plans to raise as much as HK$197 million from an initial public offering in Hong Kong.

'The stock market remains low recently,' said Li Yunde, the firm's chairman. 'But after operating for more than a decade our firm has grown and our business is stable.'

17 Apr 2012 - 12:00am

Mainland power firms in red again

The mainland's five state-owned power generation firms sank back into losses in January on the back of weaker output and rising interest and coal costs, but an analyst said the poor showing was distorted by the Lunar New Year effect.

13 Apr 2012 - 12:00am

Ore processor Hanking to double capacity by 2015

Iron ore producer China Hanking plans to more than double its ore-processing capacity by 2015, as it puts two new mines into operation.

The Liaoning province-based firm aimed to have an annual processing capacity of 11.4 million tonnes in 2015, chief executive Pan Guocheng said.

17 Mar 2012 - 12:00am

MMC banking on coal demand from mainland

Unfazed by a lower economic growth target, Mongolian Mining Corporation expects to continue to benefit from rising demand for coal this year.

'We remain optimistic on the demand from China,' MMC's chief executive Dr Battsengel Gotov said in Hong Kong yesterday.

8 Mar 2012 - 12:00am

Costs hit delayed Citic Pacific mine

Citic Pacific, which has suffered major cost overruns at a major Australian iron ore project, says it is confident it can start up its first two production lines on time this year but will not rule out further rises in overall project costs.

2 Mar 2012 - 12:00am