China Energy Investment Corp, the world's largest coal miner, achieved a record in installed renewable energy projects last year, as the company accelerated its green energy transition while ensuring domestic energy security.
中国能源投资公司是全球最大的煤矿企业，去年可再生能源项目的安装量创下历史新高，该公司在确保国内能源安全的同时加快了绿色能源转型。
Rio Tinto, the world's largest iron ore miner, said it anticipates more growth, investment and local partnership opportunities in China, as signs have been indicating that the Chinese economy has been gradually recovering, a top company official said.
一位公司高级官员表示，全球最大的铁矿石开采商力拓表示，预计中国将有更多的增长、投资和地方合作机会，因为有迹象表明中国经济正在逐步复苏。
China accounted for a record 57 percent of the 2021 global revenue of London-based Anglo Australian metals and mining giant Rio Tinto Group Plc, the world's biggest iron ore miner.
总部位于伦敦的英澳金属和矿业巨头、全球最大的铁矿石开采商力拓集团2021年全球收入中，中国占创纪录的57%。
In January, Baosteel purchased about 330 million yuan worth of iron ore from Brazilian iron ore miner Vale in Chinese currency.
Another deal worth nearly 100 million yuan was reached between Baosteel and Australian miner BHP Group in April.
Zijin steps up overseas shopping for mineral resources to boost production, profitZijin Mining Group Co Ltd, a Fujian province-based miner of metal ores and the country's largest gold producer, has been stepping up efforts in recent years to make acquisitions overseas to meet surging demand in the global market.
On Jan 1 last year, it disclosed a plan to offer additional shares to public to raise no more than 8 billion yuan ($1.15 billion), which will go toward the 9.53 billion yuan needed to acquire the outstanding shares of Canada-based miner Nevsun Resources Ltd. By Jan 8 last year, shareholders holding 92.4 percent of Nevsun's total issued equity had accepted Zijin Mining's offer, indicating that the latter's offer was successful.
Miner opens foreign office in Toronto, looks for sustainable and long-lasting resource reserveAfter a multiyear survival mode, gold companies are finally enjoying a growth cycle in the market.
So, its subsidiary, the Hong Kong-headquartered Cosco Shipping Ports Ltd, reached an investment agreement with Volcan Compania Minera SAA, a Peruvian polymetallic miner, in January.
Volcan is a Peruvian polymetallic miner engaged in the exploration and production of zinc, copper, gold, silver, and lead in Peru's Sierra Central region.
COSCO Shipping Ports Ltd has reached an investment agreement with Volcan Compañía Minera SAA, a Peruvian polymetallic miner, to acquire 60 percent of its stake in Terminales Portuarios Chancay SA for $225 million.
Australia's iron ore company Fortescue Metals Group Chief Executive Elizabeth Gaines has confirmed the Aussie miner will begin producing a new higher grade iron ore product in response to demand from China.
"The company could leverage the expertise of Rio Tinto, the world's second-largest iron ore miner, in iron ore, to explore Minmetals abundant iron ore resources in China.
The proposed port is located in Chancay, a town 58 km north of the Peruvian capital Lima, and is owned by Peruvian miner Volcan Minera.
China's efforts to reduce pollution are expected to boost demand for Vale's high-quality iron ore, while the Brazilian miner will continuously diversify its business, said Fabio Schvartsman, Vale's chief executive officer.
The Brazilian miner has developed a brand-new iron ore mine in Carajas, Brazil, that will bring more high-quality ore to the market.
It is designed for Brazilian miner Vale SA to conduct tasks on the route between China and Brazil, the company said in a statement.
"China's top coal miner Shenhua Group Corp Ltd merged with State-owned power generator China Guodian Corp last year, creating the world's largest energy conglomerate, China Energy Investment Corp, with total assets of 1.8 trillion yuan.
Commodities trader and miner Glencore replaced China's Sinopec as the buyer of Chevron's South African and Botswana assets in October, including a 100,000 barrel-per-day oil refinery in Cape Town, a lubricants plant in Durban as well as 820 petrol stations and other oil storage facilities.
At the end of the same month, China's major power generator China Guodian Corporation and largest coal miner Shenhua Group merged their coal power assets, creating an energy behemoth with combined assets in the range of 1.73 trillion yuan to more than 1.8 trillion yuanThese reforms follow a clear trend.
[Photo/Xinhua]Link up to create world's largest utility provider by capacityThe State-owned Assets Supervision and Administration Commission has approved the merger between China's largest coal miner Shenhua Group and top five State power producer China Guodian Corp on Monday, an attempt believed to form the world's largest utility provider by capacity.
JIA CHENGLONG / FOR CHINA DAILYChina's largest coal miner Shenhua Group and energy producer China Guodian Corp, which are mulling a merger, have extended suspension of trading in their shares for the fifth time.
Earlier media reported their parent firms China's largest coal miner Shenhua Group and energy producer China Guodian Corp are in merger discussions which are expected to result in the creation of an energy giant with a combined asset of 1.73 trillion yuan ($254 billion).
[Photo/Xinhua]The listed units of Shenhua, Guodian halt trading in sharesChina's largest coal miner and a coal-fired power giant are reported to be in merger discussions, as their listed units halted share trading on Monday.
China Shenhua Energy Co said in a filing on Sunday to the Hong Kong Stock Exchange that it was informed by parent company－China's largest coal miner Shenhua Group Corporation－of "significant matter containing substantial uncertainty which is subject to the approval of the relevant authorities".
Wu Qi, an analyst from the commercial bank research center at the research institute of Hengfeng Bank, said that the merger of a power generator and a coal miner is a win-win solution that takes advantage of both sides.
Jakob Stausholm, CEO of Rio Tinto, the Australian iron ore miner, said he has an optimistic short-term outlook for iron ore.
BHP Group, the world's biggest miner expressed a positive outlook on China's efforts to reboot the country's growth and stabilize its property sector, according to a Bloomberg article on Tuesday.
XtalPi Inc, a Chinese AI drug miner, received more than $7 million from two rounds of financing last year, bringing its total valuation to approximately $2 billion.
Electricity shortages addressed, path taken to greener futureThe past month or so has been hectic at the company for which miner Li Xingguo works in Erdos, Inner Mongolia autonomous region, whose business centers on producing, selling and transporting coal.
Channel Yeung, a China market analyst at FXTM, a United Kingdom-based global trading platform, said the border closure will not take a heavy toll on Chile's metal exports as the Chilean government and the country's leading copper miner have confirmed that sea transport and mining operations will continue.
The event is rather heightening the supply risks, particularly copper, as Chile is the world's top copper miner," said Yao Wenyu, a senior commodities strategist at Dutch bank ING.
Rio Tinto Group Plc, the world's biggest iron ore miner, is anticipating huge growth opportunities in China, after the country, which accounted for more than half of its global revenue last year, reiterated its intent to reduce carbon emissions earlier this month, a top company official said.
Zhu said mergers and acquisitions in the global gold industry increased in 2019, following the merger of Barrick Gold and Randgold in 2018 and divestments by several firms, such as Australian miner Evolution Mining acquiring Red Lake gold complex in Canada from Newmont Goldcorp.
In 2018, De Beers, the world's largest diamond miner, launched its lab-grown diamond line Lightbox Jewelry.
Whereas the country has been mainly a miner and shipper of rare earths in the past, it now seeks to become a top refiner and manufacturer.
Vale maintained its guidance for 2018 of about 390 million tons of iron ore and about 400 million tons in 2019, while Goldman Sachs Group Inc estimated Vale's output would contract by between 10 million and 15 million tons this year as the miner would be able to offset some of the losses.
Electric marque smart, a 4-year-old joint venture between Geely and Mercedes-Benz, secured strategic investment of $150 million last week from China's leading lithium miner, Tianqi.
The deal between the carmaker and the miner of lithium, which is an important ingredient in electric vehicle batteries, are expected to complement each other's advantages in their respective markets, said analysts.
"Jiang Weiping, founder and chairman of the miner, said the investment in smart is the first time that Tianqi has established relations with companies in the downstream end of the industrial chain.
On Wednesday, China's Tianqi Lithium Corp, a lithium miner, signed an agreement with Singapore's smart Mobility Pte Ltd, an NEV maker, to invest $150 million in the latter.
Chinese electric vehicle maker Nio may invest an estimated 600 million yuan ($83.74 million) in Australia-based miner Greenwing Resources Ltd, which is said to be stepping up its development of lithium project San Jorge in Argentina.
Earlier in May, Ganfeng said it will buy out London-listed Mexican miner Bacanora Lithium in a deal valued at up to 190 million pounds ($264 million).
Rio Tinto, the world's second-largest iron ore miner, started iron ore spot trading through Chinese ports in 2019.
Coal miner Win-time Energy reported the largest default of 1.07 billion yuan on Jan 22.
Shares in miner Randgold Resources were also among the top performers, up 5.2 percent, as gold prices hit a near- 12-week high with investors looking for safe havens.
Each ring miner tries to fulfill the order at the given rate or better by matching the order with others.
The association warned on Friday that the initial miner offering model (IMO), a new way to issue cryptocurrency, could have potential risks.
A Chinese industry association has cautioned against risks from the so-called "initial miner offerings" (IMOs), saying they are disguised digital coin fundraising that has been completely halted in the country.
China's top coal miner China Shenhua Energy Co Ltd delivered its strongest interim results in four years, while oil giant Sinopec reported its best six-month profit since the second half of 2014, joining a slew of major State firms reporting earnings that beat their forecast.