Source: www.chinamining.org     Citation: Global Times        Date: Oct.10, 2017

The U.S. government, which has been heavily reliant on rare-earth imports from China, is reportedly seeking a potential rare-earth partnership with Afghanistan, but industry sources told the Global Times on Monday that such a deal is unlikely to affect the Sino-U.S. rare-earth trade, not at least in the short term.

"But the new move [of the U.S. turning to Afghanistan for rare-earth trade cooperation] signals that the U.S. has concerns about the security of its rare-earth supplies, the majority of which come from China," Wu Chenhui, a Beijing-based rare-earth analyst noted.

According to a Reuters report on September 22, U.S. President Donald Trump and Afghan President Ashraf Ghani backed letting U.S. companies develop Afghanistan's reserves of rare-earth minerals.

Data from the U.S. Geological Survey posted at minerals.usgs.gov in January showed that the U.S. imported about $120 million worth of rare-earth compounds and metals in 2016, down from $160 million a year earlier.

The website of U.S.-based Diplomat magazine noted on August 29 that in 2016, more than 70 percent of U.S. rare-earth imports were from China.

An executive at Gansu Rare Earth New Material Co surnamed Yang said that so far her company's rare-earth exports to the U.S. had not displayed any significant changes. But she declined to give details such as the volume of rare-earth exports to the U.S. in the past few years.

"Nowadays rare earths are widely used for various applications. Most domestic rare-earth companies depend more on the domestic market than on overseas demand," Yang told the Global Times on Monday.

Yang questioned whether such a U.S.-Afghanistan deal would affect Chinese companies' rare-earth exports to the U.S. greatly.

"Even if the U.S. government wants to open a mine in Afghanistan, whether it can actually succeed still remains a question. There are cases where U.S. companies failed to properly run rare-earth mines in the past," she noted.

Around mid-June in 2015, U.S.-based Molycorp, which owned the country's major domestic rare-earth supply source Mountain Pass mine, filed for bankruptcy, according to media reports.

An executive at Baotou Steel Rare Earth International Trade Co told the Global Times on Monday that the company's rare-earth exports to the U.S. are going on as usual, but she declined to disclose more information.

China Rare Earth Co didn't reply to an interview request as of press time, and Jiangxi Tungsten Holding Group Co could not be reached for comment.

Analyst Wu agreed with Yang that a possible U.S. deal with Afghanistan wouldn't affect domestic companies in the foreseeable future. "It might take a decade for a mine to start production, so the influence, if there's any, will be very slow," he told the Global Times on Monday.

He also noted that demand is rising for China's rare-earth products from the domestic and overseas markets, which will help offset any negative influence from a U.S.-Afghan deal.

China exported 34,757 tons of rare earths in the first eight months this year, up 13 percent year-on-year, customs data showed in September.

"The growth rate might slow down a bit in about three years, as a result of the U.S. reducing dependence on Chinese products," Wu noted.

He also stressed that the U.S. government's move sends a signal that the U.S. government is concerned about letting China having a stranglehold on its rare-earth supplies, which are vital to modern defense industries like tanks and nuclear reactors.

"It's understandable that the U.S. wants to multiply its rare-earth import sources, but I don't think it can find a total substitute for China, which supplies almost 90 percent of the world's rare earths right now," Wu said.

He added that the Chinese government has also called for exports of high added-value products to replace exports of domestic resources. Therefore, the reported move by the U.S. "might not be a bad thing at all," he noted.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2017 was held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Source: www.chinamining.org  Citation: Xinhua        Date: Sept.28, 2017

Hong Kong Exchanges and Clearing Limited (HKEX) on Wednesday announced to introduce its first ferrous metal product.

It will roll out in November of this year, subject to market readiness.

The iron ore futures, TSI Iron Ore Fines 62 percent Fe CFR China Futures, will be cash-settled in U.S. dollars with both day trading and after-hours trading.

It is expected to complement the HKEX's existing precious and base metals products.

With the benefits of electronic trading, the planned iron ore futures will provide a transparent and efficient risk management and investment tool for physical and financial users who want to hedge their price risk or gain exposure in iron ore, said Li Gang, HKEX's co-head of market development.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2017 was held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

The world's first deep sea mining vessel is being built by a Chinese shipping firm, and is expected be put into use in 2018.

The vessel is being made by Fujian Mawei Shipbuilding (FMS) affiliated with Fujian Shipbuilding Industry Group, and is designed to work at a depth of 2,500 meters.

Source: www.chinamining.org  Citation: CGTN        Date: Sept.9, 2017

The Belt and Road Initiative will see China's steel output maintain its current high levels, with production set to peak by the middle of next decade, according to BHP Billiton, the world's biggest steel and mining company.

Source: www.chinamining.org Citation: Reuters  Date: Sept.7, 2017

China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said.

The projects guaranteed by the loan included China Power Investment Corp's (CPI) planned alumina refinery and Aluminium Corp of China's (Chalco) bauxite mine and another bauxite project by China Henan International Cooperation Group, all of them in the northwestern town of Boffa.

"Those are the three projects targeted as priorities for the first phase," Mines Minister Abdoulaye Magassouba told Reuters. "The revenues these projects generate will serve as reimbursement for the loans."

The minister said the money would be spent on badly needed infrastructure - Guinea is one of the world's least developed countries - a roads-for-minerals formula that China often uses to gain access to Africa's resources.

Projects earmarked included roads in the capital Guinea and highways upcountry, a project for extending the port of Conakry, an electric transmission line and the building of a university, Magassouba said.

Chalco said last month it plans to invest $500 million in the project in Boffa, about 200 kilometres from the capital Conakry, which was abandoned by BHP Billiton in 2013. The $6 billion CPI alumina project has been on the cards since at least 2012.

Guinea, Africa's leading bauxite producer, holds some of the world's richest bauxite and iron ore deposits, including the Simandou iron ore deposit, in its remote east, which is mired in legal disputes but has nevertheless attracted intense interest from China. (Reporting by Saliou Samb; Writing by Tim Cocks; Editing by Susan Fenton)

China becomes world`s top three shale gas producer.

Source: www.chinamining.org     Citation: en.people.cn        Date: Aug.30, 2017

China has become the world`s third largest shale gas producer after the US and Canada, delivering an output of 7.88 billion cubic meters in 2016, according to a recent press conference of the Ministry of Land and Resources.

The Fuling shale gas field, located in southwest China`s Chongqing municipality, has a proven reserve of 600.8 billion cubic meters, the world`s second largest shale gas field after the US. The gas field aims to raise its annual shale gas output to 10 billion cubic meters by the end of this year.

In the future, China is likely to build two shale gas bases, one in the southwestern city of Zunyi in Guizhou province and the other in Yichang city in Hubei province.

Shale gas is natural gas that provides a new clean energy source. In 2011, the State Council of China categorized shale gas as the country`s 172nd mineral asset and started to manage the gas as an independent mineral resource. The US started to explore shale gas in the 1980s.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Huge rare earth industrial park coming to Inner Mongolia

Source: www.chinamining.org         Citation: China Daily        Date: Aug.29, 2017

The largest rare earth new material industrial park in China is expected to be built in Baotou, the Inner Mongolia autonomous region, promoted by technological innovation and the "Made in China 2025" strategy.

"The national-level new material park is planned with a total area of 470 square kilometers, supported by the Ministry of Industry and Information Technology and the autonomous region," said He Weihua, deputy mayor of Baotou, at the Ninth China Baotou Rare Earth Industry Forum on Monday.

Aimed at promoting global cooperation and exchanges in related trade, manufacturing, research and applications, the forum is a high-end meeting of leaders in the rare earth industry; This year`s topic is scientific and technological innovation.

"China`s rare earth mining, selection, metallurgy and the research of some materials are at the leading position globally," Li Chunlong, chairman of China Rare Earth Association, said at the forum, stressing that the fundamental ways to develop the sector lie in application.

The rare earth park will concentrate on the application of six kinds of new materials, including nanometers, high-polymer, new types of fiber, new graphite and highly purified rare earth metal materials, He said.

The city has laid out a program of highly purified rare earth metal materials covering an area of 0.45 square kilometers, with annual output of 30,000 metric tons, which is expected to be the largest highly purified rare earth materials area in the world.

Rare earth metal materials are widely used in sectors including aerospace, defense, robotics and medical instruments.

Several projects have made significant achievements at the park: Shenhua Group`s coal-to-olefin projects with investment of 34 billion yuan ($5.07 billion) have realized revenue of 13 billion yuan.

A stainless steel project invested in by Mintal Group, a metallurgical joint venture held by China Minmetals and Goldman Sachs, is expected to achieve a revenue of 22 billion yuan, after being put into operation.

Until now, the area with infrastructure facilities including communication, natural gas and industrial water, has reached 25 square kilometers, with a strong ability to increase capacity and attract investment.

In 2016, the park`s accumulated industrial output reached 37.15 billion yuan, rising 27.8 percent year-on-year, and the revenue has reached 55 billion yuan, surging 40.9 percent compared with that in 2015.

The rare earth industrial reserve in Baotou has been demonstrated to be about 43.5 million tons, accounting for 83.7 percent of the total reserve in China and 38 percent in the world.

The rare earth new material industry developed fast in Baotou in recent years, with 71 transformation and upgrading projects conducted in 2015-16, supported by special funds from the central government.

President Xi Jinping has repeatedly given instructions to accelerate the development of the new material industry, said a senior official at the forum.

Last December, the State Council set up a national new material development leading group, showing that the government attaches great importance to the development of the industry.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China one step closer to use of new gas energy

Source: www.chinamining.org     Citation: China Daily           Date: Aug.29, 2017

China has pledged to push further ahead with the exploration and production of gas hydrate in the Shenhu area of the South China Sea, following its success in mining gas hydrate in the region.

The Ministry of Land and Resources, Guangdong province and China National Petroleum Corp, the nation`s largest oil producer and supplier, reached a cooperation agreement in Beijing last week to set up a pilot site exploring gas hydrate in the Shenhu area, the ministry said on Saturday.

Promoting the industrialization of gas hydrate will not only upgrade the country`s energy security but also reshape its energy mix, said Minister of Land and Resources Jiang Daming.

China needs to speed up drawing up regulations on exploitation, management and industrial policy so that gas hydrate, as combustible ice or flammable ice, can soon be applied to the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the country`s economic development.

China completed its first test exploration of natural gas hydrates, commonly known as combustible ice, in the South China Sea on July 9, which lasted 60 days, with total production capacity and daily production capacity exceeding 300,000 cubic meters and 5,000 cu m, respectively.

Starting from May 10, the mining operation in waters 320 kilometers southeast of the Pearl River estuary achieved better-than-expected results, according to the China Geological Survey Bureau.

The exploration collected 6.47 million sets of experimental data and set world records in both the time of the experiment and the total amount of the gas extracted, said the bureau.

CNPC Chairman Wang Yilin said China`s successful mining of combustible ice in May was seen as a breakthrough toward a global energy revolution and the company will continue to take advantage of its technologies in natural gas exploration and deep-sea hydrate test production in setting up the pilot site.

According to Lu Hailong, a professor at the Institute of Ocean Research at Peking University and the chief scientist in the first mining trials, successful mining of gas hydrate in China is seen as a breakthrough toward a global energy revolution.

With no country able to produce gas commercially due to the challenging conditions and concerns about potential pollution, China, with ample experience accumulated, has become the frontrunner in gas hydrate mining technology.

Li Jinfa, deputy director of China Geological Survey Bureau, said the test drilling and production conducted by China International Marine Containers Group and China National Petroleum Corp created a solid foundation for commercial use of the resource before 2030.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.