China will reinforce the protection of its rare earth resources, strengthen full industrial chain regulation and establish a mechanism under the State Council to decide and coordinate on major policy measures, according to a draft guideline published on Friday.
CHINA MINING News
BEIJING - Seven of China's major coal-producing groups have called on the sector to boost supply and keep prices within a reasonable range, as increasing domestic demand fuels rising pressure in the spot market.
In a joint initiative by the national coal association as well as the coal transportation and distribution association, the seven energy suppliers stressed the need to ink medium and long-term contracts at an early date in 2021, which could serve as a prop for price stability.
Significant results in exploration, coal bed extraction
China has made progress in increasing domestic oil and gas production over the past five years, while the country vows to continuously step up construction of storage facilities and accelerate building trunk oil and gas pipelines to further ensure domestic energy security.
On the afternoon of October 22, China Mining Conference and Exhibition 2020 (the 22nd session) opened in Tianjin. With the theme of "Responsibility, Innovation and Governance", this session advocates countries to strengthen exchanges and cooperation in fulfilling corporate social responsibility, innovating development mode and industry self-discipline, so as to promote sustainable development of mining industry image remodeling.