Archive for April, 2008
Sinosteel on track to buy Aussie prospector
Chinese state iron ore trader Sinosteel Corp won approval from the board of Midwest Corp yesterday after raising its takeover bid for the Australian mine prospector. Sinosteel’s new cash offer was A$6.38 per share, or 14 ... Read More
Price rises reduce Indian share in China’s iron ore market
Indian iron ore miners are risking losing their Chinese market because of sharp price rises, said Luo Bingsheng, deputy director of the China Iron and Steel Association (CISA). Iron ore imports from India in 2007 rose 6.14 ... Read More
China’s oil consumption hits record high
Soaring oil prices have not slowed China’s consumption of oil as statistics show that China’s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the ... Read More
PetroChina buys assets from parent
PetroChina, the country’s largest oil producer, said it has agreed to buy assets from parent China National Petroleum Corporation (CNPC) for 43.8 million yuan. The oil major will buy the assets of Northeast China ... Read More
China to become world’s leading gold producer
China will become the world’s leading gold producer in 2008, with output reaching 300 tonnes, according to an estimate made by the China Gold Association on Tuesday. “Recent years have seen a continuous drop in gold ... Read More
PetroChina Q1 net profit down 29%
PetroChina Company Limited, China’s largest oil producer, said on Monday that its first-quarter net profit slid 28.6 percent year-on-year, reduced by below-cost fuel prices and windfall taxes. Net profit totaled 26.5 ... Read More
China , Sudan sign $396mln contract to heighten Roseires Dam
Chinese Sinohydro Corp and CWE firms(CCMD JV)signed a contract with Sudanese government in April 28, 2008 worth 396 million U.S. dollars for the project to elevate Roseires Dam in eastern Sudan. the Sudanese President Omer ... Read More
Fan Jixiang Representing Sinohydro to Sign the Treaty of Sudan Roseires Dam Heightening Project
At 12:00 of April 27 Khartoum local time, CCMD joint management composed of Sinohydro Corportion and Chinese Water Electricpower Foreign Company and Sudan DIU held grandly the signing ceremony of Roseires heightening project in ... Read More
Sinopec Q1 net profits slump 65.78%
China Petroleum and Chemical Corporation (Sinopec), China’s largest oil refiner, announced Sunday that its net profits slumped 65.78 percent in the first quarter from the same period of last year, and were only kept in ... Read More
Indonesia signs $889 mln power contracts with Chinese firms
Indonesia’s state-run power firm PLN has signed two engineering procurement contracts worth 888.4 million U.S. dollars with Chinese companies for the constructions of coal-fired power plants, local press said ... Read More
CNPC’s refinery in Algeria begins operation
The SORALCHIN Oil Refinery, jointly-funded by China National Petroleum Corporation (CNPC) and the Ministry of Energy and Mines of Algeria, was put into operation in Algeria on April 5, 2007, marking the formal production of ... Read More
Sinohydro Corporation Signs a treaty the Indonesia PLTUNAD Project Officially
At 9:30 local time on the morning of April 25, the signing ceremony of Indonesian PLTUNAD 2X100MW project was held grandly in Indonesian PLN Company. Deputy general manager of International Company Song Dongsheng attends the ... Read More
UN urged to lead on tech transfers
China’s top official on climate change Thursday called on the international community to build a mechanism for technology development and transfer to help tackle problems associated with global warning. Xie Zhenhua, ... Read More