China News Weekly 124 – China Unveils Reform to Help Firms Borrow More Cheaply

China News Weekly 124 – China Unveils Reform to Help Firms Borrow More Cheaply

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click the button below to subscribe.

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China Provides $1 Billion in ‘Green’ Finance to Coal Projects in First Half of the Year

China Provides $1 Billion in ‘Green’ Finance to Coal Projects in First Half of the Year

Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in...

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China to launch new round of coal mine safety checks

China to launch new round of coal mine safety checks

China will launch a new round of safety inspections on coal mines across the country from late August until end-September, the country’s coal mine safety watchdog said on Wednesday. The checks follow a spate of fatal coal mine accidents that...

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Australia wants to streamline resource sector regulation

Australia wants to streamline resource sector regulation

Australia’s Productivity Commission will conduct a 12-month review aimed at streamlining regulation in the resources sector. In an official communiqué, Commission representatives said the plan is to look at best-practice examples of regulation...

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China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China’s top economic planner has given the nod for three new coal mines, costing CNY18.2 billion (USD2.6 billion), to be built in the north of the country. One will be in Shanxi province and Inner Mongolia will house the remaining two, the...

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China proposes coal price cuts to ease burden on power producers

China proposes coal price cuts to ease burden on power producers

China is seeking to lower domestic coal prices to aid power producers, and has proposed that miners bring the benchmark grade to below 600 yuan ($87) a ton, according to people with knowledge of the matter. The National Development & Reform...

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Coking coal price to remain elevated in 2019— report

Coking coal price to remain elevated in 2019— report

In its latest industry trend analysis, Fitch Solutions sets the coking coal price forecast for 2019 at $195/tonne. The analysts predict prices will remain elevated, with strong demand from China’s steel sector as US-China relations...

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British Columbia miners post record revenues in 2018

British Columbia miners post record revenues in 2018

British Columbia’s mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada’s latest BC Mine report. In total, BC miners...

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China to close over 1,000 unsafe mining sites in 2019 – state media

China to close over 1,000 unsafe mining sites in 2019 – state media

China aims to shut down more than 1,000 non-coal mining sites this year to preempt accidents as these production facilities do not meet the required safety standards, state-run newspaper Guangming Daily reported on Monday. Some of the mines...

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China’s Australian coking coal imports double in March from Feb

China’s Australian coking coal imports double in March from Feb

China’s imports of Australian coking coal nearly doubled in March from a month earlier, customs data showed on Thursday, as a flurry of shipments were accepted after being delayed at customs clearance for more than a month. Arrivals of...

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Teck Resources beats profit estimates on energy business

Teck Resources beats profit estimates on energy business

Canadian miner Teck Resources Ltd, the world’s second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said...

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