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Mining & Energy

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China defends curbs on rare earths


China on Wednesday defended its export curbs on rare earths used in high-tech products as an environmental measure and rejected a World Trade Organisation challenge by the United States, Europe and Japan. A Cabinet official rejected complaints Beijing is using the environment as an excuse to support fledgling Chinese producers of lightweight magnets and other … Continue reading

Iran cancels $2 billion dam deal with China


Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, Chinese state media said on Thursday, a move that risks upsetting Beijing, one of Tehran’s most important economic and political allies. Iranian President Mahmoud Ahmadinejad is due to visit China next week for a security … Continue reading

Chinese wind towers hit with U.S. tariffs


The United States imposed preliminary duties as high as 26 percent on a second clean-energy product from China on Wednesday, this time hitting the tall steel towers used to harvest power from the wind. The decision by the U.S. Commerce Department is a victory for the Wind Tower Trade Coalition, a group of U.S. producers … Continue reading

China’s energy investment only for the brave


Private investors with the money and technology to unlock China’s vast pools of shale and coal seam gas will need strong stomachs to brave the unpredictable, unsupported and unregulated sector. China, the world’s largest energy user, signalled last week it wanted to draw more private investment into its energy sector as part of a plan … Continue reading

Frictions in The South China Sea: China’s Strategic Mistake


On the eastern side of the Eurasian continent, the Chinese economy is overheated and too-well integrated in the petrodollar system. Beijing, presently, cannot contemplate or afford to allocate any resources in a search for an alternative. The Chinese economy is low-wage- and labour-intensive. Chinese revenues are heavily dependent on exports and Chinese reserves are predominantly … Continue reading

China to exclude foreign firms in shale gas tender


China will exclude foreign firms from bidding in its second tender for shale gas blocks, despite a need for overseas technology to help exploit massive reserves of gas trapped within shale rock formations in the world’s top energy user. China launched its shale gas push in late 2009, inspired by a shale boom in the … Continue reading

Conservation, reduction in energy use is missing


China has an impressive plan to become more sustainable as can be seen from the draft report China’s National Energy Strategy and Reform. In this report the word conservation is mentioned 76 times and yet not once with regard to real implementation or the reduction of building new power plants or coal and petroleum use … Continue reading

China gas reforms spark investment boom


China’s big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital – and making gas the hottest prospect for energy investment in the world’s top energy consumer. The prospects for expansion and acquisitions also have China’s natural gas distributors trading like growth stocks, instead … Continue reading

AES to sell most of China assets for $134 million


Power company AES Corp will sell a majority of its businesses in China for a total of $134 million, as it is unable to pass on higher coal costs in a state-regulated industry. The sale of about 2,727 MW gross capacity of the plants is expected to close by the second half of 2012, the … Continue reading

Shell, PetroChina JV Australia LNG faces big cost overrun


The cost of Royal Dutch Shell and PetroChina‘s Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project said on Friday. Arrow LNG is one of four on Australia‘s east coast that aim to pump gas from … Continue reading

Japan, Kazakhstan to develop rare earth metals


Japan and Kazakhstan plan to sign an agreement to jointly develop rare earth metals critical to electronics and auto makers, aiming to lower dependence on China, the Asahi Shimbun daily said on Sunday. Japan’s Trade Minister Yukio Edano will meet Kazakh government officials, including President Nursultan Nazarbayev, to sign the agreement in early May, making … Continue reading

Rare earths industry targets illegal players


Fears over a global shortage of precious rare earths metals are mounting, as production in China slows amid a national crackdown on illegal miners. This month 155 rare earths businesses, almost all on the mainland, launched a national industry association, after the United States, the European Union and Japan filed a complaint in March to … Continue reading

Petrobras, Vale eye rare earths deal to replace China


Brazil’s state-run oil company Petrobras and mining giant Vale are in talks over a rare earths deal that would allow Vale to replace China as Petrobras’ supplier of lanthanum oxide for oil refining, sources close to the negotiations said. The deal is part of a series of recent ventures involving Brazil’s two biggest companies, which … Continue reading

China establishes rare earth association


China on Sunday established a rare earth industry association in a bid to clean up an industry that has come under fire internationally for violating trade rules, Reuters reported, quoting state media. Su Bo, vice minister of industry and information technology, said the association aims to clean up the rare earth industry by kicking out … Continue reading

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