General Steel Holdings to Present at the 13th Annual JPMorgan Asia Pacific and Emerging Markets Equity Conference in New York

General Steel Holdings, Inc., one of China’s leading non- state owned steel products producers today announced that the Company will attend the 13th Annual JPMorgan Asia Pacific and Emerging Markets Equity Conference at the New York Marriott Marquis in New York City. Ross Warner, Director of IR, is scheduled to present at 11:00 a.m. Eastern Time (ET) on Wednesday, September 3, 2008. Participation... 

CNPC, Yanchang Petroleum to Explore for Oil in Shaanxi

China National Petroleum Corp, the country’s largest oil and gas producer, plans to set up a joint venture with Yanchang Petroleum Group to explore for oil in northwestern Shaanxi province, the official Xinhua news agency reported. Li Xiaodong, director of the Shaanxi Development and Reform Commission, was quoted as saying that the two parties each plans to maintain output from exploration at... 

Powering China’s Juggernaut: Truckers Hauling Coal

Hunched over his steering wheel, Zhu Dexiu turned the key in the ignition as the engine rumbled awake and his coal truck lurched forward. The journey lasted about 30 feet. Then Mr. Zhu switched off the engine and waited for the next flurry of driving, maybe another 20 minutes off. It was 2 p.m. His goal was to reach the inspection station here on the eastern border of Shaanxi Province by 10 p.m. All... 

China to rein in investment in coal-chemicals industry

China will soon issue new regulations to put the brakes on increasing investment in the coal-chemicals industry which has been attracting interest amid soaring oil prices, state media has reported. “Investment in coal-chemicals projects in China has shown signs of overheating — many proposed plants will face great risk in terms of both technical feasibility and capital investment if we... 

China molybdenum producer plans $1 bln HK IPO-paper

Jinduicheng Molybdenum Group, the country’s largest producer of material used to harden stainless steel and alloy, is planning to raise up to HK$8 billion (US$1.02 billion) in an IPO in November, a Hong Kong newspaper reported on Wednesday. The South China Morning Post cited market sources as saying the Shaanxi province-based company will sell 30 percent of its share capital in the IPO and will... 

China’s Shen Hua to produce 10 mln-ton coal-liquefied petroleum in 2012

Shen Hua Group Corporation Limited plans to put three liquefied coal projects into production in 2011 and 2012 with a capacity of producing 10 million tons of petroleum a year. The three projects, in Yulin city of West China’s Shaanxi Province and two in Yinchuan, capital of northwestern Ningxia Hui Autonomous Region, will each be able to produce 3.2 million tons of petroleum a year or 75,000... 

China reins in fast growth of coal-to-liquid fuel projects

China has raised the capital threshold for projects converting coal to liquid fuel to brake a possible overheating in the coal-chemical industry, as excessive development of the fossil fuel pollutes the environment and strains the water supply. On July 7, the National Development and Reform Commission (NDRC), China’s industrial watchdog, issued a circular requiring local governments to tighten... 

Shenhua seeks A shares, coal-to-oil projects-paper

China Shenhua Group will transfer more coal and oil assets to its listed arm, Shenhua Energy Co. Ltd. , and plans to float domestic A shares in three to five years, the China Securities Journal reported on Friday. The group was building eight coal liquefaction plants in four northern provinces to win 30 million tonnes of oil each year by 2020, the China Daily said in another report. The additional...