Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.
NANNING, Dec. 27 (Xinhua) -- China Shenhua Group Co. Ltd., the country's largest coal producer, has signed an agreement to build Asia's largest thermal power project in southern Guangxi Zhuang autonomous region.
The head of research for China's Central Banl says that the country should buy gold as the only safe place for risk averse investors when other assets are losing value
China has set the first tranche of rare earths export quotas for 2012 with more in reserve for firms that have not yet passed inspections. The biggest producer Baotou Rare Earth is still awaiting environmental approval
FLSmidth has been awarded a contract worth approximately USD 105m (approximately DKK 600m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.
The discovery of a massive new coal reserve in Xinjiang Uygur is hoped will help meet China's coal requirements, which are set to grow to 1 gigaton during the 12th 5-year plan.
Tens of thousands of residents from Haimen, China, who protested the construction of a coal-fired power plant earlier this week, are now being arrested.