Energy & Resources « Week In China

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Energy & Resources

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Sha Steel to take over debt-ridden state rival
Jul 21, 2017 (WiC 375)

The timing could hardly have been worse. Just days before it was due to begin trade and investment talks with the US as part of the two countries’ newly-formed Comprehensive Economic Dialogue, Beijing announced record steel production occurred ...

Why a California mine has put Trump’s China policy to the test
Jul 7, 2017 (WiC 373)

“The Middle East has oil, while China has rare earth.” We first cited that Deng Xiaoping quote in April 2009, and we suspect that for many readers at the time the significance of these metallic elements – essential for the manufacture of ...

Chinese bid for Australian coal asset challenged by rival Glencore offer
Jun 23, 2017 (WiC 371)

The commodities giant Glencore has been described in many ways in its time, not least as clandestine, controversial and filthy rich. But one identifier that Glencore’s boss Ivan Glasenberg won’t have heard before is a comparison to a sixth ...

India counts on Chinese demand for Carmichael mine
May 5, 2017 (WiC 364)

What could stand in the way of a $20 billion Indian-owned coal mine in Australia? The answer is China’s domestic coal policies. In the third quarter of last year coal prices began to rally. Australian miners – some of whose mines were ...

Yanzhou Coal seals landmark deal for Rio Tinto’s Australian coal assets
May 5, 2017 (WiC 364)

When Yanzhou Coal put together its bid for Rio Tinto’s Australian coal assets in 2016, it code-named the project “Monkey King” in honour of the hero of China’s classic novel Journey to the West. It was an apt title for a deal struck just ...

Does miner Shenhua’s special dividend signal next wave of SOE reform?
Mar 31, 2017 (WiC 360)

China’s capital city has just closed its last coal-fired power station, a plant that burned 1.76 million tonnes of coal a year, according to Xinhua. Critics of Beijing’s smog say that power generation is simply being moved to nearby areas, ...

Will lithium drive next Aussie resource boom?
Mar 24, 2017 (WiC 359)

China’s quest for iron ore resources in Australia has long been a bumpy road. Citic Group, for example, has yet to make any profit from its hefty investment in an iron ore mine in 2006, which has so far run up $4.5 billion in provisions. Other ...

Short-sellers question Hongqiao’s vastly superior performance to Chalco
Mar 17, 2017 (WiC 358)

Aluminum Corp of China (Chalco) is one of the worst-performing state firms of recent times. Over the five financial years between 2011 and 2015, it ran up Rmb22 billion ($3.3 billion) of red ink. By comparison, its private sector rival China ...

The powerful connections of China’s most mysterious oil baron
Jan 6, 2017 (WiC 350)

Regina Ip, a Hong Kong politician known locally as the “Iron Lady”, is campaigning to become the territory’s top official in March. But what does she have in common with Czech President Milos Zeman? Well, both have appointed Ye ...

Indebted Sinosteel gets equity lifeline as sector shows signs of recovery
Sep 30, 2016 (WiC 341)

At the G20 meeting in Hangzhou at the start of September, world leaders took turns to press the Chinese to make cuts in their steel capacity. Xi Jinping responded by reaffirming his target of bringing down output by 100 to 150 million metric ...

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