On the 29th reporter from the China Coal Industry Association that for the first four months of this year, national coal production growth and coal fixed asset investment growth is both negative: for the first four months, the national output was 1.15 billion tons of coal, down 23 million tons (2%); for the first four months, the coal investment fell 6.6%.
Jiangxi Provincial Bureau of Geology and Mineral Resources, announced recently a world-class tungsten mine was discovered in Northeastern Jiangxi”s Fuliang County. Based on the current calculation, the amount of tungsten copper mixture has more than 100 million tons. This is the second discovery of world-class tungsten mine since 2010 in Jiangxi Province. Thus, Jiangxi as the “world tungsten capital” will be enhanced further.
After five years of exploration and evaluation, the Xinjiang Geology and Mineral Resources department recently announced the discovery of a large gold mine in the Ili River Valley which is located in the northwest border of the Xinjiang Province. It is reported that the new gold mine may have a gold reserves of 53 tons, and the output is expected to reach hundreds of tons in the long-term, the potential economic value of the mine reaches 200 billion yuan(US $32 billion).
According to the latest news of the Sichuan Provincial Government website, a coal mine gas accident happened in the Luding County of Luzhou City. A total of 81 people were rescued (5 seriously injured and 11 people slightly injured), 27 people were killed. Rescue team has been sent and case is currently under investigation.
The recent ICIS data showed that, for the first quarter of this year, the amount of diesel exports achieved a record high with the cumulative export diesel reaching 105 million tons, a year-on-year growth of 368%; Over the same period, the China exported a total of 115 million tons of gasoline, a year-on-year growth of 14%.
According to Wind statistics, among the Chinese companies that have released their 2012 annual reports, excluding banks and other financial listed companies, in term of liabilities China National Petroleum Corporation (CNPC) led the other listed companies with a total debt of 988.148 billion yuan (US $158.1 billion), followed by another large oil enterprise China Petrochemical Corporation (Sinopec), of which the total liability amounted to 718.7 billion yuan (US $114.99 billion).