A senior Indonesian energy and mining official revealed last week that Chinese oil giants plan to invest as much as $14 billion in the southeast Asian country’s oil and gas exploration sectors, state media reported last Friday.
Chinese investment interest in the country has arisen alongside increased interest from South Korea, Waryono Karno, the secretary-general [...]
China-owned Sinosteel Corporation Group has extended a sales agreement for 1.6 million tonnes of iron ore with Midwest Corporation Ltd to March 31, 2009, the West Perth-based company announced today.
The full text of a Midwest announcement is pasted below
Midwest Corporation Limited (”Midwest”) is pleased to announce that the Sinosteel Corporation Group (”Sinosteel”) has extended its [...]
Preparation for building a 10-million-ton iron and steel production base is well under way in Fangcheng Port in the Guangxi Zhuang Autonomous Region in South China.
The Wuhan Iron and Steel (Group) Corporation in Central China’s Hubei Province and the Liuzhou Iron and Steel (Group) Corporation in Guangxi are building the project jointly with an investment [...]
China Holdings has bought the 72MW Chalinhe hydro plant on the Lishui river in Hunan province, China, through the purchase of Hunan Zhangjiajie Chalinhe Electric Power Co.
Financing and terms of the acquisition were not immediately disclosed. The purchase was made via China Holdings’ subsidiary China Power, and Hunan Zhangjiajie Chalinhe Electric Power Co wholly-owned the [...]
Macao’s exports saw a year-on-year drop of 10.8 percent while imports saw a year-on-year rise of 9.5 percent in June, according to official statistics issued on Monday.
The figures released by the government-run Statistics and Census Services (SCS) showed that textile and garment exports, which accounted for 63.4 percent of Macao’s total export [...]
Wuhan Iron & Steel Corp, China’s No 5 steel mill based on 2006 production, will buy the smaller competitor Kunming Iron & Steel Group, a much-needed move for the country’s mammoth but fragmented steel sector.
The company, based in the central city of Wuhan, will announce a deal tomorrow to acquire Kunming, which is based in [...]
