China Economic ReviewCustoms figures showed that in the first nine months of 2001, China exported 217,904 tonnes of primary aluminium, more than three times as much as in the same period of 2000. Its exports stood at 164,851 tonnes, a year-on-year drop of 60 per cent. A senior industry executive, speaking at a conference in Shenzhen, said […]
China has announced plans to increase gold output by 5 per cent a year over the next five years. Total output over the period 2001-05 would be 1,000 tonnes, said the State Economic and Trade Commission. The country produced 143.5 tonnes of the metal in the first 10 months of 2001, 4.4 per cent higher […]
The government has allocated Yn540m in treasury bonds to improve mining safety standards, Xinhua reported. The funds will be used to upgrade the safety systems of 81 major coal-mining enterprises. In a related move, the central government has removed the right of local governments below provincial level to licence mining operations. The measures came after […]
Around two-thirds of construction projects in China fail to meet industry standards and regulations, said the Minister of Construction, Yu Zhengsheng. Violations range from misuse of licences and unregistered developments to substandard work and shoddy materials, reported South China Morning Post. An investigation by the ministry of 274 major construction projects found that a third […]
Alcoa Inc, the world’s leading producer of aluminium, has finalised a strategic alliance with Aluminium Corporation of China (Chalco), the largest producer of primary aluminium in China. Alcoa expects the alliance to lead to a series of joint ventures in China. The first will be a proposed 50/50 joint venture at Chalco’s facility in Pingguo, […]