China News Direct

 
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Shanghai Tonva interim profit dropped on weak sales
(Aug 12, 2008) For the first half of 2008, Shanghai Tonva Petrochemical Co., Ltd. recorded a 17.3% decrease in profits attributable to shareholders compared to same period last year, with a total amount of RMB27.6 million and an earning per share of 3 cents. The company's sales revenue increased by 33.1% to RMB553 ...
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Henan's coal SMEs sales up 75% in 1H '08
(Aug 12, 2008) For the first half of 2008, the business income, profits and profit tax of the coal and charcoal industry in Henan all increased by more than 70% compared to the same period last year, with a particularly outstanding 97% increase in profits. As recorded in the first 6 months of ...
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China Shenhua Energy net profit up 44% in 1H '08
(Aug 08, 2008) China Shenhua Energy Co. Ltd. announced a net profit attributable to shareholders of RMB14.1 billion based on PRC accounting standard, representing an annual increase of 43.6%. Listed also in the A-share market in Shanghai, China Shenhua announced sales revenue of RMB49.28 billion for the first half of 2008, 26.8% higher ...
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Worldwide Shipping rumoured to sell its LPG fleet
(Aug 06, 2008) BW Gas is rumoured to be in talk with an unnamed buyer about selling its fleet of LPG vessels. BW Gas has its headquarters in Oslo and is controlled by Worldwide Shipping in the name of World Nordic SE. It is rumoured that BW Gas plans to sell its fleet ...
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Oakajee Port and Railway to expand ore carrying capacity
(Aug 05, 2008) Western Australia-based port and railway company Oakajee Port and Railway Transportation (OPRT) plans to top up investment in Oakajee port to boost its iron ore transportation capacity. OPRT plans to raise its investment scale in Oakajee port by 17% to enhance the iron ore carrying capacity. The enhancement requires an ...
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Zijin Mining RMB1bn to build a smelter in Qinghai
(Aug 05, 2008) Zijin Mining Group Co., Ltd. is going to build an iron ore and sulfuric acid smelting plant in Qinghai or Xinjiang. Zijing Mining has confirmed sulfuric iron ore reserve of 140 million tons in various mines. With the strong iron ore prices on the international market, Zijin Mining wants to ...
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Sinopec, Oil & Natural Gas to bid for Imperial Energy
(Aug 05, 2008) Sinopec Corp. will be one of the contenders for London-listed Imperial Energy Corp.. Merrill Lynch is the consultant of this transaction. Other companies that propose to acquire Imperial Energy include Oil & Natural Gas Corp, an Indian state's enterprise, reported Wall Street Journal. Imperial Energy announced that it received a ...
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Shandong in unprecedented power crunch this summer
(Aug 05, 2008) Power shortage in Shandong persists for months due to coal shortage and declined quality of coal. In August, power shortage in Shandong may reach its peak level. Shandong Province is now facing a once-in-a-ten-year power crunch and has put out its second power supply control in 2008. Analyst believes shortage ...
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CLP brings energy-conservation services to Shenzhen
(Aug 05, 2008) CLP Holdings Ltd. established a new energy-conservation company in Shenzhen to help Hong Kong-invested enterprises and enterprises in the Pearl River Delta Region to manage energy. CLP's energy-conservation company provides services to help enterprises reduce their energy consumption by 10-20% and their services include energy usage assessment, energy-conservation strategic planning ...
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China To Pour More Resources into Renewable Energy
(Aug 04, 2008) China was the world's second largest investor in renewable resources in 2007 with Germany on the first place. Reported by BBC, a research by an environmental organization, The Climate Group, said that in 2007, China invested some US$12 billion on renewable resources. China is expected to top the investment list ...
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