China News Direct

 
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Shenhua Energy may acquire PT ADARO Indonesia
(Nov 27, 2007) China Shenhua Energy Company is rumoured to acquire the controlling stake of Indonesia's second largest coal manufacturer PT ADARO Indonesia for US$4 billion. According to South China Market Post, market source says Shenhua Energy may acquire the controlling stake of PT ADARO Indonesia, which stops PT ADARO Indonesia to issue ...
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Iron and Steel Association sees need to restructure
(Nov 27, 2007) The China Iron and Steel Association (CISA) urges the State Council of China to speed up the restructuring of steel enterprises in China to create global giants. Luo Bingsheng, Executive Vice-Chairman and Secretary of CISA, suggests the Chinese central government to make good use of the might of China's four ...
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CITIC Pacific to expand iron, steel, gas and recycling businesses
(Nov 27, 2007) CITIC Pacific will further develop its businesses in iron, steel, gas and recycling in the coming future. CITIC Pacific Limited plans to inject AUD5.2 billion for investing in iron and steel in Pilbara of Western Australia. Construction of production facilities will start in 2008. The company expects that the production ...
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Shanghai gas stations to upgrade anti-explosion power
(Nov 27, 2007) Shanghai has 18 gas stations and fuel gas refilled stations that have completed the HAN anti-explosion and prevention technology upgrade. They are the first batch of gas stations to install the technology to prevent explosion at gas stations. Shanghai has about 800 gas stations and fuel gas refilled stations. Most ...
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China Investment Corp and Steel Association deny Rio Tinto take-over
(Nov 27, 2007) A spokesperson of China Investment Corporation (CIC) and a representative from China Iron & Steel Association (CISA) deny the rumour that CIC cooperates with several mainland iron and steel enterprises to buy Rio Tinto for US$200 billion. Since November, after it is rumoured that BHP Billiton plans to buy Rio ...
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Guangdong Nuclear Power and EDF to form joint venture in Guangdong
(Nov 27, 2007) To further strengthen industrial relations, China and France will cooperate in a series of nuclear power projects in the coming future. China Guangdong Nuclear Power Group and France's EDF, electricity supplier for major businesses and local authorities, will form Taishan Nuclear Power Joint Company Limited in Guangdong province. The two ...
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Guangdong Nuclear Power and AREVA in EUR8bn projects
(Nov 27, 2007) China and France yesterday signed agreements worth a total of US$30 billion for cooperating in different areas including aviation, nuclear power and telecommunications. China Guangdong Nuclear Power Group and France's AREVA, the world's expert in nuclear power generation and technology, will spend EUR8 billion on a number of civil nuclear ...
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Jiangxi starts RMB200mn pumping reconstruction work
(Nov 26, 2007) According to provincial government information, Jiangxi province of China recently approved an investment plan on large scale floodwater pumping station construction. The approval signifies that the overall 200-million-yuan reconstruction work is entering the implementation stage. Government officials say the pumping station plan alone costs RMB5 million. The money will be ...
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Intense diesel shortage alleviated in Kunming
(Nov 26, 2007) To tackle intense diesel oil shortage, the Kunming municipal government seeks help from senior government departments to increase oil supply to the city. The move aims at guaranteeing oil supply for key construction works and domestics use. Sinopec Kunming and PetroChina Dianzhong increase oil supply and 68 oil stations in ...
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Four electric motor firms from Fujian may list overseas
(Nov 26, 2007) Ningde city in the Chinese province of Fujian plans to support 3 to 4 electric machinery manufacturers to list on overseas markets. Electric machinery is a key industry in Fujian. The production value of the industry in Ningde is over RMB8 billion each year and accounts for one fourth of ...
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