China News Direct

 
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Wing Shing taps Japan as its large energy export market
(Aug 27, 2007) As soon as Hong Kong's plant manufacturer, Wing Shing International Holdings Ltd., had become a resource stock, it took a promotion tour to Japan. The company targets the island country's thirst for energy as the third largest oil importer. Wing Shing International is developing an oil field in Qiqihar in ...
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Zhaojin Mining purchases 10 goldmines with RMB20.9m
(Aug 27, 2007) Zhaojin Mining Industry Company Limited, a major gold producer in China, has entered into an agreement with Shanghai Fosun Technology to fully acquire Xinjiang Xingta Mining Co. Ltd. with RMB20.9 million. Xinjiang Xingta Mining is primarily engaged in gold smelting, processing and sale. Its smelting plant is under construction in ...
Price: USD $17.50
 
   
Huadian Power seeks strategic partners to stabilize coal supply
(Aug 27, 2007) Huadian Power International Company Limited (HDPI) announced a 1.3% increase in interim profit due to the rise in price of coal and financial expense in 2007. It will seek strategic cooperation with coal mine enterprises in China to solve the cost problem. HDPI's productions from five engine generators in the ...
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India demands gold of 810 tonnes
(Aug 27, 2007) GFMC, an Indian gold trader, estimates India's gold import to gross 810 tonnes in 2007, exceeding last year's 740 tonnes. India is the world's largest gold importer, trailed by Turkey and Russia. In the first half of 2007, India's demand for gold amounted to 528 tonnes. GFMC's estimation does not ...
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Government revises law to curb serious water pollution
(Aug 27, 2007) China's National People's Congress (NPC) is revising its anti-water pollution law to curb the country's water deterioration. Zhou Shengxian, head of the State Environmental Protection Administration of China, named four reasons for the revision. First, half of China's urban underground water is polluted. Above ground, 27% of the seven major ...
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Hunan Nonferrous Metals doubled loans to RMB1.45 billion
(Aug 27, 2007) Hunan Nonferrous Metals Corporation Limited (HNC) announced its interim sales revenue increased by almost 40% to RMB11.3 billion and profit increased by 0.59% to RMB302 million in 2007. HNC's production in zinc increased by 10.15%, lead by 2.36%, antimony 15.35%, cemented carbides 20.99% and Bismuth 31.64%. Increase in price of ...
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Dalian Port to focus on transshipment service to raise profit
(Aug 27, 2007) Dalian Port Company Limited (DPA) announced an unaudited 2007 interim report. It made net profit of RMB314 million, which was decreased by 16.1% compared with the first half 2006. DPA will target transshipment business of international bonded petroleum in the second half of 2007. The transshipment amount of international petroleum ...
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Sinopec forecasts pressure on oil refinery and sale in late 2007
(Aug 27, 2007) China Petroleum & Chemical Corporation (Sinopec) expects to see more pressure on its oil refinery and commodity oil sale due to the high international crude oil prices. Sinopec recorded a net profit of RMB36.2 billion in the first half of 2007, up by 65.5% from the same period last year. ...
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Hunan Nonferrous Metals planning more acquisition
(Aug 27, 2007) Hunan Nonferrous Metals Corporation Limited (HNC) will seek more cooperation opportunities with its parent company. The two groups plan to team up for acquisition of ore resources. HNC will focus on enhancing inner control of the company, reducing costs and improving resources allocation to increase its competitiveness. It raised fund ...
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Russia invites Chinese firms to its pillar industries
(Aug 25, 2007) Russia encourages China to increase investment cooperation and create mutual benefit for each other. Russia believes cooperation with China can strengthen their energy and timber-processing industries. The investments will be mutually beneficial to both parties in the long run. In the timber industry, Khabarovsk owns prosperous natural resources. It exports ...
Price: USD $17.50