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2022
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Hot spot of the week! What are the major global mining events this week?(5.15-5.21)
Xinhua News Agency, May 15th, the 10th issue of "Seeking Truth" magazine published an important article by General Secretary Xi Jinping "Correctly Understanding and Grasping Major Theoretical and Practical Issues in my country's Development." The article points out that it is necessary to correctly understand and grasp the supply guarantee of primary products. The first is to enhance domestic resource production and security capabilities. Intensify exploration efforts, implement a new round of prospecting breakthrough strategic actions, and improve the level of development and protection of marine resources and mineral resources. The second is to give full play to the supporting role of state-owned enterprises and speed up the development and application of advanced mining technologies for oil and gas and other resources.
"Seeking Truth" magazine published an important article by General Secretary Xi Jinping, pointing out that it is necessary to strengthen the domestic resource production guarantee capacity and improve the level of mineral resource development and protection

Xinhua News AgencyOn May 15, the 10th issue of "Seeking Truth" magazine published Xi JinpingThe General Secretary's important article "Correctly Understanding and Grasping Major Theoretical and Practical Issues in China's Development". The article points out that it is necessary to correctly understand and grasp the supply guarantee of primary products. The first is to enhance domestic resource production and security capabilities. Intensify exploration efforts, implement a new round of prospecting breakthrough strategic actions, and improve the level of development and protection of marine resources and mineral resources. The second is to give full play to the supporting role of state-owned enterprises and speed up the development and application of advanced mining technologies for oil and gas and other resources. The third is to strengthen the construction of the national strategic material reserve system. Fourth, optimize the ability to guarantee overseas resources, strengthen energy and resources cooperation with relevant countries on the premise of effectively preventing foreign investment risks, and expand the rights and interests of overseas high-quality resources. In the correct understanding and grasp of carbon peak carbon neutrality, the article points out that, first, it is necessary to establish the basic national conditions of coal as the mainstay, do a good job in the clean and efficient use of coal, and increase the ability to consume new energy. Second, we should pay close attention to tackling key problems in green and low-carbon technologies and speed up the popularization and application of advanced technologies. Three is to improve energy consumptionThe "double control" system accelerates the formation of an incentive and restraint mechanism for reducing pollution and carbon reduction. Four is to do a good job of "double control" and "double carbon. The fifth is to further promote the energy revolution, promote energy consumption, supply, technology, and system reforms, strengthen international cooperation, and accelerate the construction of an energy power.
The National Development and Reform Commission proposed to increase domestic exploration and development efforts such as iron ore, accelerate the construction of mineral product bases, and enhance domestic resource guarantee capabilities

Caixin News Agency, May 17, the spokesperson of the National Development and Reform Commission, Meng Wei, said at a press conference that the National Development and Reform Commission will adhere to comprehensive policies, precise regulation and control, and do its best to ensure the supply and price of bulk commodities. One is to coal as the "anchor" to do a good job of energy supply and price stability. By improving the coal production, supply, storage and marketing system and strengthening the management of market expectations, we will guide coal prices to operate in a reasonable range and stabilize electricity prices by stabilizing coal prices. The second is to do a good job of ensuring the supply and price of mineral products. Intensify domestic exploration and development efforts such as iron ore, accelerate the construction of mineral product bases, and enhance domestic resource security capabilities. At the same time, strengthen import and export regulation, resolutely curb the blind development of high energy consumption, high emissions, and low-level projects, and promote the safe supply of important mineral products and the basic stability of prices. Third, continue to strengthen market supervision. Intensify the joint supervision of the in stock market during the period, and severely crack down on illegal activities such as fabricating and spreading price increase information, hoarding, and driving up prices.
In April, the production of raw coal, crude oil and natural gas, the main energy products of industries above designated size in China, maintained growth.

National Bureau of StatisticsOn May 16, the production of raw coal, crude oil and natural gas, the main energy products of industries above designated size in China, maintained growth in April. Compared with March, the growth rate of raw coal production has slowed down, and the production of crude oil and natural gas has remained stable. First, the rapid growth of raw coal production, imports from decline to increase. In April, my country produced 0.36 billion tons of raw coal, a year-on-year increase of 10.7 percent, and the growth rate slowed by 4.1 percentage points from the previous month. Imported 23.55 million tons of coal, up 8.4 percent from a year earlier and down 39.6 percent last month. Second, crude oil production grew steadily, and imports increased from decline. In April, my country produced 17 million tons of crude oil, an increase of 4.0 percent year-on-year, and the growth rate was 0.1 percentage points faster than the previous month. Imports of crude oil were 43.03 million tons, up 6.6 percent from a year earlier and down 14.0 percent last month.Third, natural gas production remained stable and the decline in imports expanded.In April, China produced 17.7 billion cubic meters of natural gas, an increase of 4.7 percent over the same period last year, 1.6 percentage points slower than the previous month, with an average daily output of 0.59 billion cubic meters. Imported natural gas was 8.09 million tons, down 20.3 percent from the same period last year, an increase of 12.5 percentage points over the previous month.
13 non-ferrous metal industry standards revisedProjectApproved project

China Nonferrous Metals NewsOn May 19, the Ministry of Industry and Information Technology issued the first batch of industry standard system revision and foreign language version project plan notice in 2022, and the 13 non-ferrous metal industry standard projects led by enterprises affiliated to Chinalco Group were approved. Among the 13 standards undertaken by Chinalco this time, 4 new standards have been formulated, and the standard formulation cycle is 24 months; 9 revised standards have a revision cycle of 18 months. In addition to taking the lead in the formulation and revision of 13 items, Chinalco's affiliated enterprises will also participate in the formulation and revision of 10 non-ferrous metal industry standards, including aluminum alloy plates for car bodies, residual stress test methods for aluminum alloy, petroleum coke raw materials for pre-baked anodes, and geotechnical engineering survey standards for red mud storage yards. According to statistics, there are 514 industry standards in this batch, of which 307 are formulated and 207 are revised.
Assessment studies on the impact of climate change on energy security will be carried out.

Chinese Government NetworkOn May 19, the State Council issued the ''Notice on Printing and Distributing the Outline of High-quality Meteorological Development (2022-2035) ''. The main mining-related content includes: First, carry out climate change impact assessment on water security, ecological security, energy security, etc. Research on response measures. The second is to strengthen the general survey and planning and utilization of climate resources, establish a unified system for the general survey, zoning, monitoring and information release of climate resources such as wind energy and solar energy, carry out the assessment of wind power and photovoltaic power generation development resources, and conduct a comprehensive survey and evaluation of the available wind power and photovoltaic power generation resources in the country. The third is to implement ecological meteorological guarantee projects, strengthen the construction of major projects for the protection and restoration of important ecosystems, the control of ecological protection red lines, and the evaluation and assessment of ecological civilization construction goals.
The United States and Canada will strengthen cooperation in key minerals, clean energy and other fields

Natural Resources Canada websiteOn May 18, the Minister of Natural Resources of Canada said at the hearing of the US Senate Energy and Natural Resources Committee that the United States and Canada have carried out in-depth cooperation in the energy field, and 60% of the oil and 93% of the electricity imports of the United States come from Canada. In the next stage, the two countries will cooperate in low-carbon energy transformation, including: first, key mineral fields, from mine development to mineral product processing, to manufacturing and recycling; second, clean hydrogen, for the transportation of the two countries The industry, industry and household life provide fuel; the third is the production of renewable energy and the transmission of clean electricity across borders; the fourth is nuclear technology-including small modular reactors; five is in addition to carbon solutions. It is also noted that the United States and Canada will expand their exports of hydrocarbons to Europe in the near future,to ensure that Europe can wean itself off its dependence on Russian oil and gas in the short term.
Financing for global junior and intermediate mining companies fell 57% month-on-month to $0.924 billion in April, while financing for gold, copper, lithium, diamonds and other minerals fell sharply.

S & P Global Market IntelligenceOn May 17, in April, financing for global junior and intermediate mining companies fell 57% month-on-month to $0.924 billion, the second lowest amount in 23 months, with the number of transactions falling to 210 from 216 in March. Among them, gold, copper, lithium, diamonds, silver and other minerals financing fell sharply, nickel, graphite, rare earth and other financing has increased significantly. Specifically, gold financing fell 71% to $0.351 billion in April, copper financing fell 76% to $0.105 billion, lithium financing fell 55% to $86 million, diamond financing fell 92% to $5 million, and silver fell 70% to $32 million. The main minerals of financing growth include: nickel financing increased by 11% to US $98 million, zinc financing increased by 1.59 to US $20 million, and graphite and rare earth financing increased nearly 7 times to US $0.126 billion and US $56 million respectively.
European gas prices fall as EU draws up new Gazprom payment plan

BloombergOn May 16, the European Union is drafting a plan to provide European energy companies with a payment method for the purchase of Russian natural gas, so as to pay in rubles without violating sanctions and comply with Russian President Vladimir Putin's "ruble order" requirements. It is reported that the EU's new guidance plan will allow European gas importers to open an account in the Russian Gazprombank and pay in euros or US dollars, which will then be converted into rubles by the bank. This payment method is legally reasonable. At present, 20 European gas buyers have opened accounts with Gazprombank banks at Putin's request. The plan is supported by countries such as Germany, Hungary, Italy and France. It is reported that the plan drafted by the European Union led to the European gas prices for two consecutive days lower. TTF reference loadLan Natural Gas FuturesIt fell nearly 3 percent on May 16 and 9.2 percent on Friday.
Affected by the conflict between Russia and Ukraine, BHP Billiton willFirst production date of Jansen potash mine advanced to 2026

Mining.com, May 19, BHP Billiton said that due to the huge impact of the Russian-Ukrainian conflict on global fertilizer supply, the company plans to accelerate the implementation of the US $5.7 billion Jansen potash project in Canada, and the first production will be advanced to 2026. It is reported that BHP Billiton decided last year to invest US $5.7 billion in the Jansen potash mine in northern Saskatchewan, Canada, and plans to start production in 2027. The Jansen mine will be developed in four stages, with the first stage expected to produce about 4.2 million tons of potash fertilizer per year and the second stage expected to increase by 4 million tons per year. The potash fertilizer production in the whole mining stage will account for about 25% of the current global potash fertilizer demand.
Southeast Asia or become a major supplier of global energy transition and manufacturer of clean energy products

International Energy Agency websiteOn May 18, the International Energy Agency (IEA) released the "Southeast Asia Energy Outlook 2022", stating that Southeast Asia will become a major supplier and manufacturer of clean energy products in the global energy transition. The report pointed out that Southeast Asia is an important emerging force in the global clean energy transition, of which Indonesia and the Philippines are the world's two largest nickel producers, Indonesia and Myanmar are the second and third largest tin producers, Myanmar accounts for 13% of global rare earth production, Southeast Asia also provides 6% of the world's bauxite. However, investment in mineral exploration has declined in recent years, with Southeast Asia's share of the global mineral exploration budget halved since 2012. For this reason, the report believes that ASEAN member countries should explore their own potential in the growing new energy industry.A clear commitment to the deployment of low-carbon energy and improved regulatory and financing frameworks to reduce mining financing costs and attract private investors.
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