China will strengthen cooperation with Pacific island countries in mineral energy, new energy and other fields

Chinese Government NetworkOn June 6, State Councilor and Foreign Minister Wang Yi accepted an interview with the central media after concluding his visit to the Pacific Island. The main mining-related contents are as follows: first, China will give full play to its advantages in the field of new energy and renewable energy to help island countries promote green and low-carbon transformation. Second, China will actively respond to the aspirations of island countries to expand cooperation with China in the fields of mineral energy, trade and investment, expand market access to island countries, and help island countries better share the dividends of the Chinese market.

From January to May, China's crude oil, coal and natural gas imports fell, while iron ore imports fell.

General Administration of Customs websiteOn June 9, according to customs statistics, in the first five months of this year, the import volume of crude oil, coal, natural gas, etc. decreased in price, while the import volume and price of iron ore fell. Specifically, from January to May, my country imported 0.217 billion tons of crude oil, a decrease of 1.7 percent, and the average import price was 4463 yuan per ton, an increase of 55.6 percent; coal 95.955 million tons, a decrease of 13.6 percent, and the average import price was 1018.2 yuan per ton, an increase of 105.3%; natural gas 44.911 million tons, a decrease of 9.3 percent, and the average import price was 3815.3 yuan per ton, an increase of 70.3 percent. Over the same period, imports of iron ore 0.447 billion tons, down 5.1 per cent, the average import price of 789.6 yuan per ton, down 28.1 per cent.

Key cities in the old revolutionary base areas will expand and strengthen characteristic industries such as clean energy and non-ferrous metals.

National Development and Reform Commission websiteOn June 7th, the National Development and Reform Commission issued the "Work Plan for Counterpart Cooperation in Key Cities in Old Revolutionary Areas". The main mining-related contents are: First, combined with counterpart cooperation, actively support key cities in old revolutionary areas to upgrade energy, water conservancy and other infrastructure projects. Second, on the basis of protecting the ecology, we should support the old revolutionary base areas to make use of coal mining subsidence areas, open-pit mine dump, and shut down mining areas to build wind power and solar power generation bases according to local conditions. The third is to combine counterpart cooperation and actively support key cities in old revolutionary areas to expand and strengthen characteristic industries such as clean energy and non-ferrous metal industry.

Gansu province to promote the resolution of 112 mine shutdown problem

Ministry of Natural Resources websiteOn June 6, Gansu Province issued the "help mining enterprises to relieve difficulties and accelerate the resumption of work and production work plan", to promote the resolution of 112 mines to stop production problems, speed up the development of mineral resources, and promote enterprises to resume work and production as soon as possible. The plan proposes: First, the province's mine resumption rate should reach 30% by the end of June, 50% by the end of September, and strive to resume all work and production by the end of December. The second is to focus on coal, gold, iron and other advantageous minerals in Gansu Province, and increase the protection of mineral products. Third, the Gansu Provincial Department of Natural Resources is responsible for guiding enterprises to handle reserve verification, "three-in-one" plan review, mining rights transfer income assessment and disposal, etc. The Gansu Provincial Forestry and Grassland Bureau and the municipal and county governments are responsible for coordinating enterprises to verify mining rights and nature reserves. Location relationship, nature reserve integrationoptimization and other work. The fourth is to standardize the resource development behavior of enterprises. For those who do not start construction or production for a long time, the city and county governments will conduct interviews, put forward rectification requirements and make rectification within a time limit; for those who fail to perform legal obligations and refuse to make rectification without justifiable reasons, the mining license expires No longer apply for renewal registration.

Fujian Province further strengthens the protection and rational development and utilization of mineral resources, and standardizes the supervision and management of mineral resources.

Fujian Provincial People's Government WebsiteJune 7, in order to strengthen the protection and rational development and utilization of mineral resources, and standardize the supervision and management of mineral resources, the Fujian Provincial people's Government issued the measures for the Supervision and Administration of Mineral Resources in Fujian Province. The measures further clarify the illegal exploration of mineral resources, illegal mining of mineral resources, failure to fulfill the obligations of mine geological environment protection and land reclamation, forgery of geological data, or fraud in the exchange of geological data. At the same time, the measures require that, first, it is forbidden to illegally exploit sand and gravel resources in the name of temporary land use, temporary borrow points, land consolidation, engineering construction, ecological restoration, and geological disaster control. Second, the mining right holder shall take reasonable measures to safeguard the legitimate rights and interests within the mining area, and if it is found that others are exploring or mining within the mining area, it shall be stopped in time and sent to the local township.(town) people's government, sub-district office and county-level people's government natural resources department report.

Annual Global Energy Efficiency Conference held to address high energy prices, enhance energy security and address climate change

International Energy Agency websiteOn June 8, the International Energy Agency (IEA) held its 7th Annual Global Energy Efficiency Conference, which was attended by more than 20 energy and climate ministers from around the world. The meeting focused on how to quickly take measures to improve energy efficiency, reduce dependence on fossil fuels, and promote climate goals. At the meeting, the International Energy Agency (IEA) released a new analysis and highlighted the importance of energy efficiency and energy conservation to address high energy prices, enhance energy security and combat climate change. Energy efficiency is a key solution to many of the world's most pressing challenges. Doubling the current global energy intensity to 4% per year could reduce energy consumption by 95 EJ per year for nearly 10 years. At the same time, the International Energy Agency predicts that by 2030aboutOne-third of the energy demand will come from deploying more efficient equipment, and about one-fifth of the energy demand will come from electrification, such as switching to heat pumps or electric vehicles.

Standard & Poor's Global Market Intelligence, June 7, the world's 15 major gold producers in the first quarter of this year, a total of 7.7 million ounces of gold production, down only 0.3 percent year-on-year, about 7.9 percent lower than in the fourth quarter of 2021. The two largest gold miners by output were Newmont Corp. and Barrick Gold Corp., which produced 1.34 million and 990000 ounces of gold, down 16.9 percent and 17.7 percent, respectively. The main reasons for the decline in production are epidemics, geopolitical and economic conflicts. It is worth noting that South Africa's Gold Fields Mining Company (Gold Fields Ltd.) produced 580000 ounces of gold in the first quarter, ranking fifth, but the company announced the acquisition of Canada's Yamana Gold (Yamana Gold Inc.) on May 31. If Yamana's gold production is added, the company's total gold production in the first quarter will jump to the third place. In addition, in percentage terms, the third largest producer with the largest month-on-month increase in production was Canada's Eagle Mines (Agnico Eagle Mines Ltd.), which produced 660000 ounces of gold in the first quarter, up 31.6 percent from the previous quarter. The biggest drop in production was Canada's B2 Gold Corp. (B2Gold Corp.), down 31.3 percent from the previous quarter (as aboveFigure).