Latest developments

05

2022

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07

Hot spot of the week! What are the major global mining events this week?

The main mining-related contents are as follows: first, by 2025, the energy efficiency of key products in iron and steel, petrochemical, non-ferrous metals and other industries should reach the international advanced level, and the energy consumption per unit added value of industries above scale will be reduced by 13.5 compared with 2020. Second, we should deeply tap the energy-saving potential of iron and steel, petrochemical, non-ferrous metals and other industries, promote the upgrading of technology and process in an orderly manner, promote the level of energy efficiency, and achieve steady improvement of industry energy efficiency. The third is to accelerate the innovation and upgrading of key materials such as high-performance magnet wire, rare earth permanent magnet, high magnetic induction and low loss cold-rolled silicon steel sheet. Fourth, in accordance with the principle of "gas-based reform" to promote industrial coal-fired natural gas substitution in an orderly manner.


0 1

Six departments issued documents to promote the technological upgrading of steel, petrochemical, chemical, non-ferrous metals and other industries

IMPORTANT NEWS

On June 26, the website of the Ministry of industry and information technology, the Ministry of industry and information technology, the national development and Reform Commission and other six departments issued the action plan for improving industrial energy efficiency.
The main mining-related contents are as follows: first, by 2025, the energy efficiency of key products in iron and steel, petrochemical, non-ferrous metals and other industries should reach the international advanced level, and the energy consumption per unit added value of industries above scale will be reduced by 13.5 compared with 2020. Second, we should deeply tap the energy-saving potential of iron and steel, petrochemical, non-ferrous metals and other industries, promote the upgrading of technology and process in an orderly manner, promote the level of energy efficiency, and achieve steady improvement of industry energy efficiency. The third is to accelerate the innovation and upgrading of key materials such as high-performance magnet wire, rare earth permanent magnet, high magnetic induction and low loss cold-rolled silicon steel sheet. Fourth, in accordance with the principle of "gas-based reform" to promote industrial coal-fired natural gas substitution in an orderly manner.

 

0 2

From January to May, the national mining industry realized a total profit of 708.27 billion billion yuan, up 1.31 times year on year.

IMPORTANT NEWS

The website of the National Bureau of Statistics reported on June 27 that the National Bureau of Statistics announced the operation of industrial enterprises above designated size across the country from January to May. Among them, the mining industry achieved a total profit of 708.27 billion billion yuan from January to May, a year-on-year increase of 1.31 times. Coal, oil and other energy industry profits continue to grow exponentially.
Specifically, from January to May, the main mining-related industries with a year-on-year increase in total profits are: coal mining and washing industry total profits increased by 1.75 times year-on-year, oil and natural gas mining industry increased by 1.35 times, and non-ferrous metal smelting and rolling processing industry increased by 26.6%. From January to May, total profits fell year-on-year in the non-metallic mineral products industry by 3.3 per cent, the oil, coal and other fuel processing industries by 29.6 per cent, and the ferrous metal smelting and rolling processing industry by 64.2 per cent.
The analysis pointed out that in May, my country's energy supply guarantee policy was implemented in depth, and the output of energy products maintained rapid growth. In addition, the high price operation drove the profits of the coal, oil and natural gas extraction industries to increase by 1.16 times and 1.26 times respectively year-on-year. The two industries combined to drive The profits of industrial enterprises above designated size increased by 9.5 percentage points.

 

0 3

Shandong will implement special list management for strategic mineral resources protection areas and other key areas

IMPORTANT NEWS

China Environment News, June 30, the General Office of the Shandong Provincial Party Committee and the General Office of the Provincial Government issued the "Outline of the Beautiful Shandong Construction Plan (2021-2035)". The main mining-related content includes: First, the nature reserves and strategic minerals Implement special list management in key areas such as resource protection areas, resource-exhausted cities, and traditional industrial and mining cities. The second is to focus on energy, industry, urban and rural construction and other fields, as well as steel, non-ferrous metals, petrochemical and chemical industries, to formulate a carbon peak implementation plan for Shandong Province. The third is to accelerate the pace of coal reduction, implement renewable energy substitution actions, and strictly control the growth of coal consumption under the premise of ensuring energy security. The fourth is to promote the optimization and integration of petrochemical, chemical and other industries, and promote the green transformation and upgrading of key industries such as energy, steel, coking, and building materials. Fifth, vigorously develop new and renewable energy sources and build a clean, low-carbon, safe and efficient modern energy system. The sixth is to strengthen the comprehensive management of the mountain geological environment, carry out comprehensive environmental management and ecological restoration of damaged mountains, open-pit mines, abandoned mines and coal mining subsidence areas, continue to promote the construction of green mines, and carry out pollution control and ecological restoration pilot projects in the Yellow River Basin Demonstration. Seven is strictly surface water, groundwater pollution prevention and control. Eighth, the establishment of soil pollution status investigation, soil pollution risk control and soil remediation activities throughout the life cycle of environmental supervision system, strengthen soil and groundwater pollution prevention and control. Nine is to promote heavy metals and tailings pollution control.

 

04

Heilongjiang Provincial Government Releases Industrial Revitalization Action Plan, Involving Shale Oil Development, New Energy Industry, etc.

IMPORTANT NEWS

Heilongjiang Daily, June 27th, the Heilongjiang Provincial Government issued the ''Heilongjiang Provincial People's Government on Printing and Distributing the Heilongjiang Provincial Industrial Revitalization Action Plan (2022-2026) ''. The main mining-related content includes: First, the Harbin-Daqi National Independent Innovation Demonstration Zone As a guide, promote the cluster development of shale oil development, petrochemicals, heavy equipment, new energy vehicles, and metal-based new materials. The second is to focus on the Haya area, promote the accelerated release of high-quality coal production capacity, cultivate new energy industries, build a deep processing base for new graphite materials, and create a transformation and development zone for coal resource-based cities. It is also reported that in order to fully implement the "Industrial Revitalization Action Plan" of Heilongjiang Province, the Heilongjiang Provincial Department of Natural Resources issued the "Policies and Measures to Support Stable Growth and Help Industrial Revitalization", and proposed: First, promote the continuation and retention of prospecting rights and other approval authority delegated. The second is to support the use of existing industrial and mining enterprises to carry out ice and snow tourism activities. Third, the new cultivated land for projects such as industrial and mining wasteland consolidation and comprehensive land consolidation can be used as a priority for cross-regional supplementary cultivated land index transactions after acceptance and approval.

 

05

The 6th 2022 International Mining Rights Information Exchange Conference was held in Xi'an on July 7

IMPORTANT NEWS

China Nonferrous Network, June 29, the 6th 2022 International Mining Rights Information Exchange Conference will be held in Xi'an from July 7 to 8. With the theme of "resources first, green development", the conference mainly includes nine topics: the progress of the mining situation in the 14th five-year Plan, the investment environment of the international market for mining rights, the operation of the capital market for mining rights, the interpretation of the latest policies and regulations for mining rights, green mining and intelligent mine management, mine environmental protection and ecological restoration, efficient development and utilization of mine resources, global market prospects for mineral products, and legal risk avoidance and control of mining rights transactions. The conference will focus on solving the problems of mismatch of investment and financing information, blocked channels and long transaction cycle through keynote speeches, mining rights project roadshows, theme salon dialogues, exhibitions and other means, so as to help mining enterprises carry out cooperation and exchange.

 

06

PDAC 2022 Online Conference: Future geological surveys will play an important role in the exploration and development of key minerals

IMPORTANT NEWS

MingingWeekly6, 29-At the PDAC2022(2022 Canadian Association of Exploration and Developers Annual Meeting) online meeting held on June 28, member organizations from the World Geological Survey Association (WCOGS) said one after another that geological survey work will play an important role in solving and meeting the growing demand for key minerals and clean energy and reducing the risk of ground disasters. Among them, the African Geological Survey Organization (OAGS) stated that the organization is carrying out the mapping of "future minerals", including mineral resources such as lithium, cobalt, graphite, rare earth, silver, molybdenum, aluminum, copper and manganese, aiming to provide African Union (AU) governments with leading geological data. The Association of Geological and Mining Surveys of Ibero-America (ASGMI)(consisting of 22 geological surveys in Central America, the Caribbean, South America and Europe) has indicated that it is updating the South American metallogenic map and providing information on more than 20000 mineral deposits, the delineation of metallurgical zones, deposit models and mineral resource analysis. The European Geoscience Association (EEA), which comprises 37 European geological surveys, regularly conducts geological surveys on marine geology, earth energy, mineral resources and urban geology. The Geological Survey of Canada described the cooperation with the United States Geological Survey and other key mineral mapping programs.

 

07

Global mining raised $0.715 billion million in May, down 23% from April and the lowest in nearly two years.

IMPORTANT NEWS

Figure 1

S & P, June 24, S & P Global Market Intelligence released a report saying that in May this year, the number of mining financing in the global primary and intermediate markets was 183, down 12.9 from 210 in April. The amount of financing was 0.715 billion billion US dollars, down 23% from 0.924 billion US dollars in April, the lowest in nearly two years (see Figure 1).
In addition, in terms of the number of projects and boreholes, the following characteristics are mainly presented: First, drilling activities have increased, and the number of drilling projects has reached a record high. Global drilling activity increased sharply in May, with the total number of drilling projects at 421 projects, a record high. Of these, gold, silver, copper, nickel, platinum group metals and specialty commodities projects saw the largest increase in drilling volume, while zinc lead and minor base metals projects saw a decrease in drilling volume (see Figure 2). Second, the number of boreholes has dropped sharply. Compared with the increase in projects, the number of holes drilled in May was 5338, down significantly from 6866 in April. Third, the number of Australian drilling projects topped the list. The report shows that Australia carried out 134 drilling projects in May, up from 112 in April, ranking first among resource countries. Canada followed with 101 drilling projects, unchanged from April. The United States came in third with 42 projects, up from 37 in April. Fourth, the number of new projects decreased, mainly gold projects. Five new mining projects were opened globally in May (three of which were gold projects), down from six in April.

Figure 2

 

08

U.S. Launches Global Infrastructure and Investment Partnership to Strengthen Metals and Critical Minerals Mining

IMPORTANT NEWS

The official website of the White House, June 26, US President Biden and G7 leaders recently officially launched the Global Infrastructure and Investment Partnership (PGII), plans to jointly invest US $600 billion billion in global infrastructure construction by 2027, and give priority to supporting the four pillar industries to execute PGII. At the top of the four pillar industries are: strengthening responsible metals and key mineral mining, which mainly includes the following: first, by investing in climate-resilient infrastructure and new technologies for energy transformation, as well as developing clean energy supply chains throughout the comprehensive life cycle, strengthening responsible metals and key mineral mining in order to better cope with the climate crisis and ensure global energy security. The second is to invest in new battery processing and production bases, as well as the construction of global refining facilities; the third is to deploy proven innovative technologies in areas that have not yet obtained clean energy to continuously tap the potential for clean energy development; the fourth is to improve low-emission transportation and infrastructure construction. Subsequently, Biden issued a presidential memorandum, stating that countries will support it in terms of policies, laws, and project investment.

 

09

UK, US, Japan and Canada to ban gold imports from Russia

IMPORTANT NEWS

Reuters, June 26-Britain, the United States, Japan and Canada will ban new gold imports from Russia as one of the latest sanctions against Russia, the British government said. The move is another sanction against precious metals after the London Bullion Market Association (LBMA) suspended the certification of six precious metals refiners in Russia in March. The gold ban will come into force soon and will apply to newly mined or refined gold in Russia. The British government added that the ban does not affect previous imports of gold of Russian origin. Statistics show that the value of Russian gold exports in 2021 is about $15.45 billion. Some analysts believe that the sanctions mark the complete separation between Russia and the world's two major trade centers, London and New York.

 

10

Norway and the EU will cooperate closely in the field of batteries and raw materials

IMPORTANT NEWS

BloombergNorway and the European Union have announced close cooperation on the battery value chain and raw material supply as part of efforts to combat climate change. Norway said that at present, the country has planned a number of battery production plants. Norway, Europe's second largest exporter of oil and gas after Russia, has been working to diversify its mining supply, including access to minerals, metals and rare earths, which are key to Europe's sustainable battery production plan. Through this cooperation, Norway will participate in the European Battery Union Ministerial Conference and joint industry initiatives. The two sides also discussed that appropriate amendments will be made to the rules of origin provisions originating from the EU and the Brexit agreement to promote cooperation between the two sides in the field of batteries and raw materials.