China Economic Net

De Beers' 3rd quarter diamond production falls by 31 pct due to mine accident in Botswana

De Beers' production fell 31 percent to 6.37 million carats in Q3 2012

Moratorium no more for nuclear power

Despite safety concerns, China has made the right decision to re-start construction of nuclear reactors. Boosting the nation's energy supply remains pivotal for sustaining long-term economic developments in the country.

5 dead, 17 trapped after coal mine blast

A gas explosion ripped through a coal mine in Northeast China's Liaoning province Thursday, killing at least five people and trapping 17 others, the national work safety watchdog said.

Zambia mull policy to compel mining firms list on stock market

The Zambian government says it plans to put in place a policy that will compel mining firms to list on the local bourse to enhance citizens' participation in the country's mineral wealth, the Zambia Daily Mail reported on Tuesday.

7 dead, 1 injured in China mine explosion

Seven people were killed and one injured in a coal mine explosion in Central China's Hunan province Thursday evening, local work safety authorities said Friday. The explosion occurred at about 7 pm Thursday at the Qiyi Coal Mine in the city of Changning.

Last body found month after mine flood in NE China

The body of the last miner trapped in a flooded coal mine in northeast Heilongjiang province one month ago has been recovered, said a spokesman with the local rescue headquarters on Friday.

Mongolian ministers assigned to renegotiate foreign mining deal

The Mongolian Cabinet Office would ask Canadian and Australian mining companies to renegotiate the Oyu Tolgoi copper-gold mining agreement, local media reported Thursday. Chimed Khurelbaatar, chief of the Cabinet Office of Mongolia, was assigned to

Experts forecast power crunch for China this winter

Power shortages plagued many of China's provinces earlier this year and are likely to return this winter as coal prices soar and some power plants find it difficult to store coal, an industry expert said.

China tests underground refuge chamber in bid to reduce mining casualties

China's coal mine safety watchdog said on Friday it had completed a manned experiment of a permanent underground chamber that can shelter miners in case of an accident as part of its efforts to reduce mining casualties.

10 dead in east China mining accidents

Ten people were confirmed dead and three others injured in two unrelated coal mine accidents on Thursday in east China, local authorities said.

China shuts down 1,289 illegal coal mines

As of the end of July, work safety authorities had shut down 1,289 coal mines in the nationwide crackdown on illegal production at coal mines, Zhao Tiechui, deputy head of the State Administration of Work Safety, said on Thursday.

State-owned diamond company in Ghana handed over to private investor

The Ghana government handed over state-owned Ghana Consolidated Diamonds (GCD) to a new investor, Great Consolidated Diamond Ghana Ltd (GCDGL), at a ceremony held on Tuesday in Akwatia, 80 km northwest of here.

Imported iron ore stocks rise for sixth straight week

The stock of imported iron ore last week was 400,000 metric tons higher than one week earlier, or up 0.4 percent week-on-week, according to the index compiled by the Xinhua News Agency to track iron ore inventories and imports in Chinese spot markets.