Mining investment is causing Mongolia to overheat
Tweet Mongolia has become one of the world’s fastest growing economies and is at risk of overheating due to a boom in foreign investment and government spending. The country’s rich…
China discovers 1.4 billion tonnes of new oil reserves
Tweet China’s Ministry of Lnad and Resources said Thursday that the south Asian nation discovered 1.37 billion tonnes of oil reserves in 2011,up 20.6% the previous year. Speaking at a…
Imposing duty on China solar cells could jeopardize 60,000 US jobs
Tweet The recent move by the United States to impose steep import duties on solar cells and modules from China has split industry players right in the middle. In a…
China’s crude steel output rises in 2011 but growth slows
Tweet One of the leading indicators of the Chinese economy, crude steel production, grew by 8.9% in 2011 to 683.3 million tonnes. While this growth is relatively high compared to…
Gazprom secures 10 new gas wells in Bangladesh
Tweet Petrobangla, the state owned energy company of Bangladesh, has agreed to partner with Gazprom of Russia to develop 10 new onshore gas wells in Bangladesh. The deal is Petrobangla’s…
China to cut power spending amid concerns of a slowing economy
Tweet The slowing Chinese economy is being reflected in power consumption and infrastructure investment. According to an industry report released yesterday, growth in demand for power in the south Asian…
Three Gorges power drops as water flow dries up
Tweet Lower water flows reduced the amount of power produced by the world’s largest hydroelectic plant, The Three Gorges Power Plant on the Yangtze river. The plant generated 78.29 billion…
Indonesia reforms private car fuel market – end to fuel subsidies and incentives for LPG
Tweet The Indonesian government has said that subsidising fuel for private cars will cease by April. This came on the same day that incentives to encourage conversion from petrol (gasoline)…
Russia-China power connector switched on
Tweet China’s largest power supplier, State Grid Corporation of China (SGCC), said Sunday that a cross-border electricity transmission project to supply the south Asian economic giant with power exports from…
China Shenhua to bet USD 21 billion on turning Coal Ash waste into Alumina
Tweet China’s largest coal producer, China Shenhua Group, kicked off construction on a project Sunday where coal ash would be used to produce alumina. Coal ash is a byproduct of…
