Cement News tagged under: China

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Rising cement prices signal economic growth in China

24 January 2017, Published under Cement News

Rising cement prices were providing a clear signal that China's economic growth will remain stable for the year ahead, said Mo Ji, chief economist for Asia ex-Japan at Amundi in an interview with CNBC. Cement offers a more accurate gauge of China's economic activity given its short shelf life. "It can only be stored one month. If there is no on-the-ground activity, how can the cement prices go up? It's really demand," she said, adding that meant infrastructure and other construction was ...

CAR government signs limestone agreement

06 January 2017, Published under Cement News

The government of the Central African Republic (CAR) is one step closer to the exploitation of the limestone deposit in Bombassa and Ndimba villages, on the banks of the Oubangui river. CAR Trade Minister, Hassan Come, and the Head of China Geo Engineering Corp, Wing Wen Hao, signed on 3 January two draft agreements, one relating to the exploitation of cement in the African country. It earmarks the limestone deposit for use in cement production subject to a positive feasibility study. ...

Mechel, Russia, to supply 2-3Mt thermal coal to Tangshan Jidong

29 December 2016, Published under Cement News

On December 21, Mechel 0A0, a major metals and resource company in Russia, announced it had inked a supply contract with Tangshan Jidong Cement Co., Ltd., China for thermal coal. The contract term is from December 2016 to December 2017, during which time Mechel will supply 2-3Mt of Russian thermal coal to Tangshan Jidong Cement. The sales price of thermal coal is to be fixed every month based on then market. Tangshan Jidong Cement is a major cement company and subsidiary of Tangshan Ji...

Russia: Mechel to supply 2-3Mt coal to Tangshan Jidong

23 December 2016, Published under Cement News

Russian metals and resource company, Mechel OAO, announced it has signed a contract for the supply of 2-3Mt of thermal coal to Tangshan Jidong Cement Co. The contract term, which will see Mechel supply Russian thermal coal, runs from December 2016-December 2017. The sales price of the coal is to be fixed each month based on the prevailing market rate. Michael will ship coals produced by its subsidiaries such as Elgaugol, Yakutugol Holding Co and Southern Kuzbass Coal Co. Previously ...

China Resources Cement and BBMG sign strategic co-operation agreement

20 December 2016, Published under Cement News

China Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w...

China: Shandong Shanshui returns to profitability

16 December 2016, Published under Cement News

Shandong Shanshui Cement has managed to turn its losses into profit following a year of defaulting on debts after a battle for control of the company. Deputy Chairman, Mi Jingtian, said that solutions to the CNY4.6bn (US$661.1m) of defaulted debt are now in place and the company has paid in full all outstanding interest. It has since regained a “normal working relationship” with commercial banks. A disclosure issued on 5 December stated that the company has settled a dispute with China Me...

Zimbabwe: Mortal Investments plant complete

16 December 2016, Published under Cement News

The construction of Mortal Investments Manufacturing Co’s US$10m plant in Redcliff, Zimbabwe, has been completed. The Chinese investor begun construction of the new plant in August after purchasing a 100,000m 2 plot of land. According to Redcliff Municipality Mayor, Councillor Fred Kapuya, the plant is in its test run phase, which is expected to be completed early 2017.

Taiwan Cement plans to increase exports to China

08 December 2016, Published under Cement News

The Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per...

Ghana: authorities accuse Chinese ship of smuggling cement

23 November 2016, Published under Cement News

Ghanaian customs officials have prevented a Chinese-registered vessel – the Guo Tou 106 – from offloading bagged cement at Tema port for which it had no import licence, the Chronicle newspaper reports. According to the article, the ship’s owners had initially told the Ghana Ports and Harbours Authority that its cargo was steel products, but at a subsequent meeting the crew admitted that they were transporting other items, including bagged cement. The ship has been allowed to offload th...

Cambodia: new plant proposal

22 November 2016, Published under Cement News

A meeting between Chinese-owned Cambodia Capital Mineral Resources Co (CCMRC) and the Ministry of Mines and Energy saw Li Xiao Ming, CCMRC president, put forward the idea of building a cement processing plant to boost supply for the country’s construction industry. The meeting between CCMRC and the Ministry intended to seek government support before any feasibility studies begin. Minister Suy Sem implied that the project will receive government approval. Meng Saktheara, secretary of state...