CEO of Shanshui Cement Group resigns
China’s Shanshui Cement Group has announced that its CEO and executive director, Li Heping, has resigned with immediate effect. Elsewhere, Liu Yiu Keung has stepped down fro...
China
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China Resources Holding forecasts significant increase in 1Q18 earnings
China Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled it...
Peru's Invercem plans expansion
Peruvian cement producer Inversiones en Cemento (Invercem) plans the construction of cement plants in Pisco and Ayacucho, according to its founder Victor de La Torre. The new w...
Namibia imports 40,000t of Chinese clinker
Some 40,000t of clinker from China was unloaded at Namport, Namibia’s largest port. The clinker will be transported to the new cement plant of Whale Rock/Cheetah Cement, a Chin...
Taiwan Cement plans to increase alternative fuel use
Taiwan Cement Corp has announced plans to work with Beijing Orient Landscape & Environment Co Ltd to develop its involvement in the Chinese waste market, according to the Taipe...
Hoang Phat Vissai exports 0.22Mt in January
Hoang Phat Vissai Group (The Vissai) has exported 220,000t of cement and clinker from Nghi Thiet port in Vietnam’s Nghe An province since the start of January. The exported ...
China sees a rise in clinker imports
China imported 184,600t of clinker in the first 11 months of 2017, over four times the amount imported during the year-ago period, according to Caixin Global. These figures hav...
Jidong Cement awards Mechel coal contract
Chinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel. "Over the year Mechel will supply up to 3Mt of steam coal mine...
Coal price to come down, freight rates to harden
Chinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's p...
BDI rallies on back of coal demand
Freight rates in the dry bulk sector are rising on the back of a commodity boom. By the end of November 2017, the Baltic Dry Index (BDI) had improved by 45 per cent so far that...