Jidong Cement awards Mechel coal contract
Chinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel.
China
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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 po...
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 ...
China National Building Materials (CNBM)
The proposed takeover of China National Materials (Sinoma) by China National Building Materials (CNBM) has been given the green light by shareholders of the two companies. The t...
Gansu Qilianshan to invest US$24m in Tibet cement JV
Gansu Qilianshan Cement Group Co Ltd plans to invest CNY159.25m (US$24.08m) to set up a cement joint venture in Tibet with a registered capital of CNY450m. The new investment wi...
Call to investigate recent local price hikes in China
Some Chinese cement producers and suppliers were taking advantage of Beijing’s environmental crackdown to artificially hike prices, according to the Wuhan Concrete (Mortar) Asso...
Taiwan Cement Corp increase shipment prices
Taiwan Cement Corp are to raise product prices for shipments to Guangdong and Guangxi provinces by CNY20 (US$3)/t to CNY360, as reported by Taipei Times. The increase in price w...
Fujian Cement to buy limestone mining rights
China-based Fujian Cement plans to buy mining rights of a 0.2Mta limestone mine and a 0.03Mta cement siliceous material ore mine from Shunchang Lugunshan Limestone Mine and Shun...
Anhui Conch to resume Indonesian project with US$240m credit
Anhui Conch Cement has issued guarantees for loans likely to include US$90m facility provided by the company’s Indonesian branch, according to Anhui Conch investor relations. Th...
Anhui Conch to import drilling rig for 4500tpd plant
Anhui Conch Cement Co expects delivery of an imported hydraulic drilling rig for its cement production project in Shaanxi province by February 2018.