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Officials from China’s auto industry are seeking to expand a subsidy program for electric cars, across 25 Chinese cities. During the on-going two sessions in Beijing, China’s Minister of Industry and Information Technology, Miao Wei, announced that the subsidies for new energy cars will be extended by three years.

China Coal Energy Co Ltd, the country’s second-largest coal miner by revenue, announced yesterday that its net profit in 2012 fell 4.0% YoY to RMB 9.28 billion under Chinese accounting rules, due to low coal price. Basic earnings per share were RMB 0.70, and the company proposed a final dividend of RMB 0.21 per share, according to the firm’s annual …

CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13nd-14th,2013 in Beijing,China. With support from WCA,UCG, CATF and ACEII this year,10th Clean Coal Forum 2013 will generate some valuable advices to assist you to gauge the pulse of this ever-changing industry and grasping the latest and most advanced clean coal technologies especially in China and Asia …

A total of 18 local government officials in Liupanshui city, Southwest China’s Guizhou province, have been punished over three coal mine accidents that left many casualties in recent five months, local authorities announced on Sunday. Cai Jun, director of the city’s work safety department, Wang Erbin, head of Shuicheng County, and Deng Zhihong, head of Panxian county were given administrative …

The vice-governor of Shanxi province, Wang Yixin, met with Wang Yilin, the president of China National Offshore Oil Corporation (CNOOC), on March 12, in the company of Yang Hua, the GM of CNOOC, for in-depth talks on work on a Datong SNG (Synthetic Natural Gas) project. Wang explained that the SNG project is a benchmark in industrial transformation in the …

World number two miner Rio Tinto (LON:ASX) and the government of Mongolia will sit down for further tough negotiations over the future of the controversial Oyu Tolgoi copper-gold mine on March 20. The government of the Asian nation, which has a 34% shareholding in Oyu Tolgoi, has been at loggerheads with operator Turquoise Hill Resources (TSX:TRQ), which is controlled by Rio and …

Mongolia is seeking international investors to help fund a coal-fired thermal plant in the Gobi Desert to power its biggest infrastructure project, the Oyu Tolgoi copper and gold mine. “The total cost to build the power station will be roughly $500 million,” said Odon Sainbuyan, the Executive Director of Erdenes MGL, a state-owned company that holds the shares of Mongolia’s …

Funds raised through Mongolia’s first national bonds are set to have an impact on the wider economy, with the government announcing in February that fournew major projects will benefit from the so-called“Genghis” bonds. However, critics still fear the issuance could back fire. Upon their release in November 2012, the government sold $1.5bn worth of bonds, attracting orders for 10 times …

A team of wildlife biologists will soon ski 400 miles through northern Mongolia, searching for signs of wolverines in the rugged, frigid mountains of the Darhad region. Headed by Montana State University graduate Gregg Treinish and featured on National Geographic’s education website, the researchers will leave Bozeman on March 19. They plan to start skiing on March 26. Four of …

The United States has refused to vote for involvement by the World Bank Group in a massive but controversial mining project in Mongolia. In abstaining, the U.S. representative cited concerns over the potential environmental consequences and an inadequate impact study of the mine plan. The Oyu Tolgoi mine, a 12-billion-dollar project, is looking to massively expand copper-and-gold extraction in the …