China has recently laid out the first group of 11 regions for rare earth mining, highlighting its effort to strengthen regulation on the precious minerals.
PetroChina has agreed to pay C$5.4bn (US$5.4bn) for a 50 percent stake in a large natural gas field in western Canada owned by Encana,
Fortunately for Chinese investors, 2011 is not an election year and thus the political wildcard is less likely to come into play.
Industrial & Commercial Bank of China Ltd., has agreed to acquire 80 percent of stake in Bank of East Asia Ltd.’s U.S. operations, the first foray into the U.S. market.
CNHTC Jinan Co Ltd. said on Thursday a subsidiary was involved in the Bank of Qilu's commercial paper fraud that could threaten the repayment of 500 million yuan worth of deposits.
Though China controls just 36 percent of the world’s rare earths reserves, it supplies 97 percent of global demand.
China’s first rare earth waste emission standard is expected to be put into effect in 2011;an ad valorem tax is likely.
Zijin Mining Group Co. Chairman Chen Jinghe was fined 705,997 yuan ($106,566) and Vice President Zou Laichang 449,768 yuan.
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