Ten Policies Deeply Affecting China's Mining Industry in 2016

The State Council issued the Opinions on Improving the Compensation Mechanism for Ecological Protection

13

2017

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01

In 2016, Zhuxi Tungsten Mine in Jiangxi Province was the most discovered in China

In the past 2016, China's mineral exploration has reported many good news, including 10 major discoveries, each of which is enough to shock the world. These mines will promote the development and prosperity of mining industry and further consolidate China's position as a large country of mineral resources

13

2017

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01

National Development and Reform Commission: It will focus on promoting the mining industry and other fields to relax foreign investment access

Recently, the State Council issued the Notice on Several Measures to Expand Opening up and Actively Utilize Foreign Capital. In an interview with reporters, the relevant person in charge of the National Development and Reform Commission said that China will focus on promoting the service industry, manufacturing industry, mining industry and other fields to relax foreign investment access restrictions, and actively attract foreign investment, advanced technology and management experience.

19

2017

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01

Shut down all coal mines in Hubei or become the first coal free province in China

Recently, Wang Xiaodong, acting governor of Hubei Province, said in the 2017 government work report that in 2016, 3.38 million tons of steel production capacity and 10.11 million tons of coal production capacity were reduced, and the three-year task assigned by the central government was overfulfilled in one year; It is planned to close all coal mines within two years and withdraw from the coal production industry.

19

2017

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01

State Administration of Taxation: the maximum reduction of mineral resources tax is 50%

In order to implement the preferential policies of resource tax stipulated in the Notice of the Ministry of Finance and the State Administration of Taxation on Comprehensively Promoting the Reform of Resource Tax (CS [2016] No. 53) and the Notice of the Ministry of Finance and the State Administration of Taxation on Specific Policy Issues of Resource Tax Reform (CS [2016] No.

10

2017

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02

The imported iron ore broke through one billion tons for the first time. Can domestic ores defeat the four oligarchs in 2017?

At 21:00 on December 31, 2016, as the "ERBERGAMO" ship carrying 56000 tons of iron ore from Tamra Port in India slowly sailed into the anchorage of Qingdao Port, China's import of iron ore by sea in 2016 officially ended.

10

2017

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02

The 13th Five Year Nuclear Power Development Plan was printed and issued. China will pay more attention to nuclear power development

Recently, Wang Yiren, Deputy Director of the State Administration of Science, Technology and Industry for National Defense and Deputy Director of the National Atomic Energy Agency, revealed to the media that the 13th Five Year Plan for Nuclear Industry Development, the 13th Five Year Plan for Nuclear Energy Development and Research, the 13th Five Year Plan for Military Nuclear Safety, and the 13th Five Year National Nuclear Emergency Plan have been officially issued. All kinds of situations show that China will pay more attention to the development of nuclear power, and China's nuclear power construction is entering a new era.

17

2017

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02

In 2016, the effective capacity and total output of China's iron and steel industry rose double

Against the backdrop of the central and local governments' high-profile efforts to eliminate overcapacity in the steel industry, the reality is surprising. Today (February 13), relevant institutions released the report "Inquire about China's iron and steel overcapacity in 2016", which showed that the effective capacity of China's iron and steel industry rose instead of declining in 2016, with a net increase of 36.59 million tons.

17

2017

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02

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