There is no fundamental change in the situation of oversupply of coal and steel, and the capacity reduction of coal and steel still needs to be maintained

Recently, the coal and steel industries have become "hot" again. According to the data released by the National Bureau of Statistics, in the first two months of this year, the average year-on-year increase in the prices of coal mining and washing industries was 39.0%, and the average year-on-year increase in the prices of ferrous metal smelting and calendering industries was 38.9%. Thanks to the rapid rise of coal and steel prices, the benefits of the coal and steel industries have also improved significantly. In the first two months of this year, the coal mining and washing industry turned a profit of 43.8 billion yuan from a loss in the same period of last year, and the total profit of ferrous metal smelting and rolling processing industry increased by 21.1 times year-on-year.

07

2017

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04

The State Council: Revise five mining related laws and regulations including the abolition of mining rights

Recently, marked by Premier Li Keqiang's signing of State Council Decree No. 676 and the promulgation of the Decision of the State Council on Amending and Abolishing Some Administrative Regulations, various state departments have successively promoted relevant activities of "streamlining administration and delegating power, combining decentralization with management, and optimizing service reform" in accordance with the law, and revised and abolished laws and regulations in various fields. Today, let's take an inventory of the recently revised mining related laws and regulations.

14

2017

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04

The reorganization of central coal enterprises is expected to speed up the formation of 10 giants by the end of 2020

According to the report of Economic Information Daily on April 13, relevant departments required to speed up the introduction of guidance on promoting the transformation and upgrading of coal industry merger and reorganization, implement the merger and reorganization of small coal mines in different regions within two years, and strive to form 10 billion ton "Big Macs" nationwide by the end of 2020. In addition, enterprises are encouraged to strengthen cross regional capacity reduction cooperation through equity replacement, resource mutual insurance and other ways.

14

2017

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04

NDRC nine measures to urge coal enterprises to reduce production capacity

Recently, the National Development and Reform Commission issued the Notice on Further Accelerating the Capacity Replacement of Coal Mines (hereinafter referred to as the Notice), which requires that coal mine projects under construction should strictly implement the volume reduction and replacement policy or the task of excess chemical energy capacity. Encourage trans provincial (district, city) capacity replacement, merger and reorganization, and approved (approved) coal mine construction projects to take on the task of resolving excess capacity through capacity replacement.

28

2017

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04

Interpretation of the Reform Plan of the Mineral Resources Rights and Interests System

Mineral resources are owned by the state. Recently, the State Council issued the Reform Plan of the Mineral Resources Equity Fund System, and decided to establish a new mineral resources equity fund system in line with China's characteristics. Why reform? How to reform? What impact will the reform bring? The relevant person in charge of the Ministry of Finance was interviewed by reporters on the 20th and gave an answer.

28

2017

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04

The resource utilization technology of aluminum fly ash in China has reached the international leading level

On April 22, 2017, the Ministry of Industry and Information Technology of the People's Republic of China entrusted the China Recycling Economy Association to organize experts in Beijing to conduct a comprehensive evaluation on the high alumina fly ash annual output of 200000 tons of alumina demonstration project independently developed by China Datang Group and its recycling industry chain.

04

2017

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05

A major breakthrough in deep exploration of gold deposits in Jiaodong, Shandong, has a world-class impact

The gold deposits in Shandong Province are mainly distributed in Jiaodong area, mainly including Sanshandao fault zone, Jiaojia fault zone and Zhaoping fault zone in the northwest of Jiaodong, followed by Qixia Penglai gold metallogenic belt and Muping Rushan gold metallogenic belt.

04

2017

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05

Policies help the transformation of mining industry. The tax of green mines will be reduced by 15%

The construction of ecological civilization in the mining sector has hit a heavy blow. On May 10, a gold bearing document - Implementation Opinions on Accelerating the Construction of Green Mines (hereinafter referred to as Implementation Opinions) was put into practice. According to the requirements of this document, within the scope of relevant provisions, enterprises that continue to carry out research and development of green mine construction technology and transform their achievements, if they meet the conditions and are recognized as high-tech enterprises, can be subject to the enterprise income tax at a reduced rate of 15% according to law.

12

2017

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05

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