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Banks scrap discounts for first-time homebuyers

2012-09-12

Some commercial banks have abolished a 15 percent discount on mortgage interest rates for first-time homebuyers.

Shanxi launches coal industry reform

2012-09-12

The government of Shanxi province, which produces one-fourth of China's coal, issued an adjustment and stimulus plan to reform its coal industry in the coming years on April 15, Shanghai Securities News reported on Friday.

Shanxi plans coal futures bourse

2012-09-12

Shanxi province, China's largest coal producer, said it has plans to establish the country's first coal and coke futures exchange to help stabilize the domestic market and secure a bigger voice in international pricing.

WB to lend $80m for clean coal

2012-09-11

The World Bank has agreed to lend $80 million to China to help the country increase the development and utilization of coal bed methane (CBM) and coal mine methane (CMM) as substitutes to coal.

CNOOC in 30b yuan coal-to-gas enterprise

2012-09-11

CNOOC New Energy Investment Co Ltd, a wholly owned subsidiary of China National Offshore Oil Corp (CNOOC), and Datong Coal Mine Group will invest 30 billion yuan in a coal-to-gas project in Datong, Shanxi province.

Shougang to buy stake in Fushan

2012-09-10

HONG KONG: Steelmaker Shougang Concord International Enterprises is buying a 12.05 percent stake in Fushan International Energy Group for HK$1.2 billion to ensure adequate coal supplies.

Pacific Asia pursues niche energy prospects

2012-09-10

Frank Ingriselli, CEO of Pacific Asia Petroleum, turns and greets Heidi Wong, his company's general manager, as she enters and introduces her to the rest of the room, explaining Wong is a great illustration of Pacific Asia's connection to Texaco; Wong, like Ingriselli, cut her teeth in China's energy industry as a Texaco employee.

City vows to develop green economy

2012-08-29

Taiyuan, capital of China's coal-rich Shanxi province, pledged to turn into a greener city, even though hardly hit by the worsening international financial crisis, said Li Junming, the city's vice mayor on Monday.

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