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June 8 – China's natural gas consumption is projected to exceed 300 billion m3 by 2030, up from 130.7 billion m3 last year, PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) president Zhou Jiping predicted. Natural gas currently represents 5% of China's total energy consumption, up from 2.4% in 2000.
http://www.yicai.com/news/2012/06/1797871.html
June 6 – A mine with 1.06 million tons of tungsten ore – the largest in the world – has been discovered in Jiangxi province. It is evaluated to be worth as much as ¥300 billion.
http://www.yicai.com/news/2012/06/1790677.html
June 1 – The Ministry of Industry and Information Technology is working with other government agencies on the establishment of a rare earth strategic reserve mechanism and a rare earth trading organ to better regulate prices, people with knowledge of the matter said. China has already founded a rare earth industry association to address the messy business and prevent prices from falling. Chinese production is responsible for 97% of the world's 17 most used rare earth minerals.
http://cn.reuters.com/article/chinaNews/idCNCNE85000V20120601
May 31 – A mine estimated to hold 10 million tons of recoverable lead and zinc has been discovered in Hunan province, the Ministry of Land and Resources said. The mine is evaluated to be worth hundreds of billions of yuan.
http://finance.qq.com/a/20120601/000622.htm
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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