China Update

China update

30th March 2007

Chinese particulates ("black carbon") are reaching as far as the western United States, as the regime issues (yet another) plan to cut down carbon emissions, and the country's largest coal producing province says it's launching a "sustainable mining" fund.

The iron/steel company, Shougang, has invested further in Australia, while China's biggest aluminium enterprise, Chalco, has finally secured the huge Aurukun bauxite lode (on Aboriginal territory) - in the face of competition from BHPBilliton, Rio Tinto, Alcan, Alcoa and Xstrata.