As coal accounts for a major part of China's energy consumption, efforts are needed to make scientific coal exploration plans.

Zhanjiang is now promoting the construction and production of its steel and petrochemical industries.

He also points out that the deal comes at a weak point in the steel sheet market cycle.

The agreement will establish a multi-level commodity trading market system and win China more of a say in the pricing of metals.

The lease extension will be granted after an application has been made by the state-run company.

China accounts for more than 20 percent of the company's total sales volume, Machkevitch stated.

To combat this, a number of mine operators are opting for radar transmitters.

COKING COAL on Tuesday: Chinese buyers mildly bullish but market still muted.