China's Mining Investment Falls 7.7% in First-Half 2015

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Researched by Industrial Info Resources China (Beijing, China)--China's mining investments for the first half of 2015 fell 7.7% to $84.86 billion from the same period a year earlier, according to the National Bureau of Statistics of China. This included a 7.9% drop to $49.88 billion in private sector statistics.

Coal mining and washing investments fell 12.8% to $27.2 billion; investments for petroleum and natural gas extraction dropped 6.5% to $18.86 billion.

Investments for ferrous metals ore mining, smelting and pressing dropped 12.8% to $10.58 billion. Investments for non-ferrous metals ore mining, smelting and pressing fell 5.7% to $10.15 billion. However, non-metallic minerals mining and processing investments increased 5.4% to $14.94 billion.

Private investments for coal mining and washing fell 9.8% to $15.65 billion; those for extraction of petroleum and natural gas fell 32.4% to $1.55 billion. Private investments in ferrous metals ore mining, smelting and pressing dropped 13.7% to $9.2 billion; those for non-ferrous metals fell 9.5% to $7.55 billion; but those for mining and pressing of non-metal minerals rose 5.2% to $14.07 billion.

China's investment in fixed assets (excluding rural households) reached $3.82 trillion in the first half of 2015, an increase of 11.4%. This included $2.49 trillion in private sector investments, an increase of 11.4%.

Value-added mining production rose 3.2% in the first half of 2015.

Industrial Info Resources tracks over 4,550 operational mines and over 4,770 active metals and minerals projects with a total investment of more than $700 billion in China.

The coal-fired plant has four generating units and a total capacity of 2,440 MW when at full load. Units 1, 2 and 3 are online and will continue to operate at full capacity.

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