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Two China New Energy Firms Eye $2 Billion in HK IPOs

China Huaneng Group Corp and Datang Corp, the country’s top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday, reported Reuters.
The deals are unfolding as China aggressively develops its renewable energy sector and the [...]

AU Says must Replace Western Partners with China

The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank, reported Friday’s Reuters.
Maxwell Mkwezalamba, the AU’s economic chief, said Africa must end its reliance on Western money.
« We need to diversify our partners [...]

China’s Yuguang Says Kimberley Investment Approved

Yuguang Gold and Lead, a Chinese maker of nonferrous and precious metal products, said on Wednesday that it had won Australian government approval to invest in the country’s Kimberley Metals Ltd, reported Reuters.
Yuguang said in April that it planned to buy a 15 percent stake in Kimberley and would pay A$5 million ($4.4 million) for [...]

Mineral Dumping Vehicle

A mineral dumping vehicle is also designed with a bed which allows minerals placed into the bed to be emptied out without any manual intervention. The difference is that mineral dumping vehicles have been designed specifically for mining jobs. There are two kinds of mineral dumping vehicles. The first one has the bed being mechanically tilted backwards in order for the contents to be emptied out. The second is the clam shell bottom mineral dumping truck. In this case, the bottom of the bed can be opened through for the contents to be emptied out.