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METALS-Copper flat as strong dollar holds sway

SYDNEY, June 21- London copper was trading flat in early Asian trade on Wednesday, capped by a stronger dollar that pushed prices lower overnight. *LONDON COPPER: Three-month copper on the London Metal Exchange was little changed at $5,660 a tonne by 0130 GMT after falling 1.2 percent in the previous session. *SHANGHAI: The most-traded copper contract on the...

Source: Reuters

RPT-COLUMN-Despite 2016 dip, it's too early to celebrate the demise of coal: Russell

The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

Source: Reuters

COLUMN-Despite 2016 dip, it's too early to celebrate the demise of coal: Russell

The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

Source: Reuters

FACTBOX-Chinese executives caught up in Xi's corruption crackdown

On Tuesday, Anbang Insurance Group said its chairman Wu Xiaohui was no longer able to fulfil his duties, amid reports he had been taken away for investigation. Tomorrow Group, a Beijing- based financial group, controls listed firms including Baotou Huazi Industry Co Ltd and Xishui Strong Year Co Ltd Inner Mongolia. He quit as China Telecom Corp's chairman and CEO...

Source: Reuters

Mongolia Jan-May coal export earnings surge after N.Korea ban

ULAANBAATAR, June 14- Mongolia's coal export earnings surged nearly fivefold in the first five months of the year, according to official data, with the country taking advantage of sanctions on North Korea to boost deliveries to China, its major customer. The value of Mongolia's coal exports rose to $1.01 billion in the first five months of 2017, 4.6- times higher...

Source: Reuters

ANALYSIS-Enter the Nimble Dragon: China looks to small reactors for nuclear edge

SHANGHAI, June 14- China is betting on new, small-scale nuclear reactor designs that could be used in isolated regions, on ships and even aircraft as part of an ambitious plan to wrest control of the global nuclear market. The global nuclear industry will require around $80 billion in annual investment over the coming decade as countries strive to meet climate...

Source: Reuters

Another Chinese region faked fiscal data, anti-corruption agency says

BEIJING, June 12- Some parts of northern China's Inner Mongolia have fabricated fiscal data, China's anti-corruption agency said, making it the third Chinese region exposed for data falsification after the rust-belt provinces of Liaoning and Jilin. In a summary of its findings from an inspection tour of eight provinces and government institutions, the...

Source: Reuters

RPT-Mongolia presidential hopeful urges more state control in mining

ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

Source: Reuters

Mongolia presidential hopeful urges more state control in mining

ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

Source: Reuters

IMF approves loan to Mongolia to finance reforms

BEIJING— The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 million to Mongolia over three years and others including the Asian Development Bank, the World Bank, Japan,...

Source: The Associated Press