Sinosteel Cam S.A. estimates that at least 600 direct jobs and more than 1,000 indirect jobs will be created through the project.

The Boao Forum for Asia (BFA) Annual Conference 2022 which ended on Friday was closely watched by business runners and scholars worldwide as the global economy desperately needs impetus and certainty.

New energy generated from renewables gains more ground as private firms, SOEs up efforts.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

In north China's Inner Mongolia Autonomous Region, the rugged surface of an exhausted coal mine has received a major face-lift, newly populated by 1.12 million photovoltaic modules, beneath which numerous plants are flourishing.

An overhaul for the Datong-Qinhuangdao railway has been recently carried out on a daily basis to secure safe and smooth rail operations.

China's central bank on Wednesday announced that it has increased the targeted re-lending quota for the coal industry by another 100 billion yuan (about 15.11 billion U.S. dollars) to support the clean and efficient use of coal.

Mongolia exported a total of 3.8 million tons of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said on Monday.