Coal 中文

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The commodity industry has trended towards shorter fixed price contract periods, in part to mitigate against such potential performance risk, but also due to the

development of more transparent and

derivative products and indexes.

[...] 分原因在於為降低上述潛在的履約風險，另外則是 由 於現 貨市 場（ 如 煤 、 鐵 礦及 相關 衍生產品及指數）的發展愈發透明且具流動性所致。

The ultimate goal of such a transition must be to improve energy

efficiency and reduce reliance on fossil fuels,

on renewable sources of energy,

especially wind, solar and advanced (non-food) biofuels.

能源转型的最终目标应该是提高能源效率，减少对化石燃 料、特别是对石油和煤炭的依赖，并 增加对可再生能源、特别是对风能、太阳能 [...]

Short term factors relating to reserves, such as

affect the Company’s business and results of operations.

影響儲量的短期因素，例如需要有序 開 發 煤 層 或 處理 新的 或不同質素的煤炭，亦可能 對本公司的業務及經營業績造成重大不利影響。

This lowering of the retirement age is not exclusive to employees covered by the general scheme;

it will also be applied to workers included in the special schemes for

提前退休政策不仅仅适用于通用体制下的工作人员，同样也适用于特殊土 地体制下的工作人员以及海洋及煤矿 工 作 人员。

In addition to the Sinohydro Corporation, in charge of the Sinclair Hydroelectric Project Coca-Coda, I announce that China International Water and Electrical Corporation (CWE) is, from December 24, 2010, in charge of the construction project (242 MW) of Toachi Pilatón; other Chinese companies are also interested in

the Sopladora Hydroelectric Project

(115 MW), etc. The China Railway

Group (China Tiesiju Civil Engineering Group Co., Ltd.) is now in charge of the construction of Chone Multi-functional Project and other companies aim to make huge investment of millions in Ecuador.

除了中国水电建设集团负责科卡卡多-新克雷水利电力项目以外，我宣布中国公司中国水利电力对外公司（简称CWE）已于2010年12月24日起负责Toachi

It will assist countries with economies in transition to integrate their energy economies and infrastructure more fully in the region and the global economy, increase energy security for importing and exporting countries alike, reduce greenhouse gas emissions through

self-financing mechanisms for trading

the performance of energy industries

and contribute to the long-term supply of fossil fuels through the global adoption of a classification standard for energy reserves and resources.

方案还将协助经济转型国家的能源经济和能源基础设施更充分地融入区域和

3.11 Energy Conversion Coefficient (ECC): the ratio of accumulated cool and heat provided by airconditioning sources of the

building under review in the whole year to the energy of consumed

3.11 能量转换效率（ECC）：指被评建筑的冷热源输出全年累计的空调用冷量、热量与消耗 的电、天然气、煤、蒸汽和热水的 能量的比值。

Recognizing the many benefits

认识到回收煤矿甲烷的各种好 处，欧洲经委会于 2004 年 在美国环保局支持下，与甲烷市场化合作伙伴密切合作，启动了一个促进最佳做 法的方案，并为规划、设计和资 助煤矿 甲 烷 项目 提供 技术援助。

This technological innovation will provide a much better solution for the FGD

这一领先技术为大多数燃煤电厂 烟气脱硫及除尘提供了一个最佳的解 决方案。

The representative of India informed the Committee that his Government had developed a national action plan on climate change covering both mitigation and adaptation, which included

actions in a number of areas, such as

efficiency, green building codes, large-scale

reforestation efforts and green agriculture, among others.

该计划涉及减排和调整适应问题，其中包括若干领域的 措施，诸如可再生能源、清洁煤技术 、 能源 效率 、绿色建筑规则、大规模 植树造林和绿色农业等等。

[...] incorporated by Shanxi Coal Import & Export Group [...]

Company Limited and it was listed on the SSE (SSE:

600546) in the industrials sector (CSRC Extractive Industry category) in 2009.

该公司由山西煤炭进出口集团 有限责任公司注册成立，并于 2009 年在上交所工 业板块（中国证监会将其分类为采掘业类）上市（SSE：600546）。

[...] actual mineral, coal and hydrocarbon [...]

reserves and resources are less than current estimates or if the Group

fails to develop its resource base through the realisation of identified or new mineral potential, the Group’s business, results of operations and financial condition may be materially and adversely affected.

如 本集團的實際礦產及碳氫化合物儲量及資 源低 於目 前 估計 或如本集團無法透過變現已識 [...]

別或新的礦產潛力來開發其資源基礎，則本集團的業務、經營業績及財務狀況或會受到重 大不 利 影 響。

The organization has established

in dealing with climate change; promoting “green” updates for industry; and commending enterprises that actively take on social responsibilities, so as to achieve the sustainable development of the industry and all of humankind.

该组织已制定了各种方案，以便积极促进 中 国煤炭生 产大 省发展清 洁 煤炭技 术，包括推广清洁煤炭技术；增强清 洁 煤炭 和 能源 行业的能力以及改善应对气候 变化的看法；促进产业的“绿色”发展；以及表彰积极履行社会责任的企业，从 而实现该行业和全人类的可持续发展。

Mercury is traded globally and is

used in products and chlor-alkali plants;

incinerators, cement kilns and contaminated sites.

汞在全球范围交易，用于产品生产和氯碱厂 ， 并 从 燃煤 电厂、焚化炉 、水泥窑和受污染的场所向外释放。

Even though the average realised selling prices in the first half of 2010 were higher than that in the same period of 2009, gross profit margin decreased due to (1) the increase in gross loss on coke production that accounted for 4% of the Group’s turnover; and (2) during the

half of 2009 to 2.96 million tonnes in the first half of 2010 due to temporary closed down production during the change of the long wall in our mines in the second quarter of 2010; and (ii) the increase in labour cost, depreciation and additional levies as mentioned in the above under “Cost of Sales”.

shougang-resources.com.hk

雖然二零一零年上半年平均實現售價較二零零九年同期為高，但毛利率則下調，主 要是由於下列因素：(1)焦炭業務毛虧擴大，焦炭銷售佔本集團本期營業額的4%；以 及(2)本期每噸平均原煤成本單價增加 ，原 煤成 本 單價 上升是因為(i)於二零一零年第 二季煤礦更換工作支架而曾暫停生產 ， 使 原煤產 量由 二零 零九年上半年度約325萬噸 下降至二零一零年上半年度約296萬噸；及(ii)於上文「銷售成本」內提及本期人工成本 [...]

和折舊增加，以及新增徵稅均使平均生產成本單價上升。

shougang-resources.com.hk

These include coal with high efficiency and [...]

clean burning technology; improving the electricity supply structure for higher

efficiency; increasing the supply of natural gas; speeding up the development of new energy and renewable energy sources; building up strategic petroleum reserves; and enhancing energy resources survey capabilities.

这包括高效清洁地开发利用煤炭资源 、 调整 和优化电 力结构、努力增加石油天然气供给能力、加快发展新能 [...]

源和可再生能源、加强石油储备建设、加大能源资源勘 探力度。

Due to our acquisition of the Holla site in Norway, heat consumption rose to 3.4 TWh (2009: 2.8 TWh) across the Group. Heat consumption figures

reflect for the first time the use of

at the newly acquired silicon-metal plant.

因并购了挪威Holla的生产基地，集团所需的热耗量增至3.4太瓦时(2009年为2.8太瓦时)；新并 购的Holla金属硅生产厂首次使用了固体石 化能 源 ( 煤 、 木 炭、 木柴 )。

Reserve and resource estimates involve expressions of judgment based on various factors such as knowledge, experience and industry practice, and the accuracy of these estimates may be affected by many factors, including

quality of the results of exploration

the procedures adopted by and the experience

of the person making the estimates.

[...] 因素(如知識、經驗及行業慣例)所作的判斷表述，而此等估計的準確性可能受多個因素影響，包括勘探鑽 探結果的質量、煤炭樣本分析以 及作出估計的人士所採用的程序及所具有的經驗。

After focusing on China and India in its World

继《世界能源 展望 2007》（2007 年 11 月）聚焦中国与印度之后，国 际能源署进一步决定，通过邀请高级代表团参与委员会 周（就紧急应对准备、石油、天然气、煤炭市场展望、 技术协作和能源效能措施等与能源相关的核心问题进行 为时几天的讨论），让全球最大的两个新兴经济体参与 进来。

These projects include a 25% interest in Xstrata's eastern

interest in the large tonnage Zuun Mod Molybdenum

and Copper project in Mongolia, a royalty interest in a developing construction material project in the United States as well as a 60% equity interest in TSX-V listed Advanced Primary Minerals.

这些项目包括Xstrata公司东加拿大Donki n焦 煤项 目 25% 的股 份，位于蒙古的Zuun [...]

Mod大型钼铜矿勘探项目的100%股份，美国一处正在开发中的建筑材料开采项目的开采权益，以及在多伦多交易所创业板上市的Advanced Primary Minerals公司60%的股份。

Before joining Blackstone in 2010, Mr. Chen worked as a Vice President in the global corporate finance team of Deutsche Bank AG, HK, at which he'd been involved in many significant corporate advisory and capital market transactions such as the equity placement by AES Corp to China Investment Corporation (CIC); CIC's strategic investment into PT Bumi Resources; the sale of Oriental Brewery to KKR by AB-InBev; the asset restructuring

of Haier Group; the proposed

Group; the proposed investment into

Xugong Group Construction Machinery by the Carlyle Group; as well as strategic financial consulting for the HKSAR Government.

在此之前，他在德意志银行全球企业融资团队任副总裁，曾为很多企业提供重要咨询服务并参与了很多资本市场交易，如 AES Corp 对中国投资公司 (China Investment Corporation, CIC) 的私募股权配售、CIC 对 PT Bumi Resources 的策略投资、AB-InBev 对 KKR 出售 Oriental Brewery、海尔集团

(Haier Group) 的资产重组、建议中国华能集团

Group) 投资徐工机械 (Xugong Group Construction Machinery)，还为香港特区政府提供金融策略咨询服务。

Products from the Ovoot Tolgoi

敖包特陶勒蓋煤礦的產品 包括用於煉焦(或冶金)的煤炭(主要為半軟 原 焦煤)以 及可 通過 洗 煤生 產半軟 焦煤 的高灰份原煤。

Whether you need technical advice on

steel manufacturing processes, a

guidance on risk reduction, maximizing

profits or improving efficiencies in precious or base metal mining or extraction, we are readily available with an international service.