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Energy & Resources

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Foot off the gas

Sinopec drops China Gas bid: media mulls what went wrong
Oct 26, 2012 (WiC 169)

"And he reached his hand into the pouch and took from there a stone and slung it and struck the Philistine in his forehead.” That’s the rather succinct biblical description of how the shepherd David toppled the man-mountain Goliath. For ...

Light diet required

China’s solar industry faces a crisis
Oct 26, 2012 (WiC 169)

Few now dispute that the clouds are darkening for China’s solar industry. But to hear Li Junfeng, deputy director of the energy research institute at the NDRC – the state planning agency – tell it, the industry is caught in a storm far ...

The greatest coal baron of all

Media muses on Shenhua’s latest moves to invade turf of SOE rivals
Oct 5, 2012 (WiC 167)

The mythical gods of ancient Greece were proud, powerful and prone to a feud or two. Take the case of the goddess Eris, who felt snubbed when she wasn’t invited to the wedding of Peleus and Thetis. So she provoked a row by throwing a golden ...

Darkest before the dawn?

Steel industry in crisis – hopes pinned on a recovery in the property market
Sep 28, 2012 (WiC 166)

China currently has 470 skyscrapers. Within a decade it plans to add 848 more. Yes, you read that correctly: 848. That’s according to a new report by MotianCity, a research organisation in China that focuses on buildings taller than 152 ...

Pilbara mine is now three years late opening
Sep 7, 2012 (WiC 163)

When an Englishman or an Indian hears the acronym MCC, he’ll probably think of cricket and the venerable Marylebone Cricket Club. Founded in 1787 the MCC served as the sport’s governing body for centuries and it still owns Lord’s, the ...

Why Suntech’s founder has stepped down as CEO
Aug 24, 2012 (WiC 161)

Shi Zhengrong once said he was less interested in profits than “solving the problems of mankind”. Right now, he’s probably more interested in sorting out a few things closer to home, namely with his company Suntech Power Holdings. The ...

Roll out the barrel

China is now taking half of Iran’s oil
Jul 20, 2012 (WiC 159)

Must do better, was the message from Hillary Clinton last month, when she spoke of China’s contribution to halting Tehran’s uranium enrichment programme. Nonetheless the US Secretary of State stopped short of unleashing her ultimate ...

Chalco’s acquisition of SouthGobi in Mongolia is not going smoothly
Jun 29, 2012 (WiC 156)

On June 18, reporters, bankers and consultants crowded into the Beijing Jade Palace Hotel to hear Liu Xin, a self-proclaimed former employee of SouthGobi Resources – a mining company with coal projects in Mongolia. Liu claimed to have been a ...

Unfazed by new US tariffs, Hanergy positions itself for solar dominance
Jun 15, 2012 (WiC 154)

This week WiC introduces the Bayerischer Klaps-Tanz as a management tool. For those more attuned to McKinsey terminology, this one translates from German as the Bavarian Slap Dance. We think this folk jig is particularly worthy of study ...

Coal prices are on the slide in China
Jun 15, 2012 (WiC 154)

Many foreigners get exasperated by translators. Take Herbert Hoover, America’s 31st president. When he was working in China in his youth, Hoover nicknamed his own interpreter Really Damn. According to History Today this was because whenever bad ...

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