Latest news with #Nanshan
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First Post
23-05-2025
- Business
- First Post
New battle brews against Beijing: Singapore, Indonesian holiday islands protest China's alumina push -- taking
China's Nanshan Group, has planned to establish a local unit in the Indonesian island of Bintan, sparking protests among businesses that operate there read more China's business ambitions are hurting the peace and calm of a cluster of islands that is a popular tourist spot among Singaporeans. A large China-based conglomerate, Nanshan Group, has planned to establish a local unit in the Indonesian islands of Bintan and other archipelagos, sparking protests among businesses that operate there. Although the company claims to adhere to environmental regulations and has pledged to minimise its ecological impact, the project has drawn renewed attention to the rapid expansion of Chinese raw materials firms in Indonesia. STORY CONTINUES BELOW THIS AD However, this will not be the first time Nanshan has built a presence in the Indonesian islands. The company's Gbkek Industri Park already has an industrial park in Bintan's southeast. The Indonesian government has created a special economic zone in the area to lure more investments, and as part of this status, Nanshan enjoys perks like tax waivers for up to 20 years. What's the plan? The firm has now announced plans to bring more Chinese firms to the site and build a $6 billion aluminium smelting complex by 2028. As part of this expansion, there are plans to develop another industrial park on nearby Pulau Poto, a small, low-lying sandy island. According to resort co-owner Andrew Dixon, citing environmental impact documents shared with local business operators, the proposed development includes a steel smelter, an oil refinery, and both multi-purpose and bulk cargo ports. Gbkek director Santoni told Bloomberg that the Indonesian government has permitted the company to expand its operations to Poto. He said that the firm will build a petrochemical industry on the island as well as build ports. 'We will expand and develop the GB Special Economic Zone, that is also our right. We don't understand what the objections of the resort operator are,' he said. Why are people protesting? Dixon has said that industrial operations on Poto 'would not just be devastating for our own business but it's going to devastate the communities in that area.' According to him, resort operators and landowners, who have been filing objection letters since 2023, submitted their most recent protest to the Indonesian government earlier this month, addressing it to the environment and tourism ministries. A meeting between the involved parties is scheduled for next week. STORY CONTINUES BELOW THIS AD 'What was once a very rich unique marine environment is now a nearly dead zone,' said Marc van Loo, who owns the resort on the island.
Reuters
16-03-2025
- Business
- Reuters
Nanshan Aluminium looking to raise up to $358 million in Hong Kong IPO
March 17 (Reuters) - China-based Nanshan Aluminium, an affiliate of Malaysia's Press Metal ( opens new tab is seeking to raise up to HK$2.78 billion ($357.7 million) in a Hong Kong initial public offering, according to a regulatory filing made on Monday. Under the terms of the IPO, Nanshan is offering a total of 88.2 million shares, priced between HK$26.60 and HK$31.50 each. The deal will raise between HK$2.35 billion and HK$2.78 billion. The IPO plans come at a time of rising aluminium prices. They reached a nine-month high in February in the wake of a decision by the European Union to ban Russian primary aluminium imports. Nanshan manufactures alumina in Southeast Asia and caters to regional demand for the metal, which is crucial for green energy technologies. Nanshan Aluminium was formed as a spin-off from Shanghai-listed Shandong Nanshan Aluminium ( opens new tab, which is also one of the IPO-bound firm's controlling shareholders. ($1 = 7.7724 Hong Kong dollars)
Miami Herald
05-03-2025
- Science
- Miami Herald
Color-changing creature found ‘calling in wet meadows' in China. It's a new species
In a national park of southern China, a color-changing creature with yellowy eyes sat in the damp grass and called out. The sound was likely intended to attract a mate, but attracted the attention of nearby scientists instead. The calling animal turned out to be a new species. Researchers hiked into the meadows of Nanshan National Park in 2024 to survey wildlife. They suspected the area's amphibian diversity 'might have been underestimated,' according to a study published Feb. 26 in the peer-reviewed journal Zoosystematics and Evolution. During the visit, the team caught several vaguely familiar-looking frogs, the study said. But looks can be misleading, so researchers tested the frogs' DNA. Based on the results, they realized they'd discovered a 'cryptic' new species: Zhangixalus nanshanensis, or the Nanshan tree frog. Nanshan tree frogs are considered 'medium'-sized, reaching about 1.5 inches in length, the study said. They have 'robust' bodies with 'smooth' skin and 'long' legs. Their eyes are 'yellowish-brown,' and their fingers and toes have 'large discs' on the ends. Generally, the new species has a 'grass green' hue with 'some irregularly indigo blue patch(es),' the study said. Male frogs typically have 'yolk yellow' bellies, while females have cream bellies. However, the new species can change color from day to night and in different habitats, researchers said. Individual frogs also vary in color pattern. Nanshan tree frogs were found 'calling in wet meadows' near a pond at an elevation of about 5,800 feet, the study said. Researchers said they named the new species after Nanshan National Park where it was first discovered and, so far, the only place where it's been found. The park is in Hunan Province of southeastern China and a roughly 1,170-mile drive southwest from Beijing The new species was identified by its body proportions, coloring, finger and toe shape, head shape and other subtle physical features, the study said. DNA analysis found the new species had at least about 2% genetic divergence from other related frog species. The research team included Yuanqiang Pan, Shuo Liu, Ju Chen and Guohua Yu. The team also discovered a second new species: the Daweishan tree frog.
