[Work on Phase 1 of South Santo Road in Vanuatu begins] On May 26, 2023, the groundbreaking ceremony for the first phase of the Santo South Road in Vanuatu, undertaken by China Civil Engineering, was held. The first phase of the Santo South Road Project in Vanuatu is an infrastructure project prioritized by the Vanuatu government and a key livelihood project to improve the traffic situation on Santo Island. The project will connect key areas including towns, tourist attractions, and densely populated areas, greatly improving the traffic conditions between various areas, greatly improving the efficiency of local crop transportation, stimulating the economic vitality of various places along the project, and promoting the economic growth and development of the area. Social development, creating more opportunities for tourism and business activities. Edit/Ma Xue

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• 2026.08.06 11:13
• [Jizhong Energy Zhangjialiang Coal Mine Reconstruction Project Starts Construction]
• The Zhangjialiang coal mine renovation project of Jizhong Energy Zhangkuang Group has officially started construction recently, shifting from the procedural stage to the substantive construction stage. The project started to revitalize the resources of deep 5-1 coal seam to 6-2 coal seam to ensure the continuity of coal mine capacity. The special team completed the approval of the safety facility design after three months, obtained the environmental impact assessment approval on June 26th, and obtained the construction record receipt on July 27th. The project will continue the open-pit mining process and advance from the western boundary of the third mining area. After production, it can activate coal resources and stabilize annual production capacity. After the completion of earthwork stripping, it is expected that coal can be extracted in mid October. Editor/Cheng Liting

• 2026.08.06 11:02
• [Saudi Aramco's Q2 net profit increased by 44% year-on-year]
• Saudi Arabian National Oil Company released its financial report on August 4, 2026, showing a net profit of 32.7 billion US dollars in the second quarter of 2026, higher than the 22.7 billion US dollars in the same period last year and a year-on-year increase of 44%. According to the financial report, Saudi Aramco's average crude oil sales price in the second quarter was $108.1 per barrel, up 41% month on month and 62% year-on-year. Editor/Cheng Liting