**Abstract**
On the 18th of this month, the “2013 International Shale Gas Conference,†hosted by the China Mining Association, will take place in Beijing. This event marks a significant step forward in China’s shale gas development strategy. The second round of shale gas exploration rights will be open for bidding, with 16 successful bidders invited to participate. According to reports, the Yellow River Whirlwind, a leading company specializing in super-hard alloy materials, is expected to attend as a material supplier, recognizing the vast business potential that comes with the expansion of shale gas operations.
The conference aims to foster collaboration between Chinese and American companies by sharing technological advancements and practical experiences in shale gas development. It serves as a platform for U.S. mid-sized shale gas firms to showcase their advanced technologies and key equipment, while also offering Chinese participants an opportunity to learn from international best practices. This initiative signals a shift in China’s shale gas industry, moving from the initial bidding and exploration phase to large-scale development.
As one of the top players in the super-hard materials sector, Yellow River Whirlwind has been actively preparing for this opportunity. The company is set to provide critical raw materials for shale gas drilling equipment and will send its core team to the conference to explore supply chain partnerships. Their products, including PCD (polycrystalline diamond compact), PDC (polycrystalline diamond compact), and PCBN (polycrystalline cubic boron nitride), are already widely used in oil drilling, mining, and geological exploration.
Recent research reports indicate that the company's high-grade PCD composite sheets and pre-alloyed metal powders have significantly improved gross profit margins, contributing to sustained revenue growth. As their technology matures, these advanced materials are expected to replace traditional hard alloys in new applications such as shale gas extraction, further boosting future performance.
PCD drill bits are known for their exceptional strength, hardness, wear resistance, and impact resistance. They have been extensively used in conventional oil and gas exploration, where the typical depth ranges from 1,500 to 3,000 meters. Given that shale gas deposits are at similar depths, it is reasonable to expect that PCD drill bits will also play a key role in shale gas exploration.
In addition to this, the company announced in November 2012 its plan to issue up to 120 million shares at a minimum price of 6.72 yuan per share, raising no more than 774 million yuan. The funds will be allocated to the “High-Grade Super-Hard Material Single Crystal Industrialization Project.†Once completed, the project will produce 1.4112 billion carats of high-grade super-hard material annually.
Looking ahead, the “2013 China International Shale Gas Exploration and Development and Market Summit Forum†will be held in Chongqing on March 26. It is anticipated that drilling technology companies will account for 20% of the participants. Analysts believe that as China continues to advance its shale gas strategy, listed companies like Huanghe Whirlwind, Sifangda, and Yu Diamond—specializing in drill bits and bit alloy materials—will gain new business opportunities.
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