Xinhua News Agency

Gold falls amid stronger dollar, global economic uncertainty

Gold futures on the COMEX division of the New York Mercantile Exchange fell Monday, as the World Bank lowered growth forecast for East Asian economies and uncertainty over this week's eurozone meetings pushed the dollar higher.

Four killed in wall collapse at east China mining company

Four people were killed when a hopper wall collapsed in a mining company in east China's Anhui province Sunday morning, local authorities said.

Botswana diamond mine worker found dead after mine collapses

GABORONE, July 1 (Xinhua) -- A worker trapped during wall collapse in Jwaneng diamond mine in Botswana is found dead as the rescue team discovered the body later on Saturday. Debswana Diamond Company's spokesperson Esther Kanaimba-Senai told Xinhua on...

Gold falls after French, Greek elections

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as French and Greek elections held over the weekend cast uncertainty on the future of Eurozone austerity measures.

Mir mine in Yakutia: largest open pit diamond mine in world

Mirny Mine, the largest open pit diamond mine in world, is located in Mirny, Eastern Siberia, Russia

Australia's iron ore miner Fortescue inks deal with aborigines

Australian iron ore mining company Fortescue Metals Group announced on Friday it had signed a land access agreement with the Njamal People for the North Star project in the Pilbara in Western Australia.

Three arrested for coal mine blast that killed 29 in central China

Three people who were believed to be responsible for a deadly coal mine blast in central China's Hunan Province late October were arrested Sunday. The three people were in charge of safety, production and overall management of the state-owned mine.

China gains rights to explore 10,000 square km international seabed sulphide ore deposit

China has gained the right to explore a polymetallic sulphide ore deposit located in the southwest Indian Ocean over the next 15 years.

Coal mine cave-in traps 12 miners in north China

Twelve miners were trapped in a coal mine that caved in in north China's Inner Mongolia Autonomous Region, local authorities said Friday.

China's crude steel output rises 10.6 pct

BEIJING, Oct. 2 (Xinhua) -- China's crude steel output increased 10.6 percent year-on-year to 469.28 million tonnes in the first eight months, according to the National Development and Reform Commission (NDRC). The growth rate was 4.7 percentage points

China's energy-saving campaign saves 150 mln tons of coal

BEIJING, Oct. 2 (Xinhua) -- A national energy-saving campaign involving over 1,000 companies managed to save equivalent to 150 million tons of coal from 2006 to 2010, China's top economic planner said Sunday. The companies that consumed half the energy

BHP Billiton confident in China's sustained growth

BHP Billiton is confident about sustained growth in China despite the worldwide market turmoil, Chairman of the world's biggest miner said on Wednesday. Speaking at a business lunch in Sydney, BHP Billiton Chairman Jacques Nasser said the global market turmoil has not changed the company's view of sustained growth in China. China buys about 30 percent of BHP's exports, and Nasser says the company is positive about China's future.

Eight people detained over coal mine fire that traps 28 miners in east China

Police have detained eight people in east China's Shandong Province in connection with a coal mine fire that has trapped 28 miners for more than two weeks, local authorities said Saturday. A total of 91 people were working underground in the Fangbei Coal Mine in the province's city of Zaozhuang on July 6 when an air compression device located in a parking lot 255 meters underground caught fire.

China approves penalties on those responsible for coal mine accident

The State Council, China's Cabinet, has approved the arrest of two senior executives responsible for a gas leak that killed 37 people in Yuzhou of central Henan Province in October 2010.

Two coal mine disasters kill 3, trap 40 in China

Rescuers were racing against time on Saturday to reach 40 miners buried underground in two separate coal mine disasters which have already killed three people in south China. Work crew operated at least 17 pumps at Niupeng Mine in rural Guizhou Province to release water from the flooded mine before rescuers could be sent down the pit.

Vietnam to restrict coal export by raising tax

Coal export tax rate would be expected to surge from the current 15 percent to 20 percent in a bid to restrict export of the fossil fuel, the Vietnam Ministry of Finance (VMF) said on Tuesday. VMF's proposal was made after the Vietnam Coal and Mineral Industries Group (Vinacomin) imported 9,500 tons of low-quality coal from Indonesia to supply power thermo-electric plants in Vietnam, making the country to become a coal importer for the first time.