China Mining News

Mounting risks of impairments globally in coal investments

Changes sweeping the electricity sectors in Japan and China suggest a hugely uncertain future for coal-fired power and a rapidly increasing risk of stranded assets.

Iron ore price back below $50

Down 27% in a month – 14 reasons the iron ore price has a lot further to fall.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Pit collapse at jade mine in Myanmar leaves at least 13 dead

It is the latest in a series of deadly accidents in recent months to hit Hpakant, where as much as 90% of the world's jade is mined, mostly illegally.

China plans $720B infrastructure investment, but iron ore still oversupplied

China plans to invest CNY4.7 trillion ($720 billion) on 303 transport infrastructure projects over three years but that may not be enough to give a strong boost to commodity prices in an oversupplied market.

Harvard, IMF economist: Emerging markets must go for gold

If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes

One in five rare earth companies want out

A new survey of the rare earth industry outside China shows many producers and processors are responding to weak prices by exiting the market.

Copper price won't lag spiking oil for much longer

China's spending on infrastructure is being front-loaded and should translate into significantly higher copper demand later in the year.

Chart of the Week: 'China's debt bomb'

The ramp up in Chinese debt accumulation has been a leading concern of investors for years.

China’s ICBC buys giant London gold vault from Barclays

The deal, due to close in July, will make ICBC Standard the only Chinese bank to operate a vault in London.

Eldorado Gold to sell remaining assets in China to Yintai Resources for $600 million

The deal marks the end of Eldorado’s reign in China.

Iron ore keeps dropping

Supply-demand fundamentals for iron ore appear to be moving back to balance amid steel supply concerns and after Chinese stock market regulators announced more steps to discourage speculative trading in the steelmaking commodity.

Gold demand just had a major growth spurt

Negative interest rates and slow growth have fuelled investors' demand for gold in record-breaking fashion.

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

Intrepid Potash idles US mine, lays off hundreds

The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

Iron ore price bubble bursting

In a rerun of last year's stock market collapse in China, mainland retail investors are now fleeing raw material markets frantically bid up since March.

Worst week for iron ore price since October 2011

Rout continues ahead of crucial Chinese import data.

Landslide at jade mine in Myanmar leaves at least 13 dead

Dozens are believed to be buried under the waste left by the mudslide in Myanmar’s Kachin state.

Iron ore price drops below $60

Down 9% since Monday as Chinese speculators pull out and Rio Tinto CEO warns of oversupply.

London starts to see the shine in China’s gold plans

There appeared to be a changing tide of acceptance rather than concern over the past fortnight, that Shanghai is becoming a bigger, and more influential, cog in the global gold machine.

Mapped: The global coal trade

The global coal trade doubled in the decade to 2012 as a boom took hold in Asia. Now, the coal trade seems to have stalled or even gone into reverse.

Why China is really dictating the oil supply glut

The Chinese urgency points to two things. China believes that crude oil prices will not remain at the current levels for long, and that a disruption is possible due to geopolitical reasons, which can propel oil prices higher.

China and India could destabilize global coal market

Tectonic shifts in the global coal market are underway, posing a series of questions for traditional coal supply markets.

China scare drops mining stocks

Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.