China

Australia’s $6.5bn Oakajee project backer holds long record of shady business

Cecilia Jamasmie | April 22, 2014
Australia’s $6.5bn Oakajee project backer holds long record of shady business

The Oakajee port and rail project has the potential to become one of the major suppliers of Australian iron ore to Asia.

Turnaround stories revolve around proven management

The Gold Report | April 21, 2014
proven management boss turnaournd feat

Very recently, we've been subtly shifting from producers and near-producers to advanced developers.

China opens Beijing to direct gold imports

Cecilia Jamasmie | April 21, 2014
China opens Beijing to direct gold imports

The move is considered by many a threath to Hong Kong’s transit role.

Canada to lose 695 coal mining jobs in same province bringing Chinese workers

Cecilia Jamasmie | April 21, 2014
Canada to lose 695 coal mining jobs in same province bringing Chinese workers

While Walter Energy shuts down two coal mines, leaving hundreds unemployed, HD Mining International plans to bring up to 480 Chinese workers to British Columbia.

US first rare earth mine in decades may be in Wyoming

Cecilia Jamasmie | April 20, 2014
US first rare earth mine in decades may be in Wyoming

At the moment about 90% of the world’s rare earths —used in a variety of industries including green technology, defence systems and consumer electronics— come from China.

Scientists find 'easy' way to extract rare earths from seafloor

Cecilia Jamasmie | April 20, 2014
Scientists find way to extract vast amounts of rare earths from seafloor

The new method simplifies the process and may push miners to try securing more licences to explore the seabed.

China coal mine death toll rises to 21

Cecilia Jamasmie | April 20, 2014
China coal mine death toll rises to 21

Last year alone 1,049 people were killed or went missing in mining-related accidents in the nation, the world’s largest consumer of coal.

Sliding Chinese currency takes blame for gold price weakness

Frik Els | April 18, 2014
Sliding Chinese currency could be behind gold price weakness

Some 1,000 tonnes of gold have been used in highly complex and lucrative deals designed to skirt Chinese capital controls. Deals that are now being unwound.

One more reason iron ore price won't stray too far from $120

Frik Els | April 18, 2014
One more reason iron ore price won't stray far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

We have to talk about Fanya Metal Exchange

Frik Els | April 18, 2014
We have to talk about Fanya

The rare earth storm has passed, but a new critical metal conundrum could be ahead for the West.

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

Cecilia Jamasmie | April 17, 2014
China, Japan and ‘mistery local billionaire’ potential developers of Oakajee project

While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.

Sales at world's largest rare earth firm halves, profits evaporate

Frik Els | April 16, 2014
Sales for world's largest rare earth firm halves, profits evaporate

Baotou says WTO ruling will only increase pain for the industry.

36,000 Chinese couples marry each day and gold gifts are de rigueur

Frik Els | April 16, 2014
In China the ball and chain is made of gold

Parents on either side give the couple gold – what jewelry stores call jiehun san jin, literally "marriage, three gold".

Three variables to consider before investing in gold

Daily Gains Letter | April 16, 2014

While there continue to be many gold bugs out there, I’m not one of them—but I do see gold as a trading opportunity.

Copper price rally comes to abrupt end

Frik Els | April 15, 2014
Copper price rally comes abrupt end

After steady recovery from near four-year lows, copper price sinks below $3 a pound again over China and supply growth worries.

China’s appetite for gold down, but not gone: World Council

Cecilia Jamasmie | April 15, 2014
China’s appetite for gold down, but not gone: World Council

The country's gold fever is expected to cool this year.

Glasenberg pulls off blockbuster Las Bambas deal

Frik Els | April 13, 2014
Glencore gets $6bn cash for Las Bambas

Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.

Gundlach on Chinese economic growth: 'How about a minus 7?'

Frik Els | April 13, 2014
Gundlach on Chinese economic growth: 'How about a minus 7?'

Founder and chief investment officer of $49 billion DoubleLine Capital may be a huge China bear, but he likes gold.

Imperialism Déjà Vu

Major powers are scrambling for as much of the world’s resources as they can control. Exploration and drilling intensify daily. Previously inaccessible or unprofitable areas are targeted – the days of easy access to the globe’s resources no longer exist.

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Maritime piracy shifts to Atlantic, Southeast Asia

Frik Els | April 10, 2014
Maritime piracy shifts to Atlantic, Southeast Asia

Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.

Signs of Chinese import surge lifts iron ore price to 6-week high

Frik Els | April 9, 2014
UPDATE: The Ore Wars after the Flash Crash

Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.

Zachary Schumacher's 'State of the Rare Earths' address

The Mining Report | April 9, 2014

As China's rare earth production winds down, other sources worldwide could shape up to reward early investors.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Iron ore price tracks higher as Chinese finance deals unravel

Frik Els | April 8, 2014
Iron ore price recovery continues as Chinese finance deals unravel

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

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