China Mining News

China shuns Indian iron ore in favour of Australia's

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Iron ore reverts to supply-driven market after 2016 aberration: Russell

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.

Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.

World’s top coal producer to close 37 mines

Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Rio Tinto in search of next Oyu Tolgoi in Mongolia

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

How China, not Obama, waged the war on coal

Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.

Gemfields beats own ruby sales record at Singapore auction

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

China's Fosun spices up battle for Gemfields with 10% bid premium

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

World coal production falls off a cliff

China, the world's largest energy consumer, burned the least coal in six years.

Yancoal grabs Mitsubishi stakes in Rio Tinto's coal mines in $940m deal

Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.

Coking coal price slides to 8-month low

Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.

North Korea coal exports down to zero on China ban, UN cap

Coal shipments from North Korea to China fell from 1.4 million tonnes, worth $126 million, in January to zero in April.

SLIDESHOW: The iron ore price wars 2002–2017

Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.

Copper price jumps on Chinese imports surprise

Chinese demand for refined copper up 30% in May while falling concentrate imports point to tight supply.

The hard-to-believe steel shortage that's unfolding in China

Fortescue’s Power says rebar prices have jumped after closures

Detention of illegal Chinese miners in Zambia infuriates Beijing

The group of 31 people arrested over the weekend at the copper-mining town of Chingola, includes a pregnant woman and two other people with malaria.

Shandong to borrow $1.26B to buy half of Argentinian gold mine

Top Chinese gold producer Shandong Mining will have to arrange financing before unlocking its half of the Veladero mine in Argentina.

The iron ore price also rises

Up 2% on Friday as traders weigh impact of outage at BHP's largest iron ore mine in West Australia.

Iron ore plunge hurting miners — down to fresh 7-month low

Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.

Coal mine openings in the US inject some hope into beleaguered sector

Corsa Coal’s Acosta Deep mine, to begin operations in June, will create about 600 jobs.

Animation: China’s rapid transit boom (1990 – 2020)

After decades of hyper-growth and worsening pollution, China has fully embraced rapid transit as a way to keep cities moving.