China Mining News

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Gold spending in India is set to get a boost from a strong monsoon season

Since before recorded human history, the people of India have had an insatiable appetite for gold, treasuring it not only for its flawless natural beauty and religious significance but also as a superb store of value.

Iron ore’s rally has its days numbered — Citi

Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.

These Olympian gold royalty companies are insanely attractive

Frank Holmes says royalty and streaming companies show great opportunity on the upside but avoid many of the risks that explorers and producers must deal with.

China announces new loan in international reserve asset…which may affect gold price

The World Bank is the first entity to approve of it and consequently marks the launch of the SDR bond market of the worlds’ second-largest economy.

Growth in Chinese thermal coal imports won't last

Surprise spike in imports this year is not a trend says new report.

Moody’s has just called the bottom of the commodities rout

The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

Copper price is going nowhere

New report says base metal prices have bottomed, but there's hardly any upside – and that includes the zinc price.

Four China charts to turn you into a mining bull

And one that's ultra-bearish.

Chinese ban may breathe new life into zinc price rally

Beijing cuts off power to 26 mines in key Chinese zinc, lead production region.

Major tailings dam burst reported in China

Villagers evacuated before tailings dam burst at aluminum refinery in Henan province destroyed nearby town.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.

Lithium market small but complex

Every junior commodity market has its share of pretenders to go along with the contenders as prices and demand move up.

This chart shows how tough mining conditions still are

Glencore's will continue to curtail production in zinc, copper and other metals – it's clear why.

CHARTS: Maybe India can ignite new commodity supercycle

Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.

Ivanhoe Mines’ DRC project likely Africa's top copper discovery shows fresh drilling results

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

Copper price falls again despite monster Chinese imports

Chinese concentrate imports continue at record-breaking pace, surging 36% in 2016, but copper's fresh slide to month low shows bears are in control.

China's stranglehold on REEs offers opportunities

Richard Karn, managing editor of The Emerging Trends Report, makes the argument for investment in rare earth and specialty metals, and explains why one company is a particularly smart bet for investors.

Iron ore price soars past $61 per tonne to fresh 3-month high

Iron ore’s resilience in recent months has defied many analysts’ forecasts, as Beijing’s stimulus plans, restocking by Chinese steel mills and historically low port stockpiles have supported prices.

China’s war on coal keeps fuelling prices recovery — up 30% since April

Beijing’s decision to ease production has sent coal prices soaring this summer.

China and Russia continues to buy into bullion

The rush to buy gold continues as major economies add to reserves.