China

Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

Cecilia Jamasmie | December 19, 2014
Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.

CHART: China vs copper – much better than you think

Frik Els | December 18, 2014
CHART: China vs copper – much better than you think

It's all about the base.

Uranium picks up on Asia’s renewed appetite for nuclear energy

Cecilia Jamasmie | December 18, 2014
Uranium picks up on Asia’s renewed appetite for nuclear energy

China’s increased reliance on nuclear energy and Japan restarting its reactors are only two of the factors driving prices up.

Iron ore hits new low after weakest China imports in 16 years

Frik Els | December 17, 2014
New iron ore price low after weakest China imports in 16 years

Benchmark iron ore price drops to fresh five-and-a-half-year low after November Chinese imports fall for the first time since 1998.

Chinese rare earth giant born

Frik Els | December 16, 2014
Chinese rare earth giant born

Owner of Bayan Obo mine Baotou Steel acquires five rare earth refiners with 73,500 tonnes capacity forming industry dominant China North Rare Earth Group.

ICL signs strategic deal with China's Yunnan Yuntianhua Group Co.

Newswire | December 16, 2014

The global manufacturer of products based on specialty minerals that fulfill essential needs of the world's growing population in agriculture, processed food and engineered materials markets, is partnering up with Yunnan Yuntianhua Group Co. Ltd..

China lowers coal export levies to boost ailing economy

Cecilia Jamasmie | December 16, 2014
China lowers coal export levies to boost ailing economy

The country will cut export tariffs for coal from Jan. 1 as part of broader efforts to drive economic growth.

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

HK exchange to start gold trading in Shanghai

China Daily | December 16, 2014

Members of the century-old Chinese Gold & Silver Exchange Society in Hong Kong should be able to start trading the yellow metal in Shanghai from March next year, allowing them to tap into mounting demand on the Chinese mainland, the world's leading gold consumer.

China’s nuclear giant grabs majority stake in UK wind farms

Cecilia Jamasmie | December 15, 2014
China’s nuclear giant grabs majority stake in UK wind farms

The deal marks China General Nuclear Power's first big acquisition of onshore wind generating capacity in the west.

10 miners killed in China mine explosion

Associated Press | December 15, 2014

Ten Chinese miners were found dead Sunday hours after they were trapped underground in an explosion at a mine in the northeastern province of Heilongjiang, state media said.

Global economy: why it’s a year-end “mess”

Daily Gains Letter | December 13, 2014

The blue-chip Dow Jones Industrial Average (DJIA) fell 185 points on Tuesday, prior to rallying to cut its loss—but this was followed by a 170-point intraday decline on Wednesday.

Spare dollars

GoldMoney | December 12, 2014

This week I look at another aspect of the dollar, which almost certainly will become a significant source of supply: a global shift out of it by foreign holders.

A big boys game: BHP ships 1bn tonnes iron ore to China

Frik Els | December 11, 2014
BHP ships one billionth tonne iron ore to China

BHP's first ore left Port Hedland in 1973, but 900m tonnes where shipped just over the last 12 years.

Major miner 'Divesting' out of China – CEO explains Eldorado's move

Sprott's Thoughts | December 11, 2014
china dragon gold

It is planning to partially divest itself of its Chinese assets, placing them into a new company listed in China, and partially owned by new Chinese investors.

Here is what India needs to effectively manage gold demand — interview

Cecilia Jamasmie | December 11, 2014
Here is what India needs to effectively manage gold demand — interview

Somasundaram PR, Managing Director of the World Gold Council India, peels back the underlying weakness of India’s gold trade in an interview with MINING.com.

Diamond demand, prices set to soar in next decade

Cecilia Jamasmie | December 9, 2014
Diamond demand, prices set to soar in next decade

Financing and marketing are two of the key challenges the industry will have face when trying to keep the global diamond market growing.

Larger players account for 40% of global exploration budgets

SNL Metals & Mining | December 9, 2014
Low metal prices put chill on global mineral exploration

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.

Simon Moores - Benchmark Mineral Intelligence

Has China reached peak graphite?

China isn't slowing down, it's buying up

New data from Benchmark Mineral Intelligence shows China’s share of global natural graphite output in 2014 falls to mid-1990 levels.

‘Gold-fanatic’ Chinese officer made some $5bn from bribes: report

Cecilia Jamasmie | December 8, 2014
‘Gold-fanatic’ Chinese officer made some $5bn from bribes: report

Anti-graft advocates believe corruption in the Chinese military is so pervasive that it could undermine the nation’s ability to wage war.

Trafigura bullish on strong results, hands $885m to top executives

Cecilia Jamasmie | December 8, 2014
Trafigura bullish on strong results, hands $885 to top executives

The buyback was revealed in the company’s annual report, which showed improved operating profits in spite of difficult market conditions in the last two years.

China net gold import 1,212t Jan – Nov

BullionStar | December 8, 2014
china dragon gold

Withdrawals from the Shanghai Gold Exchange (SGE) – currently the best indicator of Chinese wholesale demand – keep up a strong pace.

Sandvik relocates global equipment unit to India and China

Cecilia Jamasmie | December 5, 2014
Sandvik relocates global equipment unit to India and China

The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.

China’s rising: best investment vehicle to make money from it

Daily Gains Letter | December 5, 2014
car_china_auto_vehicle copy

While China is struggling with its gross domestic product (GDP) growth metrics, the country’s main stock market—the Shanghai Composite Index (SCI)—is easily outperforming the S&P 500 and NASDAQ.

Iron ore price surges

Frik Els | December 4, 2014
Iron ore price surges

Benchmark 62% fines up 3% and premiums for high quality lump ore jump to 11-month high.

Jeffrey Nichols: paper gold bears losing grip on price

Frik Els | December 4, 2014
Jeffrey Nichols: paper gold bears losing grip on price

Physical buyers numbering millions are setting up a sustainable long-term gold price upswing in the face of a small group of speculators.

More »