China

'Resounding bearishness' grips iron ore market

Frik Els | January 29, 2015
'Resounding bearishness' grips iron ore market

The iron ore price fell again on Thursday losing nearly 6% in four days and falling to a fresh five-and-a-half year low within shouting distance of $60.

Here is how metal-eating bacteria may make asteroid mining profitable

Cecilia Jamasmie | January 29, 2015
Here is why metal-eating bacteria may make asteroid mining profitable

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

China’s gold imports plummet

Frik Els | January 27, 2015
China’s gold imports plummet

Down nearly a third in 2014 as anti-corruption drive curbs conspicuous consumption and investment money flows into Shanghai stock market.

Another day another iron ore price drop

Frik Els | January 27, 2015
Another day another iron ore price drop

Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.

The bottom is falling out of the iron ore price

Frik Els | January 26, 2015
The bottom is falling out of iron ore price

Down 4% to fresh five-and-half year low.

Undisclosed number of diamonds stolen from South African mine

Cecilia Jamasmie | January 26, 2015
Undisclosed number of diamonds stolen from South African mine

Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.

Anglo hit by platinum, iron ore units lower earnings outlooks

Cecilia Jamasmie | January 23, 2015
Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Eldorado Gold down 18% on awful outlook

Frik Els | January 21, 2015
Eldorado Gold down 18% on awful outlook

Vancouver gold miner forecasts minimum 80,000oz dip in output this year even as costs at mines in Greece, Turkey and China surge as much as 28%.

Gold climbed past the $1,300 mark for first time in five months

Cecilia Jamasmie | January 21, 2015
Gold climbed past the $1,300 mark for first time in five months

But it lost its gains right after two ECB officials said policy makers would propose purchasing 50 billion euros in assets per month through the end of 2016.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Canpotex secures potash demand from China in deal with Sinofert

Cecilia Jamasmie | January 20, 2015
Canpotex secures potash demand from China in deal with Sinofert

Minimum of 1.9 million metric tons of red standard-grade potash over three years.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Rio Tinto digging up more iron ore despite slumping prices

Cecilia Jamasmie | January 20, 2015
Rio Tinto digging up more iron ore despite slumping prices

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

Fish sperm a ‘key ingredient’ to recycling rare earth elements

Cecilia Jamasmie | January 19, 2015
Fish sperm a ‘key ingredient’ to recycling rare earth elements

Japanese scientists have developed a process that uses salmon sperm to mine and reprocess rare earth elements (REEs).

Foreign producers struggle as China scraps rare earth import quotas

Asian News | January 19, 2015

The removal of the export quotas follows a year of regulatory changes in the rare earth industry, such as the formation of the Bataou Rare Earths Products Exchange in March 2014 and the consolidation of smaller producers, including illegal mining operations into two state-owned regional monopolies.

Eric Coffin: is market sentiment shifting to gold?

The Gold Report | January 19, 2015
dark-tunnel-mine-with-light-333

So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks.

Goldcorp strikes $440 million deal for Probe Mines

Cecilia Jamasmie | January 19, 2015
Goldcorp strikes $440 million deal for Probe Mines

The move will see the miner taking control of the Borden Gold project in northern Ontario.

Iron ore price: Closing marginal producers not enough

Frik Els | January 16, 2015
Iron ore price: Closing marginal producers not enough

Next round of displacements will come from mines "that just 18 months ago could have been making $50/mt or more in cash margin" says new report.

Norton Rose Fulbright

Defending mineral tenure in Canada against foreign court orders

Norton Rose Fulbright | January 15, 2015
mining claim 333

A mineral exploration company faced an unusual situation recently, when Ontario mining officials enforced foreign orders against mining claims for which the company had recorded its interest.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

Cecilia Jamasmie | January 15, 2015
Shanghai gold trade gets a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

Copper price plummets as commodities drop to 12-year low

Frik Els | January 13, 2015
Copper price plummets as commodities drop to 12-year low

Copper price slumps 5% to lowest since July 2009 on Tuesday as worries about global growth overwhelms industrial metals markets.

Sandvik unveils new mid-range mining crushers

Cecilia Jamasmie | January 13, 2015
Sandvik unveils new mid-range mining crushers

Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.

China’s green ban hitting Aussie coal exporters hard

Cecilia Jamasmie | January 12, 2015
China’s green ban hitting Aussie coal exporters hard

Australia exports as much as 49 million tonnes of thermal coal a year to China.

Battle for control of Asia Resource heats up

Cecilia Jamasmie | January 12, 2015
Battle for control of Asia Resource heats up

Its chairman Bob Kamandanu decided to step down only weeks ahead of a vote proposed by largest shareholder Samin Tan to replace most directors and take the reins at the company.

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