China Mining News

Anjin employees still waiting for termination benefits

The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.

China's building a mega city from scratch – it's going to suck in lots of steel, copper

Forget One Belt, One Road, the impact of Xiongan New Area on copper, iron ore and aluminum prices will be felt much earlier says new report.

China successfully mines flammable ice from the South Sea

During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Eldorado to take full control of Integra Gold as its expands to Canada

Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.

China and India on aggressive electric vehicle push

China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.

Iron ore to hit $44 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.

Philippines to keep mining law intact, despite new minister appointment

The new head of the environment office, Roy Cimatu, has however said he believed it was possible to balance mining and natural resources protection.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

Coking coal price slumps again

Chinese steelmakers overestimated impact of Australian cyclone and the market is now awash in met coal.

Copper price: Plunge in China imports wipes out 2017 gains

Chinese refined copper imports for April down 30%, concentrate shipments decline 17%.

Here's why the iron ore price is tanking

And why the worst may be over already.

Iron ore free fall wreaks havoc with main producers

It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.

Coloured diamonds becoming everyone’s favourite, auctions show

Diamonds – and especially the fancy colored stones – continue to hold investors in thrall, and auction houses are ensuring the fascination endures with sales featuring some stunning selections.

Iron ore craters again — down 5% in only 24 hours

In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.

Philippines shows anti-mining environment minister the door

Congress decision puts and end to a 10-month tenure during which Regina Lopez ordered the closure of more than half the country's mines and banned open-pit mining.

Iron ore climbs on Chinese restocking

The end of the Labour Day holiday in China saw fresh demand for iron ore and steel, with both commodities rising in tandem today.

Illegal Chinese gold miners blamed for pollution, violence in Ghana

Government officials’ comments add bitterness to the already resentful locals, following wave of negative coverage of Chinese mining practices in the Ghanian media.

Philippines extends mining ban, now forbids open-pits

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.

Vale’s first quarter profit lower than expected as rains hurt iron ore output

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

Copper, lead, zinc prices to stay on the boil

New World Bank outlook for commodities predict 32% price jump for zinc and 18% for copper and lead, but outlook for nickel price in 2017 is murky.

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.