China

China admits 40% of magnetic rare earths supply is illegal

China's rare earth industry will look very different in 6 months

World's dominant supplier of rare earth elements reveals a huge portion of supply used in magnets is illegally mined; much larger than initially anticipated.

Stefan Ioannou: copper, nickel and zinc won't be cheap for long

The Mining Report | October 21, 2014
Copper near 12-week high on hopes of Chinese stimulus

The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last.

Simon Moores - Benchmark Mineral Intelligence

China admits 40% of magnetic rare earths supply is illegal

China's stake in rare earths market shrinking

World's dominant supplier of rare earth elements reveals a huge portion of supply used in magnets is illegally mined; much larger than initially anticipated

Copper price back below $3 on supply worries, Chinese GDP

Frik Els | October 20, 2014
Copper price back below $3 on supply worries, Chinese GDP

Chinese economy expected to grow at slowest pace since 2009 just as flood of new supply enters the market.

China sets tougher restrictions on illegal mining, exporting of rare earths

Cecilia Jamasmie | October 20, 2014
China sets tougher restrictions on illegal mining, exporting of rare earths

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

Jinchuan Group to Restructure Gansu Rare Earth Group

China.com | October 20, 2014

It was reported that Baogang Group expressed strong interest in getting a controlling stake in Gansu Rare Earth Group.

One of these five companies will run the gold fix

Cecilia Jamasmie | October 20, 2014
One of these five companies will run the gold fix

Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.

Copper price below $3 as mines add a million tonnes

Frik Els | October 16, 2014
Copper price below $3 as mines add 1 million tonnes

Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.

Iron ore price crushed again

Frik Els | October 16, 2014
Iron ore price crushed again

Those calling a market bottom after Monday's surge and Chinese import gains may have been premature.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

China's inland mills could be in market for 300mt seaborne iron ore

Frik Els | October 15, 2014
China's inland mills could be in market for 300mt seaborne iron ore

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

Chinese banks go after silver and gold fix

Cecilia Jamasmie | October 14, 2014
Chinese banks go after silver and gold fix

Since it first debuted in August, only five participants have signed up to the price setting process.

Cecilia Jamasmie

China's new coal import tax a disaster for Australian miners

Cecilia Jamasmie | October 10, 2014
China's new coal import tax a disaster for Australian miners

The sudden reversion to protectionism is designed to save the local coal industry.

This pink diamond sold for a historic record of $18 million

Cecilia Jamasmie | October 10, 2014
This pink diamond sold for a historic record of $18 million

It has set a world auction record on a per-carat basis for a gem of this colour.

Valemax finally allowed at Chinese port

Cecilia Jamasmie | October 10, 2014
Valemax finally allowed at Chinese port

The mega-ship Shandong Da Ren docked at Dongjiakou port in Qingdao, eastern China, on Oct. 2.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Port Hedland's iron ore shipments to China fall in Sept

Cecilia Jamasmie | October 7, 2014
Port Hedland's iron ore shipments to China fall in Sept

But with BHP Billiton's announced production boost the port is likely to recover quickly.

Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

Cecilia Jamasmie | October 6, 2014
Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.

India poised to overtake China as world’s largest coal consumer

Cecilia Jamasmie | October 6, 2014
India poised to overtake China as world’s largest coal consumer

The country continues to battle chronic power shortages that are crippling its growth.

Ship laden with Arctic nickel on historic Northwest Passage voyage

Frik Els | October 3, 2014
Ship laden with Arctic nickel on historic Northwest Passage voyage

The polar class vessel is loaded with a cargo of nickel concentrate from Nunavik’s Deception Bay destined for the port of Bayuquan, northern China.

Greenspan sings gold’s praises as China aims for 8,500 tons

Gold Miners Report | October 3, 2014

As if the geopolitical situation across the globe weren’t volatile enough, the massive demonstrations in Hong Kong have only added fuel to the fire.

Alrosa diamonds sales reach $3 million in less than 10 days

Cecilia Jamasmie | October 1, 2014
Alrosa diamonds sales reach $3 million in less than 10 days

At the 2014 Hong Kong Gem & Jewellery Fair.

Anglo American to start mining at massive iron ore project in Brazil

Cecilia Jamasmie | October 1, 2014
Anglo American to start mining at massive iron ore project in Brazil

The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.

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