China Mining News

Vale board OK’s sale of fertilizer unit — report

Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.

Physical gold market in largest surplus in a decade

New report shows higher gold price during third quarter sparked 20% surge in global scrap supply even as jewellery sales in Asia fall to multi-year lows.

China’s lithium-ion battery market: drivers behind it and its sustainability

The China Lithium-Ion Battery market has seen a massive surge in growth over the last years, with a CAGR in excess of 50% since GCiS’ previous research conducted in 2011.

Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.

All these Australian mines are reopening thanks to the rally in coal prices

Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.

Veolia’s HPD crystallization technology chosen for new lithium processing plant in China

Veolia Water Technologies is providing HPD® Evaporation and Crystallization equipment vital to the operations of General Lithium Ltd’s new lithium hydroxide monohydrate and lithium carbonate plant in Jiangxi Province, China.

Report: China could be on verge of gold buying boom

While jewellery sales are down, a plummeting currency is lighting a fire under gold portfolio investors.

Protest ends at MMG’s Las Bambas copper mine in Peru, exports to resume

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

CHART: No stopping insane coal price rally

Steelmaking coal surges again and seaborne price for coal used in power generation reaches highest since May 2012.

Chinese coal-mining boss sentenced to death 

The former manager of a Chinese state-owned coal-mining firm has been found guilty of accepting bribes and given a death sentence.

Rio Tinto to ship less iron ore despite increased demand from China

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

2017 not so good for nickel: BMI

BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.

Cat scales back room and pillar business

CAT said it remains committed to existing customers.

Gold prices up

December Comex gold was last up $7.40 an ounce at $1,270.30.

Thermal coal just hit $100 per tonne and may stay this high until 2017

The last time prices for the commodity were this high was in 2012.

Miners still sceptical that coal surge will hold

Prices rose after China — the world’s biggest consumer and producer — cut its output.

Peruvian farmer who died in protest against MMG’s Las Bambas mine was shot to death — Gov’t

He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.

Philippines to extend ban on new mines, review current permits

The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.

Comex copper price falls

The red metal closed Thursday at $2.1220 per pound.

Coking coal, iron ore prices resume surge

Chinese traders back from week-long holiday continue to chase steelmaking raw materials.

Futures markets point to 'overcooked' coking coal price

CHARTS: Panic buying from Europe and India said to be behind met coal surge.

Technicals, Chinese holiday behind much of gold price drop

Chinese gold investors usually buy on dips, but the country's financial markets were closed for the annual Golden Week holiday.

CHART: Coking coal surge could kill quarterly pricing

During Q3, the daily spot price averaged almost $133 per tonne, 44% higher than the quarterly benchmark agreed in late June.

US remains almost entirely dependent on China rare earths

US imports 91% of its rare earth needs from China as low price environment bankrupts producers and stalls projects elsewhere.

China to reach target in cutting coal overcapacity by year-end

The world’s biggest coal producer expects to reach targets for cutting unneeded capacity by the end of 2016, which is earlier than planned.