China Mining News

Australia hoped to limit Chinese resources investments – Wikileaks

According to U.S. embassy cables released on Wikileaks, Australia's changes to foreign investment rules in 2009 were aimed at limiting Chinese investments in local mining companies.

Canada eclipsed China in mining M&A: PwC report

China may have dominated mining news headlines over the past year, but it is a small player when it comes to mergers and acquisitions, according to a report released today from PwC. The Mining Deals report states that in 2010, just 6% of global mining involved purchases by Chinese companies, compared to 36% from companies domiciled in Canada, 16% in the US and 16% in Australia. The numbers appear to dispel the myth that China is amassing control of the world's resources by merging and acquiring firms into its orbit.

Australia still world's no. 2 gold producer

Australia produced 266 tonnes of gold in 2010, up 17% on 2009 but not enough to secure it first place as China's output grew to 341 tonnes in the same period. Australia maintained its number two ranking in gold output behind China in 2010

Making use of methane: Methane recovery technology by Australia-based Industrea is getting a lot of attention in China

In October 2010 the Chinese government shut down 1,611 illegal coal mines in an effort to improve an industry whose working conditions have been described as harsh, dangerous, and often fatal. Last year in China more than 2,600 people died in mining-related accidents, including explosions, floodings and cave-ins, although fatalities have decreased in recent years due to increased safety inspections and the government shuttering illegal mines.

The China Factor: Robust demand for thermal coal

In this series of short articles I present a few of my notes and observations on thermal coal, uranium, vanadium, molybdenum, copper and gold — commodities that were discussed at Roundup 2011 technical exploration conference in […]

China seeks to reduce heavy metals pollution

China's environmental protection agency has vowed to curb heavy metal pollution in a bid to cut widespread industrial contaminants like lead that have poisoned children and sparked protests.

Follow the money: how to profit from copper's next wave

Investing in copper might be the simplest way to profit from the ongoing global urbanization.

Bottleneck or supply deficit?

There have been numerous reports of bullion shortages in many parts around the world, along with rising premiums. And the two explanations – we’re running out of gold! and, it’s just a manufacturing bottleneck – are at odds with one another. So, who’s right?

How much more demand can silver handle?

The numbers for silver demand are starting to make some market-watchers nervous.

China to launch rare earth regulatory body

While Beijing has already implemented a quota system for rare earths, the country is set to launch an industry association that will monitor exports and ensure a rare earth reserve system.

Israel Chemicals to supply 500,000 tons of potash to China

ICL says a new potash contract further strengthens the Israeli company's presence in the growing Chinese market.

Cazenove’s Griffiths weighs in on gold, silver markets, mining M&A

Robin Griffiths, Cazenove Capital Management's well-regarded private wealth strategist, speaks to King World News on the demise of the long bull-run in the bond market, the direction of gold, M&A in the gold mining sector and the gold/silver ratio — what it means for the price of silver.

Monetary inflation and supply concerns drive commodities more so than demand

The mainstream press loves to talk about emerging market demand as a cause of inflation, rising prices and the bull market in commodities.

Japan to invest billions in Africa to compete with China

Japan is keen to invest "billions of dollars" in minerals and infrastructure in Africa, trying to catch up to regional rival China for influence on the continent, a Japanese trade official said on Tuesday.

Silvercorp's net income up 140% to 29.7 million in Q3

Silvercorp Metals Inc. reported that net income was up 140% to $29.7 million or 18 cents a share. The company released its third quarter results for the period ending December 31, 2010. According to the […]

Iron ore prices remain stable while China slumbers

With China out of the picture for the Lunar New Year holiday, spot iron ore prices show minimal variation.

Moly Mines receives $250 million of help from China Development Bank to develop molybdenum/copper mine

Moly Mines Ltd. announced on Sunday that it received a commitment letter from the China Development Bank for US$250 million to be used for the development of a molybdenum/copper mine. CEO of Moly Mines, Dr. […]

Yet another new China gold production record in 2010

China, the world's largest gold producer each year since 2007, has further increased domestic gold production in 2010 with an 8.57% rise over the previous year's output.

China's Chalco Aluminum plans $1.4bln share sale

New A-shares issue to be limited to maximum of 10 investors. Proceeds of share issue to fund Xing Xian alumina project.

Gold and silver are on the starting blocks 31 January 2011

A strange start to the year and a strange end to a volatile week, so we take a whiz across the air waves in order to get a ‘feel’ of whats going on, so this will be a mixed bag of data.

No End in Sight to Commodities Boom: Panelists

The bull market for commodities that made 2010 a banner year for mining and mining exploration is likely to continue throughout 2011, according to three panelists who addressed the question at a recent forum in Vancouver, Canada.

Musings on the Record Price of Copper

The spot price of copper jumped to $4.40 on December 31, exceeding previous highs set daily over the past week. Today we discuss copper’s meteoric price rise during the past five months, dissect current supply […]

Philippines hoping for a Colombia-like repeat in its mining sector

There are more than a few explorations companies drilling holes in the Philippines these days, all with the quiet hope that the country soon finds favour with serious resource investors in the much the same way that Ventana Gold and others became overnight rock stars, if you will, with their projects in Colombia.

Hunt For Uranium Assets Starts To Get Heated

The global uranium market is dominated by just 10 players – companies that account for 60% of the world’s production of yellow cake. While Canada’s Athabasca Basin remains the hotspot for the highest-graded uranium coming out of the ground, other countries are pushing hard to ramp up their own uranium markets, such as Kazakhstan, Tanzania and Namibia, which is about to finalize its first nuclear policy by the middle of the year.

Lithium demand on the rise

The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.