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.
China Mining News
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 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.
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'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.
Investing in copper might be the simplest way to profit from the ongoing global urbanization.
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?
The numbers for silver demand are starting to make some market-watchers nervous.
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.
ICL says a new potash contract further strengthens the Israeli company's presence in the growing Chinese market.
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.
The mainstream press loves to talk about emerging market demand as a cause of inflation, rising prices and the bull market in commodities.
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 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 […]
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. […]
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.
New A-shares issue to be limited to maximum of 10 investors. Proceeds of share issue to fund Xing Xian alumina project.
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.
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.
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 […]
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.
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.
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.