China Mining News

Mining M&A to Double in 2010

International accounting major Ernst & Young LLP believes the value of mergers and acquisitions in the mining industry may more than double this year as China seeks to secure supplies of raw materials……more at Wealth […]

China and India – the Asian gold-buying phenomenon

The ever growing purchasing power of the Chinese and Indian general populations throws bearish fundamental analyses of the gold market into disarray.

Now India moving to tie up strategic global minerals supplies

India is reportedly to follow China's lead in using government entities to tie up strategic mineral supplies from around the world to help enable it to maintain economic growth.

Rio iron ore output soars, ups ante for prices

Rio Tinto , the world's second-biggest iron ore miner, beat its forecast for iron ore output, reflecting surging demand from Chinese steelmakers and setting the stage for tough contract price talks.

Eldorado Gold to resume operations at White Mountain

The group says it expects the Chinese mine to ramp-up to full production quickly

ABB sets another record with ultrahigh-voltage power project in China

Zurich, Switzerland, Jan.11, 2010 – ABB, the leading power and automation technology group, announced the successful ‘open-line’ test for Pole 1 of the 800 kV (kilovolt) UHVDC (ultrahigh-voltage direct current) Fengxian converter station in Shanghai, […]

Another China coal mine disaster kills at least 25

China is one of the most dangerous countries in the world for miners and its coal mines have a particularly bad safety record. The latest disaster has left 25 miners dead and three others still missing.

A bright future predicted for aluminium producers supplying China’s demand

Aluminum demand in China is expected to grow by 15% in 2010 on the back of revivals in the construction and automobile sectors, www.chinamining.org reports. According to reports, aluminium’s long-term prospects are good as China is still heavily into urbanisation and its metal intensive growth is likely to continue for many years to come. About 65% of [...]

China’s 2010 coal demand could rise 4%-6%, according to China Securities Journal

China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China Securities Journal said, reporting on a forecast from the China National Coal Association. Demand from the world’s biggest producer and consumer of coal could be about 3,400 Mt from this year, the newspaper [...]

Bold plans

NOT one for small ideas, Waratah Coal CEO Peter Lynch has a bold vision for the underground component of the China First project in the Galilee Basin – four longwalls each producing 9 million tonnes […]

Two die, eight injured as violence erupts again over Chinese mine in Peru

The shootout occurred as Peruvian police tried to arrest a suspect for attacking a mine owned by Zijin mining

FLSmidth receives copper order in Peru

Company Announcement to the Danish Financial Supervisory Authority No. 46-2008, 11 November 2008 FLSmidth Minerals has signed a contract worth USD 62m (DKK 361m) with Chinese-owned Minera Chinalco Peru for equipment for its Toromocho copper […]

Ground breaking ceremony marks start of new iron ore mine

The Premier of Western Australia, Colin Barnett - known for his keen interest in resource development - joined Australian and Chinese officials Sunday for a ceremony to mark the start of a magnetite-iron ore project that will help open up the Mid West region of the State

Aluminium, Macquarie Commodities Research asks: can it be all bad?

In China, the NDRC has announced a RMB0.028/kWh ($0.04/kWh) power tariff rise for non-residential use. The rise in power costs for the Chinese aluminium smelters that buy power from the grid (accounting for ~45% of Chinese production) highlights the main bullish argument for aluminium prices over the medium term - the outlook for rising costs [...]

Larox opens Chinese subsidiary

On October 16, Larox celebrated the inauguration of its new production plant in Suzhou Industrial Park, Jiangsu province, China.

Australia to impose 16% dumping duty on certain types of Chinese aluminium

The decision follows a similar one in Canada

Bucyrus delivers 50th ExPC – its ruggedised PC for use in explosion-hazard areas

The Bucyrus ExPC with state-of-the-art computer technology and a 19″ graphic display opens up a completely new dimension of data processing, recording and visualisation underground and in explosion-hazard areas. The first ExPC was delivered to Xi Shan in China in January 2003. The 50th was recently delivered to OKD’s CSM II mine. The ExPC collects data from [...]

Two die in attack on Chinese-owned mine in Peru

15 to 20 armed people invaded Zijn's controversial Rio Blanco copper mine

China Minmetals constructs copper mine

China Minmetals plans to begin the construction of its US$1 billion Galeno copper mine in Peru in 2010, with production expected to commence in 2012.

LME week – Macquarie Research looks beyond China for signs of recovery

Macquarie Research notes “after last year’s LME week, the consensus was that we were in for a major prolonged slowdown in the wake of the global financial crisis. There were also fears at the time (fulfilled for a while) that China would also be part of a synchronised slowdown. As it turned out, China turned [...]

Emerging market demand growth anticipated in metals and mining

The long term view of Brewin Dolphin, the UK’s largest independent private client investment manager, on the mining sector remains positive due to emerging market demand growth driven by infrastructure investment and urbanisation mainly in China.  However, metals exchange inventories have remained lower than in previous recessions due to rapid reduction cuts etc.  Supply is [...]

Sandvik inaugurates new factory

On September 17, Sandvik Mining and Construction inaugurated its largest production facility to date in the Shanghai Jiading Industrial Zone, China.

4th Annual China Gold & Precious Metals Summit 2009

This event will be held in Shanghai, December 3-4. China Gold & Precious Metals Summits have been held successfully in the past three years, 2005 to 2008. This time, the premier event will be convening top professionals from the global gold and precious metals fraternity including producers, refiners and fabricators, commodities exchanges, commercial & investment banks, dealers, futures brokers, [...]

China to be first to use US coal-to-liquid technology for power generation

American power generator Southern Co has announced that China will be the site for the first worldwide commercial implementation of the Transport Integrated Gasification (TRIGTM) technology for producing low-emission coal-based electricity. TRIG is an advanced integrated gasification combined cycle (IGCC) technology that produces electricity with lower emissions than traditional coal power plants. It also is compatible [...]

China's economic stimulus measures win global applauses

Although uncertainties still remain for the economy, China's stimulus plans have won applauses at the Summer Davos forum, where about 1,400 world business leaders and policy makers gathered to find ways to relaunch world economic growth.