The prospect of mining the ocean floor may seem far-fetched, but China, motivated by its insatiable hunger for resources, has opened its eyes to the idea. According to a story in The Japan Times, China will attempt to plunge the Jialong - the world's deepest-diving manned submersible - 5,000 metres below the surface of the Pacific Ocean between Hawaii and North America, exceeding the craft's previous depth of 3,759 metres.
China Mining News
China, until recently a net exporter of coking coal, is set to become the world's biggest importer of the steelmaking ingredient by 2015, causing "dizzying" upwards pressure on prices, a Brazil-based coal industry consultant told Dow Jones Newswires.
Metso will supply minerals processing equipment to Taigang Group Lanxian Mining Co. Ltd, (TISCO), the largest stainless steel manufacturer in China. The value of the order will not be disclosed. The order will be included […]
Market sentiment buoyed as Chinese macroeconomic data surprised to the upside, temporarily overshadowing ongoing debt problems in the Eurozone. Oil prices climbed with the front-month contract for WTI crude oil rising to 97.96 and the equivalent Brent
China's daily crude steel output hit a record 1.998 million tonnes in June, up 2.8 percent from May, data from the National Bureau of Statistics showed on Wednesday. June output was 59.93 million tonnes, 11.9 percent higher from the same period last
China's export and import volumes of steel products declined in June this year on year-on-year basis, while iron ore imports decreased in volume, according to the Chinese customs authorities. China's steel product exports totaled 4.29 million mt in June,
Beijing News cited Mr Li Xinchuang deputy secretary of China Iron & Steel Association as saying that the national crude steel output may break 0.7 billion tonnes this year which is 40 million tonnes higher from the previous estimation in the year start.
Chinese imports rose for the first time in three months in June as buying from overseas became profitable and supply tightened after consumers drained local stockpiles. There are “strong signs” that the country will “come back and buy in a more aggressive way,” according to Codelco, the top producer. Prices slid 3.7 percent in the first six months of the year as demand waned. The metal has gained 46 percent in the past year, reaching a record $4.6575 on Feb. 15.
Reuters reports China's Puda Coal said its auditor Moore Stephens has resigned, effective immediately, and the auditor warned that audit reports for fiscal years 2009 and 2010 should no longer be relied upon. In April, the Puda stock had been halted by the American Stock Exchange after the company said it will investigate unauthorized transactions in the shares of subsidiary Shanxi Coal by Chairman Ming Zhao, alleged by an website.
Silver Dragon Resources announed that production has been formally commenced at the Erbahuo silver mine, located in Wengniute county, Inner Mongolia, China.
The ruins poke out of a monotonous stretch of scrub and beckon the world to visit Afghanistan as it was more than 1,400 years ago, when Buddhist monasteries dotted the landscape. An ancient citadel juts from a tall crag, standing sentinel over what once was a flourishing settlement. Image is from Reuters Video.
Three rescuers died of heat stroke in fighting a coal mine fire on Sunday in east China's Shandong Province, according to the rescue headquarters of Zhaozhuang Fangbei Coal Mine.
Twenty four miners were trapped in a flooded iron ore mine in east China's Shandong Province, the rescue command center said Monday. Previously, 21 miners were believed to be trapped in the mine.
Pimps man the park across from the historic Ulan Bator Hotel, popular with foreigners. They are keeping an eye on their employees -- about 20 women working in Mongolia's quickly expanding sex trade. Image by Tomascastelazo
China's gold output in the first five months of 2011 totalled 132.02 tonnes, up 3.67 percent from a year earlier, the Ministry of Industry and Information Technology (MIIT) said on its website on Tuesday.
Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.
Chinese Official Reports Output will Fall to 60% of Global Supply SAN JOSE, Calif.--(BUSINESS WIRE)--As Green Technology Solutions, Inc. and others work to develop new sources of rare earths outside of China, Wang Caifeng, a former official at China’s
China's copper staged a strong comeback in June, but the outlook was marred by falls in a list of other key commodities, showing that Beijing's cooling measures were weighing on the economy.
China's copper imports rose 9.9 percent from a month ago in June on the back of more attractive import prices, while shipments of key commodities such as crude oil, iron ore and aluminium fell, data from the General Administration of Customs showed. China's imports grew a surprisingly weak 19.3 percent in June from a year earlier, slowing from the 28.4 percent pace in May, reflecting softer domestic demand as a tighter monetary policy starts to bite.
Two workers were rescued on Sunday after being trapped for more than a week deep underground in a southern China mine collapse in which eight people died and 12 were still missing, state media reported.
In the northern reaches of Alberta lies a vast reserve of oil that the United States views as a pillar of its future energy needs. China, with a growing appetite for oil that may one day surpass that of the United States, is ready to spend the dollars for a big piece of it.
Copper hit a three-month high on Friday as concerns about demand from top consumer China receded and supply disruptions reinforced expectations of potential shortages this year. However, traders expected subdued trading ahead of a monthly jobs report from the United States, the world's largest economy, later on Friday.
Reuters reported that some Chinese media say China is within its rights to cap exports of rare earths.
Reuters reported that Israel Chemicals (TLV:ICL) will supply an additional half million tons of potash to Chinese customers in 2011.
Bloomberg reported that Russia's attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.