China Mining News

Japan Times: China raises spectre of undersea mining with world's deepest diving submersible

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 to be top coking coal importer – consultant

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 to supply minerals processing equipment to TISCO in China

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 […]

Commodities soar as Chinese data show pleasant surprise

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 June crude steel output hits record

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 steel export and import volumes decline in June

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,

Chinese crude steel output may cross 700 million tonnes

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 copper imports rise for first time in three months

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.

Puda Coal says auditor resigns, fiscal 2009 and 2010 'cannot be relied on'

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 announces commencement of production at Erbahuo Silver Mine, China

Silver Dragon Resources announed that production has been formally commenced at the Erbahuo silver mine, located in Wengniute county, Inner Mongolia, China.

Copper mining will crush ancient Afghan site

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 die of heat stroke in fighting coal mine fire in E. China

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.

East China iron ore mine flood traps 21 underground

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.

Sex trade flourishes as Mongolia enjoys mining success

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 Jan-May gold output at 132 T, up 3.67 pct

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.

China hikes smelting, steel capacity cuts

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.

GTSO: Chinese Rare Earths Output Ratio to Decrease Sharply

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 demand stages comeback in June, others falter

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 copper imports up 10% in May on more attractive pricing

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 rescued after week trapped in China mine (AFP)

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.

Oil sands in Canada eyed by U.S., China

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.

China confidence propels copper to 3-month high

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.

Paper Says China Has Legal, Moral Right to Curb Rare Earth Exports

Reuters reported that some Chinese media say China is within its rights to cap exports of rare earths.

Israel Chem signs potash deals with China

Reuters reported that Israel Chemicals (TLV:ICL) will supply an additional half million tons of potash to Chinese customers in 2011.

China may block Russian bid for potash control on Belarus crisis

Bloomberg reported that Russia's attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.