China Mining News

Capital Controls or Chaos?

G-20 meeting and Surplus limits Gold dropped too $1,314.5 before recovering to $1.325.   It seems that this was due to the G-20 proposals from the U.S. indicating a possible attempt at calming currency markets.   This […]

Gold and Silver's Daily Review for 21st October 2010

We are watching almost in slow motion as the currency disruptions unfold on the world economy.   After what appeared to be intervention in the exchange rate of the euro giving the impression that the dollar […]

World’s biggest wheel loader maker, LiuGong posts record first half 2010

LiuGong Machinery, the leading global China-based heavy construction equipment manufacturer, continues its juggernaut-like growth, posting record sales, profits and export volumes during the first half of 2010, company officials reported. It set a sales record of […]

DAILY REPORT

It's been a while since I've dedicated a daily report to stocks so today I would like to spend some time discussing the Dow. Stocks have been riding the Fed's implicit promise for more quantitative […]

Gold Posts Biggest Drop in Three Months

Gold dropped nearly $30 today, its largest decline since July. Gold retreated to $1,336 an ounce. The news coincided with a surprise move by China. The one-year lending rate was raised 0.25 percentage points. The […]

Gold Settled $36.10 Lower Today… ($1336.00)

Today's Gold session reacted strongly to The People's Bank of China's surprise announcement to raise its benchmark one year lending and deposit rate by .25 basis points. Anytime you mention rates hikes you'll see gold […]

Gold Market Tactics: GDX Sanity Chart

1.     Do you want to make serious money in the gold market?  The large money in gold over the next 12 months is going to be made in gold stocks.

Gold Forecaster – Why is the gold price rising so fast and so far?

What has happened to the gold price lately? The gold price turned around at below the long-term trend line at $1,160 and rose in an almost straight line to $1,360 before building some support at […]

Gold and Silver's Daily Review for 19th October 2010

Treasury Secretary Mr. Timothy Geithner started yesterday that the U.S. would not devalue the dollar to increase its trade competitiveness.   This, mistakenly, has led commentators to believe this is part of his "strong dollar" rhetoric.   […]

Gold is the one sure bet amidst the current global currency crisis

Ten years ago when gold was trading below $300 an ounce the universal manta was, "sell gold."  Central banks were selling or leasing their gold in an attempt to get rid of their gold holdings […]

SKM opens new office in Shanghai

Sinclair Knight Merz (SKM) officially opened its office in Shanghai, China, on 28 September 2010, in keeping with the firm’s focus on delivering world class engineering services to international clients operating in the region. Read […]

Mechel Signs Protocol of Intent with China National Coal Group

Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies,  has signed a Protocol of Intent with China National Coal Group. Read more

China Export Cuts Good for Rare Earth Juniors

The world of rare earth element mining is heating up as a result of China cutting exports of the minerals. Prices of rare earth concentrate, according to China’s Ministry of Land and Resource, have increased […]

UBB blast persuades MSHA to issue guidelines for industry compliance with ventilation regulations

As a result of troubling testimony heard in a recent field hearing regarding the explosion of Massey Energy’s Upper Big Branch mine, the US Department of Labor’s Mine Safety and Health Administration has announced the […]

China has a great appetite for mining assets

China, a country that already consumes a third of the world’s copper and 40% of its base metals, is on a buying binge in the global mining market, America’s National Mining Association reports.  Read more

Increasing prices, demand lead to increase in mining projects

The increase in the gold price, the stability of the platinum price and increasing demand for copper, iron-ore and coal from China and India are leading to increased diversified mining in Africa, says engineering consultancy […]

Caterpillar to Increase Excavator Production in China 400% by 2014

In support of its long-term global strategy for meeting customer demand for excavators, and recognizing the rapid expansion of opportunities in the key growth markets of Asia, Caterpillar Inc. (NYSE: CAT) announce its expansion plans […]

Riversdale Mining signs agreements with Chinese venture partners for the development of the Zambeze Coal Project, Mozambique

Riversdale Mining Limited (ASX: RIV) has signed a non‐binding Memorandum of Understanding (“MoU”) with Wuhan Iron and Steel (Group) Corporation (“WISCO”) and a logistics partnership agreement with the China Communications Construction Company ("CCCC") for the […]

Metso to supply mining equipment to TISCO in China

Metso will supply mining equipment to TISCO’s iron ore processing plant in Lan county Shanxi Province China. The delivery will be completed during the third quarter of 2011. The value of the order is approximately […]

MEGTEC to Build World’s Largest Coal Mine Ventilation Methane Emissions Abatement System in China

MEGTEC Systems today announced that its China subsidiary has been contracted to build the largest plant in the world to capture and eliminate ventilation air methane (VAM) from the Datong coal mine in China’s Chongqing […]

Prophecy & Sojitz Corp Sign Cooperation Agreement to Jointly Market Ulaan Ovoo Coal to China

Prophecy Resource Corp. (TSX-V:PCY, OTC: PRPCF, Frankfurt: 3P1) and Sojitz Corporation of Japan have entered into an exclusive agreement to jointly market thermal coal from Prophecy’s 208 million tonne Ulaan Ovoo coal deposit to buyers […]

China’s XCMG sells out

China Daily has reported that XCMG Construction Machinery Co, China’s largest manufacturer of construction equipment, has confirmed that China North Industries Group Corp will take over the company. Read more

Coffey Mining – Brazilian mineral exploration on the up

Coffey Mining’s Global Business Development Manager, David Atchison, thinks continued growth in the Chinese economy is driving mineral exploration in countries such as Brazil. “Chinese mining companies are looking to secure future supplies of resources […]

A heavy-duty mining success in China

During a long, well-planned process, Anshan's iron ore mine in Qidashan, China, has built and completely restructured its mining process. After two remodeling phases, completed together with Metso, the mine today produces over 10 million […]

Enerpac Strand Lift safely hoists massive iron ore mills from China

An Enerpac (A Division of Actuant Corp) Strand Lift system capable of safely positioning huge loads to accuracies within fractions of a millimeter is being employed by VDM Group in constructing Australia’s largest-ever magnetite mining and […]