China Mining News

Norway's Orkla rumoured to sell Elkem metals unit to China's BlueStar

Deal delayed to allow time for dust to settle after Nobel Peace Prize controversy, says Norwegian newspaper Dagens Naeringsliv.

Record gold output could put 2010 China consumption at 600 tonnes

Chinese 2010 gold output is estimated by government sources at around 340 tonnes for 2010, a new record, suggesting the country's total consumption may have reached close to 600 tonnes. China, already the world's largest gold producer, looks to have

Germany asks China to reconsider rare earth restrictions

China's rare earths policies were a topic of discussion during the Chinese Vice Premier's trip to Germany, the German minister's spokesperson said. German Economy Minister Rainer Bruederle has asked Chinese Vice Premier Li Keqiang to reconsider planned

Japan's trade minister wants to talk rare earths with China

Akihiro Ohata, the country's minister for trade said Wednesday he would like to visit China as soon as possible to discuss the secure supply of rare earths into Japan Japan's trade minister, Akihiro Ohata, said on Wednesday he would like to visit China

Rio Tinto strengthens its position in China

“Rio Tinto and Chinalco today signed a non binding Memorandum of Understanding (MoU) to establish a landmark exploration joint venture (JV) in China. The JV will explore mainland China for world-class mineral deposits and is […]

CHINA MINING Congress & Expo 2010: Global Mining Talks on Co-operation, Responsibility & Development

CHINA MINING Congress & Expo 2010 hosted by the Chinese Ministry of Land & Resources and the Tianjin Municipal Government, will be held at the Meijiang Exhibition and Convention Center in Tianjin Downtown on Novemeber […]

Is Your Mine Site Overdue for a Safety Check-Up?

It will be no surprise to anyone reading this that ‘09 was a tough year for many businesses. Companies cut budgets, lost personnel and put many projects on hold, and these decisions have impacted successful safety processes. The year so […]

The Golden Decade

As gold hovers near $1,200 an ounce and pundits speculate about a "gold bubble," it is important for investors to remember that a mere decade ago the picture was very different.  In the year 2000, […]

PotashCorp on the Chinese Market and ‘Ludicrous’ Takeover Proposals

That a fertilizer can become the next gold may seem hard to believe. That a fertilizer can become the next gold may seemhard to believe.  However, when Canadian company Potash Corp, a fertilizer producer based in Saskatchewan, overtook the […]

Waiting for Chinese Real Estate to Land

When discussing the outlook for BHP Billiton, CEO Marius Kloppers pays particular attention to the Chinese economy and its impact on his business. “What happens in China is very important,” said Kloppers during the investors’ analysis and briefing of the […]

China to spend $4.48bn on domestic mining exploration

China is boosting domestic minerals exploration spending in an effort to reduce the country's dependence on imports of iron ore and copper. Read more

Metso makes assembled crushers attractive to iron ore customer

Metso Minerals assembled crushers save time and improve safety for iron ore concentrator in Western Australia at the Karara project. This is an integrated development of a magnetite deposit, to produce both high grade magnetite concentrate on-site and […]

China Moving Towards Being the Largest Importer of Coal

When the International Energy Agency announced in 1994 that China had just become “a net importer of oil on an annual basis for the first time since the 1960s,” very few paid attention to what seemed just a […]

Jiama Project to Optimize MultiMetal Separation Technology

China National Gold Group Corporation has signed a strategic cooperation agreement with the Nonferrous Metals Society of China (NMSC) in Beijing to collaborate on development of multimetal separation technology, as well as academic and personnel exchange. Read the […]

Weekend SPX, Dollar, Oil and Gold Analysis

Last week was volatile thanks to China raising their interest rates a quarter basis point. This rate hike caused the Dollar to spike in value which in turn forced equities and metals to sell off sharply. This one day event caused equities to break below a short term support level causing a large number of protective stops to be triggered. This added more selling pressure causing the market to be down nearly 2.5% at one point but a late day bounce recouped a good chunk of the drop.

Copper Talk

Copper’s talking up a storm.

Sumitomo Metal Mining Co. said copper ore mined from Chile, and shipped to Indonesia, will be in short supply for at least the next five years.

Antofagasta Plc, which owns three Chilean mines, said a scarcity will persist for “the foreseeable future.”

BHP Billiton Ltd. said production from Escondida in Chile, the world’s biggest copper mine, will drop as much as 10 percent in 2011because of lower ore grades.

Robust Long Term Demand Fundamentals for Precious Metals

The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. The precious metals space is poised for robust gains in the long term on the back of strong […]

Thoughts on Gold, China and QE

Gold prices took a hit yesterday after China announced that it was raising the country’s interest rates but Brian Hicks, co-manager of our Global Resources Fund (PSPFX), doesn’t think this is the end of gold’s run. […]

Copper Talk

Copper's talking up a storm. Sumitomo Metal Mining Co. said copper ore mined from Chile, and shipped to Indonesia, will be in short supply for at least the next five years.

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 […]