China Mining News

Birth defects linked to coal smoke, pesticides: China study

Pregnant women who are exposed to coal smoke and pesticides are up to four times more likely to have babies with serious birth defects than women not exposed to these chemicals, a Chinese study has found.

Sino Clean Energy to Control 60 pct Stake in Foshan Nan Hai CWSF Co., Ltd through Acquisition

Sino Clean Energy Inc. ("Sino Clean Energy" or the "Company") (Nasdaq: SCEI), a leading producer and distributor of coal-water slurry fuel ("CWSF") in China, today announced that it has entered into a non-binding, preliminary agreement to acquire 100% stake in Crown Energy Limited, an investment company registered in Hong Kong, which as its sole business holds a 60% stake in Foshan Nan Hai CWSF Co., Ltd. ("Foshan Nan Hai"). If after due diligence the Company decides to complete the acquisition, Sino Clean Energy will control a 60% stake in Foshan Nan Hai, a producer and distributor of CWSF in China.

Copper steady; China demand, euro zone crisis weigh

(Recasts, adds comment/detail, pvs Singapore) * China GDP growth in April to June rises 2.2 pct * World stocks, euro fall on bank stress tests By Pratima Desai LONDON, July 18 (Reuters) - Copper was steady on Monday, but expected to come under pressure

China's Hanlong makes $1.5 billion bid for Sundance

China's Sichuan Hanlong Group made a bid to buy out the shares it doesn't already own in West African iron ore exploration company Sundance Resources, valuing the private conglomerate at A$1.4 billion ($1.5 billion). Last week, Hanlong, which is seeking to expand its reach in global resources, launched a A$144 million takeover bid for Bannerman Resources, which is looking for uranium in Namibia.

23 dead as rescue work ends in flooded China coal mine

Rescue work in a flooded coal mine in Guizhou Province has been terminated, 14 days after a flood trapped 23 workers underground. The rescue work in Niupeng Mine, located in Pingtang County, was halted at 4 p.m. Saturday. The miners were very unlikely to be alive, according to an assessment by rescue experts. Twenty one workers remain missing while two bodies have been retrieved from the mine. The area where the miners are believed to be has been completely submerged. While 406,000-cubic meters of water had been pumped out during the past 14 days, flood water was still pouring into the pit.

China coal output to grow rapidly this year

China's coal output will grow rapidly this year to a total of 3.88 billion tons, according to Dong Yueying, deputy director of economic operations from China Coal Industry Association. Currently, China's coal output generally meets demand, as coal-rich

Iron ore spot price extends gains on firm Chinese steel demand

Spot iron ore prices extended gains on Friday, driving a key global index to near two-month peaks, as steel mills in top producer China continued to restock the raw material in anticipation of strong steel output and demand.

China gets picky

It turns out that China is not willing to pay whatever it has to for energy and metal resources.Several resource deals have faltered in recent months, indicating an increasingly choosy Chinese perspective on energy and metal acquisitions. Add to that the growing concern that the global economy is once again stumbling and that commodity prices may be near a top, and you have a Chinese deal-making market that has gone from 60 to zero in no time.

Demand for Silver Booming in China

The Silver demand in China is on up. Imports of silver to the China have reached new highs, and analysts maintain that demand for this year will only continue to grow. The growth comes not only from industrial and jewelry demand, but also from the increased investments in silver as a hedge against market losses and inflation.

Joy Global buys 41% of China-based International Mining Machinery Holdings for $538 million

Joy Global, one of the world's leading heavy-equipment mining companies, will take over China-Based International Mining Machinery Holdings Ltd. According to a statement released on Thursday, Joy Global will purchase 534.8 million shares of IMM for HKD 8.50 a share representing 41% of the company. Total cost will be USD$538 million. Subject to regulations, Joy Global will purchase the remaining shares of IMM at a later date.

Galaxy Resources Limited (ASX:GXY) update on Jiangsu Lithium Carbonate Plant

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) wishes to advise that construction and fabrication labour shortages in China's Jiangsu region have contributed to a revised commissioning schedule of the Jiangsu Lithium Carbonate Project (the Project or Jiangsu), to be staged over the next five months.

What would a Chinese hard landing do to silver prices and other commodities?

Some analysts see problems ahead for China as it tries to rein in inflation drawing parallels with Japan in the 1980s. What would a Chinese hard landing do for silver and other commodities?

Graphene: the world's next wonder material?

The secret to successful investing, many experts will tell you, is identifying the next big trend, and then getting in with your money before the stampede of investors. The Daily Reckoning reports on what could be the world's next wonder material — graphene — used to make cheap solar panels, super-powerful transistors, and even the ability to make a jet fighter invisible.

REE stocks fall back to earth as China raises export quotas

After surging last week, industry bellwether Molycorp led a slide in rare earth mining stocks with a 5% drop by early afternoon on Thursday on news China is raising REE export quotas for the second half of the year in reaction to a WTO ruling. The exact impact of the decision is not yet clear: the new quotas only bring 2011 exports in line with last year prompting the EU to call it "highly disappointing." And fresh data from Lynas Corporation, world no. 2 outside China, show the price of a basket of eight REEs jumping 140% in just over two months.

Bloomberg: Joy Global in talks To acquire China's International Mining Machinery

Mining equipment maker Joy Global, Inc. (JOYG: News ) is close to acquiring Chinese coal-mining equipment maker International Mining Machinery Ltd. (ICMHF.PK), according to Bloomberg on Wednesday.

China must resume stable rare earth exports: UN

Daily Yomiuri Online reported that the World Trade Organization says China must eliminate rare earth export restrictions. Continue reading...

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.