China Mining News

Silvercorp's net income up 140% to 29.7 million in Q3

Silvercorp Metals Inc. reported that net income was up 140% to $29.7 million or 18 cents a share. The company released its third quarter results for the period ending December 31, 2010. According to the […]

Iron ore prices remain stable while China slumbers

With China out of the picture for the Lunar New Year holiday, spot iron ore prices show minimal variation.

Moly Mines receives $250 million of help from China Development Bank to develop molybdenum/copper mine

Moly Mines Ltd. announced on Sunday that it received a commitment letter from the China Development Bank for US$250 million to be used for the development of a molybdenum/copper mine. CEO of Moly Mines, Dr. […]

Yet another new China gold production record in 2010

China, the world's largest gold producer each year since 2007, has further increased domestic gold production in 2010 with an 8.57% rise over the previous year's output.

China's Chalco Aluminum plans $1.4bln share sale

New A-shares issue to be limited to maximum of 10 investors. Proceeds of share issue to fund Xing Xian alumina project.

Gold and silver are on the starting blocks 31 January 2011

A strange start to the year and a strange end to a volatile week, so we take a whiz across the air waves in order to get a ‘feel’ of whats going on, so this will be a mixed bag of data.

No End in Sight to Commodities Boom: Panelists

The bull market for commodities that made 2010 a banner year for mining and mining exploration is likely to continue throughout 2011, according to three panelists who addressed the question at a recent forum in Vancouver, Canada.

Musings on the Record Price of Copper

The spot price of copper jumped to $4.40 on December 31, exceeding previous highs set daily over the past week. Today we discuss copper’s meteoric price rise during the past five months, dissect current supply […]

Philippines hoping for a Colombia-like repeat in its mining sector

There are more than a few explorations companies drilling holes in the Philippines these days, all with the quiet hope that the country soon finds favour with serious resource investors in the much the same way that Ventana Gold and others became overnight rock stars, if you will, with their projects in Colombia.

Hunt For Uranium Assets Starts To Get Heated

The global uranium market is dominated by just 10 players – companies that account for 60% of the world’s production of yellow cake. While Canada’s Athabasca Basin remains the hotspot for the highest-graded uranium coming out of the ground, other countries are pushing hard to ramp up their own uranium markets, such as Kazakhstan, Tanzania and Namibia, which is about to finalize its first nuclear policy by the middle of the year.

Lithium demand on the rise

The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.

Tin constraints looming

The global tin market is generally driven by producers in Indonesia, China and Peru. The production of the silverly, malleable metal – used for things like steel-plating – has been in decline in these markets, in part because poor weather has challenged operating conditions and undermined transport.

Zinc, cobalt grabbing some ‘green’ traction

Zinc and cobalt often fall into that esoteric metals category called byproduct, meaning they are generally an afterthought for miners who are keen at getting at, say, nickel or copper deposits. Still, both metals are being increasingly targeted for their use in growing markets, such as rechargeable batteries for electric cars.

Global iron ore market in flux

The iron ore market will never be as a sexy as its gold and silver counterparts; it’s much more about hard hats and dirty Dodge RAM 3500 trucks – you know, the ones that can pull big fishing boats up mountainsides, something I did just this past weekend.

Tungsten resurgence

The steel-gray metal – one known for its high melting point, which makes it ideal for use as a filament, superalloy or in military applications – is making a resurgence as market machinations in China restrict exports and western miners scramble to meet demand.

Drilling intercepts at the Ying Mine add to Silvercorp's resources and reserves

At the Ying Mine in China, Silvercorp Metals reported on Monday the results of a underground diamond drilling program that showed high grade silver, lead and zinc.

Gold Forecaster

Does it make a difference if a Central Bank buys local production or on the international market?

Hu's on first but what's on second?

Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.

China to continue and update 2011 rare earths quotas-Commerce Ministry

Chinese officials say the country will continue with rare earth exports and are still pondering 2011 rare earth export quotas, but promise a timely decision.

China's inflation problem looms large

The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give.

The two faces of China's giant coal industry

Ordos, Mongolia is home to the world's most efficient mine and one of China's biggest carbon capture and storage projects. Chinese miners and scientists are ramping up production and finding new ways to burn and bury carbon, as The Guardian newspaper reports.  Click here to watch the video:

Gold Forecaster – The U.S. & China going in opposite directions

China is in the midst of a ‘State visit’ to the U.S. but this time China will get a state banquet.   This implies a changed attitude to China by the U.S.  

China’s nuclear reprocessing breakthrough may greatly reduce future uranium imports

(Editor's note: This story was originally published on Jan. 11, 2011) China's pilot nuclear reprocessing project could extend the life of the nation's domestic uranium reserves by thousands of years if it becomes commercially viable, […]

Toyota tries to pull the plug on rare earths

ETFdb reports that Toyota may find substitute for some of the rare earths it consumes: Toyota is sinking vast sums into research and development of new technologies which seek to limit the needs for rare […]

QE2 and its Consequences

The Federal Open Market Committee (FOMC) announced on November 3, 2010 that it would purchase longer-term Treasury securities at a pace of $75 billion dollars per month through the Federal Reserve’s Permanent Open Market Operations (POMO) facility by the end of the second quarter 2011 and potentially beyond.