The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
China Mining News
Small-cap mining stocks, big-time opportunity
It’s a buyer’s market—if you know what you’re looking for.
How China, not Obama, waged the war on coal
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.
Gemfields beats own ruby sales record at Singapore auction
It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.
China's Fosun spices up battle for Gemfields with 10% bid premium
Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.
World coal production falls off a cliff
China, the world's largest energy consumer, burned the least coal in six years.
Yancoal grabs Mitsubishi stakes in Rio Tinto's coal mines in $940m deal
Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.
Coking coal price slides to 8-month low
Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.
North Korea coal exports down to zero on China ban, UN cap
Coal shipments from North Korea to China fell from 1.4 million tonnes, worth $126 million, in January to zero in April.
Copper price jumps on Chinese imports surprise
Chinese demand for refined copper up 30% in May while falling concentrate imports point to tight supply.
The hard-to-believe steel shortage that's unfolding in China
Fortescue’s Power says rebar prices have jumped after closures
Detention of illegal Chinese miners in Zambia infuriates Beijing
The group of 31 people arrested over the weekend at the copper-mining town of Chingola, includes a pregnant woman and two other people with malaria.
Shandong to borrow $1.26B to buy half of Argentinian gold mine
Top Chinese gold producer Shandong Mining will have to arrange financing before unlocking its half of the Veladero mine in Argentina.
The iron ore price also rises
Up 2% on Friday as traders weigh impact of outage at BHP's largest iron ore mine in West Australia.
Iron ore plunge hurting miners — down to fresh 7-month low
Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.
SLIDESHOW: The iron ore price wars 2002–2017
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
Coal mine openings in the US inject some hope into beleaguered sector
Corsa Coal’s Acosta Deep mine, to begin operations in June, will create about 600 jobs.
Animation: China’s rapid transit boom (1990 – 2020)
After decades of hyper-growth and worsening pollution, China has fully embraced rapid transit as a way to keep cities moving.
China's coal-rich Shanxi province to halt or slow mines construction until 2020
Shanxi province accounts for about 25% of China's coal output and has vowed to cut 20 million tonnes of overcapacity this year.
From Yukon to Patagonia, gold explorers stir after sleep
Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.
Iron ore crashes again to below $58 a tonne
Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.
Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines
Company wants to become Australia’s largest independent coal producer.
Iron ore price drops to 7-month low
Chinese stockpiles at new record high and sovereign debt downgrade worry investors.
For these women, working underground is a bright opportunity
Mothers will do everything to ensure a bright future for their children.
China’s Zijin pays off stake in Ivanhoe’s Congo copper project
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
