China Mining News

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

Rio Tinto throws its weight behind Africa as mining central

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

Gold demand from China picks up again

Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, rose 16% to 815.9 tonnes in the first nine months of the year.

More than 10 firms in the running for Codelco's lithium assets — chairman

The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile.

China's recyclers eye looming electric vehicle battery mountain

After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste: piles of exhausted batteries from the surge of electric vehicles hitting China's streets.

China imported record iron ore in September as steel output curbs start to bite

The amount of iron ore shipped to China surpassed 100 million tonnes for the first time in September.

China’s importance in the gold market

China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

China’s demand drives long-term gains for aluminium

BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Australia notified China of Adani coal mine approvals in letter

Australian politicians told China of government approvals for controversial A$16.5-billion ($13-billion) coal mine project being built by Adani Enterprises.

Copper prices fall

Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.

Iron ore prices: a story of ups and downs

Lower grades managed to eke out small gains, while higher grades were under pressure.

Chinese coal imports from North Korea plummet

Dictatorship was number two supplier of metallurgical coal to China after Australia before latest UN sanctions.

Xi's China a boon for mining

President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Global steel production at 7-month low

Price of iron ore declines ahead of Chinese winter steel output cuts, widening Kobe Steel scandal.

China's refined copper output highest since Dec 2014

Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data.

China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom

China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.

Chinese economy and gold

The economic stance adopted by the new leaders will be crucial given China’s recent economic slowdown.

China steel surges as more output cuts seen; iron ore, coal jump

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

Scotiabank to offload gold trading unit

Chinese buyers are rumoured to be the key targets of the sale.

China’s plan to upgrade its industry by 2025 could increase copper demand by 232,000 tonnes

The Chinese government’s Made in China 2025 initiative will have a significant impact on copper demand in China, according to new research commissioned by the International Copper Association.