Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.
China Mining News
The International Institute of Diamond Grading & Research has announced it is expanding its existing grading partnership with Soo Kee Group into China, following the launch of Soo Kee’s bridal specialist brand, Love & Co., in the country.
The company has leveraged a strategic land position in China’s Ying high-grade silver-lead-zinc district, alongside an innovative approach to underground, narrow-vein mining, to emerge as one of the highest-margin miners in the silver space.
Copper price drops more than 3% after Chinese imports stay flat for fourth month in a row and concentrate cargoes decline.
Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017
China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said.
Special ore properties made finding lasting mill lining for TISCO Yuanjiacun Iron Mines. Metso’s solution puts an end to years of application testing.
Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.
Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
As ever with rare earths, this is all about what is happening in China, the world's dominant producer of these critical materials.
China Minmetals Corp has flagged off its maiden deep-sea venture seeking minerals in the east Pacific Ocean, a company spokesman confirmed.
The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
During winter and summer, power companies' coal inventories must be five to 10 days above normal levels.
China will shut 6,000 non-coal mines in an effort to reduce mining accidents and deaths by 2020, the State Administration of Work Safety said in a five-year plan.
China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.
The price of one of the most common lithium ion battery precursor materials, cobalt sulphate, has continued to surge in August by over 14%.
In an effort to receive more financial benefits from mining operations, the government's proposal will also require investors in the sector to get legislative approval before operating.
Copper price jumps to near three-year high as likely impact of Chinese scrap metal import ban sparks another session of speculative buying.
Silvercorp expands mineralized veins by drilling and tunneling at the TLP and LME Mines, Ying Mining District, China
Silvercorp Metals Inc. is pleased to report results of the first half of its 2017 exploration programs at the TLP and LME mines, Ying Mining District, Henan Province, China.
Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution.
Diversified miner Vedanta Resources' first-quarter core earnings rose about 48 percent on higher zinc production, with renewed demand for the metal driven by higher steel production in China.
Medium and low voltage drives for rolling mills
Prices for the steelmaking material have increased almost 50% since its 2017 lows.