China Mining News

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

World Bank on a Trump economy and commodities

World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.

Coking coal price crashes through $200

Coking coal takes 6% tumble on Tuesday for a $120 a tonne decline over just six weeks.

Osisko Gold back to its roots, sells stake in Labrador Iron Ore

The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.

A new diamond industry

The esoteric diamond industry has never been more interesting to observe and challenging to predict.

Eldorado Gold output slightly below target, shares fall

Company has decided to reconfigure the plan for its Turkey-based Kışladağ mine, which is its flagship operation.

China steps up efforts to cut coal capacity

Country’s top economic planner aims to cut 800 million tonnes of coal capacity a year until 2020, even as production and consumption of the fuel increases.

Gold close to 4-week high on weaker dollar, surging demand

Analysts believe the upcoming Chinese New Year celebration will likely result in some physical restocking of metal in that country as well as India, the world’s top consumers.

China to become net importer of some rare earths

New study says after lengthy and painful adjustment, rare earth industry will return to growth led by global government initiatives around green energy.

China shakes up 2,000-year-old salt monopoly

Courts continued to imprison private salt sellers even in the past decade.

Chinese coal industry sees earnings explode in 2016

The Chinese National Bureau of statistics mentioned a growth of “157 percent in the first 11 months of 2016”.

Global executives renewed optimism about Chinese economy

A new survey shows those heading some of the world's largest corporations are increasingly sanguine about China hitting growth targets.

CHART: China's economy growing fastest since 2013

Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.

Without China global mining would be smaller than in 2000

TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.

Emissions laws will drive record increases in global platinum production to 2020 — report

Global platinum mine or metal content in ore production is set to rise from 6.4 million ounces in 2015 to 6.7 million ounces by 2020, representing compound annual growth rate (CAGR) of 1.7%, according to the latest report from research and consulting firm GlobalData.

Chinese tax breaks do nothing for palladium price

Down $110 in December.

Canadian Wealth Minerals to acquire Chile’s Laguna Verde lithium project

The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.

Vale to sell fertilizer business to Mosaic for $2.5 billion

Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.

Sierra Leone: Chinese steel firm to invest in $700m iron ore processing plant

Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone.

China Gold International announces the commissioning of Aeries I of Jiama Phase II Expansion

China Gold International Resources Corp. Ltd. is pleased to announce that the commissioning of Series I of Jiama Phase II Expansion at Tibet Huatailong Development Co., Ltd. commenced December 1, 2016 as scheduled.

Namibia’s new uranium mine to boost growth, make it world’s third producer

The country's uranium output is expected to triple in 2017 as the massive Husab mine begins production.

China bans North Korean coal- but only till January 

Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime's most important trading and diplomatic partner.

Iron ore soars past $80 a tonne

The steelmaking raw material is up 85% this year, or more than double its December 2015 price.

Copper price jump: China concentrate imports hit record

Copper price up 37% from January's six-year low as Chinese concentrate and ore imports surge.

Coking coal price savaged – biggest drop in 17 months

Just as quarterly benchmark negotiations between miners and Japanese steel mills kick off, the coking coal price comes off the boil.