The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
China Mining News
November cargoes up 31% to 380,000 tonnes in November compared to previous month.
At 92 million tonnes November iron ore imports were the third highest on record, while China's coal imports doubled during the month from a year ago.
"Iron ore is weird because the inventories are very high in China and it's got to be pure spec flows."
Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.
Met coal's stunning run is reversing as consensus forecasts point to $125 drop by year-end, but new UN sanctions could cost China its number two supplier.
After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
Thirty-two miners were killed in a gas explosion that ripped through a coal mine in Chifeng, Inner Mongolia on Saturday.
Just this week, bullion was sold in China at about $24 an ounce above the international price.
The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.
Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.
The headline word for 2017 will be 'inflation' and wealth preservation will continue to be a watchword for those looking to position themselves strategically… and by extension gold is well priced and positioned to benefit.
Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Beijing is pushing for zev mandate: 8% of new cars to be electric by 2018, 12% by 2020.
Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.