China Mining News

Rio’s revised iron ore guidance pushes price to three-month high

From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.

Clean energy transition to increase demand for minerals — World Bank

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Copper price jumps on gangbusters China growth

Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.

Can Trump resurrect US aluminum – and who killed it anyway

China, with its massive aluminum sector and equally massive exports, stands accused, but the real smelter killers were much closer to home.

North Korea ban lifts coking coal price

Met coal hits 2-month high Friday as Chinese imports of steelmaking coal from totalitarian state drops 75% during first half of the year.

Iron ore price hits 10-week high on China renewed appetite

Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June

Australia to pay China's Shenhua $200 mln to buy back mining licence

Australia's New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd , bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.

Iron ore price jumps to 10-week high on China pollution crackdown

Beijing's shuts 120 million tonnes of low-grade steel capacity in six months providing a boost for high-quality ore exporters.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

CHARTS: Lithium-rich countries risk missing the boat on electric batteries boom

The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.

Ghana calls off search for 17 trapped illegal miners

While major global companies are part of Ghana’s mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Getting scrappy: China iron ore demand may falter as steel recycling grows

China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.

As Indonesian nickel ore flows again to China, famine turns to feast: Andy Home

The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.

Australian spot coal prices hit highest since April amid mine outages, strong demand

Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired utilities.

Ghana mine collapses, 14 trapped underground

Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.

Top 3 coal countries produced 6% more coal from January to May

Just when you thought coal was out, the fossil fuel appears to be back on the burner.

China factory surprise lifts copper price to 3-month high

Base metals enjoy one of their best trading weeks of the year – nickel jumps 3.5%, zinc at highest since March.

Iron ore price jumps to 8-week high

Physical markets, not just futures speculation behind the latest rally

China to ban coal imports at small ports from July 1

Ban covers more than 150 second-tier ports

Rio Tinto shareholders greenlight sale of Aussie coal assets to Yancoal

The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.

Eldorado Gold risks missing 2017 guidance over issues with Turkish mine

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

Gemfields shares collapse on imminent delisting

The South African firm has secured control of the gemstones producer and plans to delist it.

Pallinghurst shareholders back acquisition of Gemfields

Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.

Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.