China Mining News

Eldorado Gold officially out of China

Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.

China relaxes coal mining restrictions as supply tightens

Fresh rules aim to counter surging prices for the nation’s top energy source.

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Gold miners to add 10m ounces per year by 2020

But US gold mining industry will stagnate says BMI Research in new study.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Warnings as copper price surge continues

After underperforming badly in 2016, copper is now firmly in a bull market with a 26% rise in just three weeks, jumping to a 17-month high on Friday.

Gold demand plummets as central banks, consumers hold off — WGC

Consumer demand for jewellery, coins and bars, dropped by a quarter as high prices slowed down acquisitions from top consumers China and India. Investments, however, were up by 44%.

Japex postpones oil sands expansion project to mid-2017

Move will push up costs by Cdn$250 million ($187M).

Platts China Oil Analytics: China apparent oil demand slipped 2.4% year over year in September

Actual demand likely higher as underreporting tends to skew official production data.

FLSmidth to supply key pyroprocessing equipment to Chinese lithium plant in Australia

FLSmidth has signed a contract for the supply of pyroprocessing and comminution equipment for Tianqi Lithium Australia's lithium hydroxide processing plant, which will be located in Kwinana, Western Australia.

Chinese coking coal futures hit the roof

The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.

Weak commodities put infrastructure growth in emerging markets at risk — BMI

Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.

Copper price jumps to 6-month high

Underperforming bellwether joins industrial metals party.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

6 reasons coking coal price will tank

Number 1: Producers have negotiated quarterly contracts $70 below the spot price.

Rio's Simandou sale 'could crush the price of iron ore'

"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."

Will permanent magnets save the rare earth industry?

The permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Coal price rally bypassing US miners

As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.

Glencore to reopen yet another coal mine in Australia

The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

Copper price extends rally on China surprise

Chinese gauge of manufacturing activity "unambiguously upbeat, consistent with broader evidence that economy is in the midst of a cyclical recovery"

15 dead, several trapped in coal mining explosion in western China

China's coal mines continue to be among the deadliest in the world.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.