China Mining News

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.

MMG’s Las Bambas copper mine forced to file new environmental plan

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.

Copper price boost as Chinese imports rebound

November cargoes up 31% to 380,000 tonnes in November compared to previous month.

Huge jump in Chinese iron ore, coal imports

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 price surges to 27-month high

"Iron ore is weird because the inventories are very high in China and it's got to be pure spec flows."

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

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.

Can North Korea save the coking coal price rally?

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.