China Mining News

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

Shanghai sets challenge to New York, London in copper options debut

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.

Caterpillar leans on old playbook to cope with Trump tariffs

Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.

China’s Ganfeng Lithium lands three-year contract to supply Tesla

Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.

With copper options, China steps up challenge to London, New York rivals

The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market.

China's subway splurge could help its steel sector get back on track

Subway expansion plans require 80 million tonnes of steel, a need which arises as Beijing looks to boost economy amid trade war with U.S.

Nickel's "electric premium" crushed by trade tensions

Nickel has finally succumbed to the base metals price rout.

Top miner sees US – China trade spat limiting global growth

Rising U.S - China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.

Base metals drop as trade war angst spurs concern about demand

The U.S.-led trade war fans concern that the showdown will derail otherwise-strong economic growth in the world’s two largest economies.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Nickel price to benefit from short supply, strong steel demand through 2019

Nickel, which recently hit its lowest since December, could climb as high as $16,000 a tonne by the end of 2018 and $18,000 a year later.

Aluminium pricing tensions mount as alumina surges again

What has historically been a highly efficient part of the aluminium production chain is experiencing an unprecedented degree of turmoil this year.

Australia's Port Hedland iron ore shipments to China rise nearly 10 pct in Aug

Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

China coal imports hold near 4-year high as demand resilient

Foreign purchases fell just 1.1 percent in August to the equivalent of 925,161 metric tons a day, compared with 935,806 the previous month.

Chilean regulator says agreement reached with Tianqi on SQM stake sale

The court is scheduled to hear the details of the settlement agreement on Sept. 13, and is slated to make a decision on the case by Oct. 4, the FNE said in a statement.

Asia Gold-Price dip lends lustre, India buying robust ahead of festivals

In India, the world's second-biggest consumer of the metal after China, gold futures rose to 30,700 rupees per 10 grams on Thursday, a peak since July 9.

China's Western Mining to launch Qinghai copper smelter next month -chairman

Qinghai, which involved investment of 2.4-2.5 billion yuan, is undergoing test production and output will ramp up gradually after commercial launch.

Dalian coking coal extends gains as smog crackdown tightens supplies

Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.

Alrosa brings coloured diamonds to Hong Kong in effort to conquer China

As part of its plans to expand into that market, Alrosa will hold its first “True Colour” auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.

China's aluminium capital Binzhou plans new 'high-end' projects

The city of Binzhou is planning five new projects to support development of a high-end aluminium industry, according to a local government document.

China's iron ore futures push hits speed bump as prices stagnate

Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.

China's Ganfeng Lithium files for Hong Kong listing

Ganfeng Lithium Co Ltd has filed for a Hong Kong stock market flotation, betting on a rise in demand for lithium as electric cars become more mainstream.

Beijing summons aluminium foil makers for talks on Mexico anti-dumping probe

The move threatens to jolt China's exports of aluminium, which have been booming in recent months. Mexico "is a big market" for Chinese aluminium foil.