China's central government-owned enterprises will target coal capacity cuts of 12.65m tonnes in 2018, the official Xinhua news agency reported on Monday.
China Mining News
Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.
Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.
“From the macro point of view, this is not an environment where you’d want to be shorting metals.”
This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.
China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.
The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project
Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.
Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.
China told the WTO it would stop accepting certain types of foreign solid waste, including metals, in 2018 if they didn't meet stricter impurity thresholds.
Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.
Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.
China plans to create several "super-large" coal mining companies by the end of 2020 as nation ramps up years of efforts to streamline the fragmented sector.
Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.
The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday.
Beijing's clampdown on heavy industry continues to have positive impacts for miners outside the country.
Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.
Chinese supply-side reforms, environmental cuts translate into higher prices and less Chinese production, "both of which benefit ex-China producers."
Arrival of new Silicon Valley players like Tesla and Apple to old world of metals serves to reinforce focus on environmentally clean, ethical supply chains.
This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group President Ian Bremmer says.
Protesters met with authorities but no agreements were reached, so rallies are set to continue.
The city of Jerada has seen four days of massive protests.
Ninth gain puts red metal on longest winning streak since 2004.
Production should be halted for at least a week.