China Mining News

Workers to end strike at Shougang iron ore mine in Peru – union

Workers at Chinese company Shougang Group's iron ore mine in Peru will return to work on Wednesday.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Australia's Port Hedland iron ore shipments to China fall 12% in October

The October figure was also down 7 percent from the same month a year earlier, according to port figures.

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

China slashes Sept U.S. scrap copper imports; sends alumina to Iceland, India

From January to September, scrap copper shipments from the United States fell 13.8 percent.

China's CNNC seeking overseas partners to secure uranium

"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd

Biggest infrastructure play since the Roman Empire presents upside for Australian business

With $350 billion to spend in the next five years, China’s One Belt One Road – the massive push for a new ‘Silk Road’ – offers huge opportunities for the Australian resources sector.

China machine 'working very well' amid stimulus, Rio says

China is on track for an annual record and is supporting consumption of raw materials.

BHP cuts China, US growth forecasts on trade tensions

The world’s largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in a "lose-lose" trade spat.

China refutes reports accusing it of curbing rare earths output

Beijing claims rare earth output quotas for the second half of 2018 only appear lower because the limit for the first six months of the year was for a larger portion of the total annual quota.

China mulls stimulus as car sales drop in world's top market 

To counteract the slowdown, China’s top economic planning body is proposing to halve the tax on car purchases to 5%

Rare earths in the cross-hairs of new high-tech arms race

As a general rule, the most successful man in life is the man who has the best information.

China's Jiangxi Copper posts best quarterly profit in four years

The Nanchang-based company earned net income of 767.3 million yuan ($110.31 million) in the three months to Sept.

Lead, the bull market no-one wants to buy into

Lead has all the hallmarks of a classic bull commodity story.

Japan steel industry group head worried about signs of slowing China economy

The calm before the storm, potentially.

China's Jiangsu Shagang to stop 9 blast furnaces in Nov

The operation halt at two steel mills is expected to reduce pig iron output of 290,000 tonnes and steel products output of about 160,000 tonnes.

China's Byton eyes IPO to fund expansion – Automobilwoche

Byton already has financial backing from Chinese battery supplier Contemporary Amperex Technology Co.

Yanzhou Coal's Australia bet wins over Goldman on price gain

Yanzhou Coal Mining Co.’s high-profile acquisition of assets in Australia last year is set to pay dividends

Chile’s court rejects lawsuit to block Nutrien’s sale of stake in SQM to Tianqi

While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.

Surging US steel helps iron ore price to 9-month high

Global steel production stays strong in September with Chinese furnaces blasting at near record pace and US output surging 9%.

Bolsonaro's anti-China rants have Beijing nervous about Brazil

Bolsonaro has portrayed China, its largest trading partner, as a predator looking to dominate key sectors of its economy.

Chalco Q3 profit rises 6.8 pct on lower operating costs

The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Steel wheels from China dumped in US market

The commerce department, has instructed US border officials to collect cash deposits at a margin of 231.7 percent

Zinc market tightness confounds bearish expectations

"Screamingly bullish" is how analysts at Citi described the Shanghai Zinc market earlier this month.