CHINESE trader Guangdong Guangxin Holdings has signed an $89 million deal to boost its interests in Australian base metals by buying a quarter of the Mineral Hill copper and goldmine in NSW and a 15 per cent stake in mine owner KBL Mining.
Member of the Science and Technology Planning Commission, Dr Samar Mubarakmand on Monday said that Pakistan has enough coal reserves that can provide electricity to the country for more than 30 years.Talking to a private news channel, he said that Thar...
Japanese demand for crude steel is expected to fall 6.2 percent from a year earlier to an almost two-year low of 26 million tonnes in the January-March quarter, as a plunge in steel exports outweighs strong demand from the domestic auto sector, the tra...
Zinc led a dive among the most traded contracts of four base metals on the Shanghai Futures Exchange Monday, as the Christmas period lessened the impact from international markets. The zinc contract for March delivery fell 1.6 percent to settle at 14,7...
Komatsu Ltd., the world's second- biggest mining equipment maker, expects global demand for its machines to reach a fresh record next year, fueled by China and India's search for coal, iron ore and copper.
China's Ministry of Industry and Information Technology said Tuesday announced that a total of 2,173 "inefficient" coal mines with a combined mining capacity of 230.61 million mt/year were shut down in 2010.
Huadian Power International Co Ltd, the largest power producer in Shandong Province of China, on Sep. 14 said it will acquire a 85% stake in Inner Mongolia Haoyuan Coal Co for RMB 715 million. Upon the completion of the acquisition, Huadian Power
China's Chinalco started construction on its $2.2 billion Toromocho Peru mine in May and it should be ready to operate in October 2013, the company said on Thursday. Chinalco has delayed the project's start date several times, awaiting government
Increased bonded warehousing space in China, the largest consumer of copper and aluminum, may facilitate larger trade volumes as importers benefit from lower costs. Increased bonded warehousing space in China, the largest consumer of copper and aluminum,
Yesterday, China's National Development and Reform Commission released metallurgy industry's operation situation in the first half of this year. In the January-June period of current, iron ore imports reached 334.25 million mt, an increase of 8.1%;