July 17, 2012

Here is China’s Bridge to Nowhere. It also happens to be the world’s longest

Simply put, China has built too much, too quickly.

July 17, 2012

Iron ore falls through $130 as Chinese steel price hits 2012 low

A build-up in steel inventories and a steep drop-off in demand as China's building boom begins to look more and more unsustainable send iron ore down 3.4% in just the…

July 17, 2012

Chinese media confirms rumours of rare earth stockpiling by state

Chinese media sources have confirmed rumours of government stockpiling of rare earths which have been in circulation since earlier this month with China’s leading English-language daily reporting that the central…

July 17, 2012

I’ll have mine rare: Chief of $10 billion Chinese Pilbara project now prefers beef over iron ore

Citic Pacific Mining executive chairman Dongyi Hua says "soaring demand for Australian food, particularly beef, among China's 100 million wealthy people could buffer Australia's economy from the effects of an…

July 16, 2012

China’s Zijin Mining obtains regulatory approval for Norton Gold takeover

Zijin Mining Group (HK:2899), China’s largest gold producer, announced on Friday that its bid for Australia’s Norton Gold Fields Limited (ASX:NGF) had successfully obtained approval from Australian regulators.

July 16, 2012

Glencore obtains government go-ahead for $6.1 billion Viterra bid

Swiss commodity supplier Glencore International obtained approval from the Canadian federal government on Sunday for its application to buy up Canadian agribusiness titan Viterra Inc., bringing the $6.1 billion deal…

July 16, 2012

No option: China has to deleverage

Dee Woo writes in the Business Insider that the Chinese government no longer has any policy options left, and it must start deleveraging.

July 15, 2012

Emerging market central banks monopolize gold market

Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year…

July 15, 2012

Four killed in wall collapse at east China mining company

Four people were killed when a hopper wall collapsed in a mining company in east China's Anhui province Sunday morning, local authorities said.

July 14, 2012

China wants to buy iron ore from a wider pool of sellers

China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.