February 27, 2012

China’s coal consumption continues to rise

According to the China Electricity Council, China's coal demand will reach 4.3 billion tons by 2015, an increase of 970 million tons compared to the year 2010 and an annual…

February 27, 2012

Zijin Mining, Barrick Gold ponder beneficial business relationship

China's largest gold miner recently met with the world's largest gold company to discuss possible opportunities for future cooperation.

February 26, 2012

Former Crystallex Las Cristinas gold project to go ahead with Chinese help

Venezuela's President Chavez has annoiunced that Chinese investment company CITIC will help develop the potentially extremely large Las Cristinas gold project which has been withdrawn from Crystallex.

February 23, 2012

China’s copper usage jumped 38% in October-November

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.

February 22, 2012

China has invested $14 billion in the oil sands, and that’s a good thing

A think tank is pushing back against the perception that Chinese firms are locking up Canadian resources, but rather are providing an important financial boost to the sector.

February 21, 2012

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

February 21, 2012

Chinese coal miners discover a 300 million-year-old forest preserved in a layer of ash

Chinese coal miners discovered a botanical Pompeii, a 298 million year old forest well-preserved in ash from a sudden volcanic eruption.

February 21, 2012

Concerned Canadian unions say BC government is leaving coal in China’s hands

In unveiling Canada’s British Columbia’s job-creation strategy last September, the Premier Christy Clark said the government planed to capitalize on high demand for minerals, especially in Asia, by opening up…

February 21, 2012

China Steel to invest in Australian coal project

Taiwanese steelmaker, China Steel, will pay $104 million to invest in a coal mine in Australia and take rights to 10% of the future output, in a move to counter…

February 21, 2012

China further entrenched in Africa with Minmetals’ Anvil acquisition

In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil…