February 19, 2012

HK exchange named in latest LME takeover bid

Hong Kong Exchanges & Clearing has reportedly bid for the London Metal Exchange in an attempt to diversify into commodities trading.

February 19, 2012

Sunshine Oilsands begins offering shares in $605 million IPO

Sunshine Oilsands Ltd. will tomorrow begin offering shares in an initial public offering to raise as much as HK$4.69 billion ($605 million), the holder of Canadian oil-sand leases said.

February 17, 2012

Longest slump in iron ore since Oct on Chinese stockpiles

Iron ore dropped for a seventh day, the longest losing run in more than three months, as the biggest consumer China may slow buying because of increased stockpiles.

February 16, 2012

Russia Cuts 2011 Coking Coal Exports 21 pct as China Demand Drops

Russian exports of steelmaking coal declined 21 percent last year to 14.2 million metric tons because of lower demand from China and periodic halts at some Siberian mines.

February 16, 2012

China coal mine tramcar accident kills 15, injures 3

Fifteen miners died and another three were injured after a tramcar derailed in a coal mine in central China, authorities said on Thursday, in the latest accident to hit the…

February 16, 2012

Vale profits fall 21% after bending to Chinese steelmakers

Vale is the world's largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter…

February 15, 2012

Takeovers the Path to Golden Returns: Sascha Opel

Sascha Opel, publisher of one of Germany’s most popular commodity newsletters, looks at the economy with rose-colored glasses. He sees the end […]

February 13, 2012

Iran sanctions: Trade with number 6 iron ore exporter heading to zero

Although some Asian firms have found creative ways of doing business with Iran, European iron ore traders and shipping companies are shying away completely from transacting with the country as…

February 13, 2012

China is buying lots of copper but not because it needs it

Gordon G. Chang, gloomy prognosticator on China, digs into trade numbers on copper and believes the Chinese are buying copper to gussy up their trade deficit numbers, rather than having…

February 12, 2012

Chinese miner buys a $25 million stake in Malaysian iron ore mines

Chinese miner, Prosperity Minerals (PMHL.L), announced on Monday a US$25 million investment in Malaysian iron ore mines.