January 14, 2012

China’s largest steel company 2011 profits dive 43%

Baoshan Iron & Steel Co Ltd, China's biggest listed steelmaker, said on Saturday its 2011 net profit fell 43.4 percent to 7.3 billion yuan ($1.2 billion).

January 13, 2012

Record China gold imports has traders bullish

Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US.

January 13, 2012

Caterpillar makes further inroads into Chinese longwall coal

Caterpillar is building on its Bucyrus acquisition with the recent signing of another contract to deliver an automated longwall coal plow system to Chinese company Gasification Co part of Lvliang…

January 12, 2012

Huge diamond mine found in China

A large diamond mine with a reserve of one million carats has been found in China's Liaoning province.

January 12, 2012

Iron ore-spot hovers near 7-week high, Vale halts shipments

Iron ore steadied near seven-week highs, helped by supply disruptions in top exporters Australia and Brazil although lean Chinese demand is limiting the impact of fewer available fresh cargoes.

January 11, 2012

China’s LiuGong picks up HSW and Dressta in major acquisition

LiuGong Machinery, the Chinese quarrying and mining equipment manufacturer based in Liuzhou, has finalised an agreement to acquire Poland's Huta Stalowa Wola (HSW) and its distribution subsidiary Dressta, which is…

January 11, 2012

Caterpillar builds on Bucyrus/DBT plow success in China with new order

Caterpillar is building on its Bucyrus acquisition with the recent signing of another contract to deliver an automated longwall plow system to Chinese company Gasification Co, part of Lvliang Dongyi…

January 10, 2012

Silvercorp Received RMB 269 Million Cash Dividend From its Chinese Subsidiary

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) is pleased to announce that it has received RMB 269 million cash dividend payment (equivalent to USD $43 million) from its 77.5%…

January 9, 2012

Silvercorp Sues Jon R. Carnes, His EOS Holdings and Zane Heilig as "Alfred Little"/"IFRA" in Silvercorp Amended New York Lawsuit

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today filed an amended lawsuit in the Supreme Court of the State of New York, County of New York, adding EOS Holdings…

January 9, 2012

Yanzhou/ Gloucester Coal merger has big chance of success – UBS

Financial adviser UBS reckons there should be few obstacles in the way of the proposed A$2 billion merger of Chinese miner Yanzhou Coal and Australia's Gloucester Coal.