December 30, 2011

Hindustan Copper awards contract to 3 Chinese companies to develop copper mines in India

Three Chinese companies are part of consortiums that have bagged Rs 1,800-crore worth of five contracts awarded by state-owned Hindustan Copper to raise its production four-fold to 12 million tonnes…

December 30, 2011

Slowing China Means Ore-Ship Rates at Lowest in Decade: Freight

The weakest growth in demand in at least a decade for shipments of iron ore, the second-biggest commodity cargo after crude oil, means rates for the largest vessels will plunge…

December 29, 2011

Joy Global Inc. announces acquisition of controlling interest in China-based International Mining Machinery Holdings Limited

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it completed the acquisition of approximately 41.1% of the outstanding common…

December 29, 2011

Chinese company buys $89 million stake in NSW copper mine

A once-abandoned copper mine in New South Wales, Australia is being revitalized through a partnership with a Chinese company.

December 29, 2011

Metals – Brazil – Vale’s Chinamax vessel starts unloading its first iron ore in China

Brazillian firm Vale's (NYSE: VALE) Chinamax vessel started unloading its first iron ore in China on Wednesday after months of uncertainty on accessing its largest market's ports, news service Exame…

December 28, 2011

Diamond prices to rise over four years

Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the…

December 28, 2011

W. Australia looks to China for iron ore project

Western Australia invited China to invest in a A$5.94 billion (US$6 billion) port and rail project that aims to open up a new iron ore province in the state's Mid…

December 28, 2011

Globalisation of China’s yuan widens – gold to reclaim role

The latest moves towards trade in Chinese yuan sounds the early death knell of the dollar as the world's global reserve currency with gold likely to return to the monetary…

December 28, 2011

Copper concentrator (40,000 t/d) order in Mongolia awarded to FLSmidth

FLSmidth has been awarded a contract worth approximately $105 million from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 km…

December 27, 2011

China cracks down on gold exchanges

Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.