October 16, 2011

Hong Kong starts trading bullion in yuan to tap ‘triple demand’

Hong Kong’s Chinese Gold & Silver Exchange Society, a century-old bullion bourse, will start trading gold quoted in yuan today, boosting the city’s status as an offshore hub for the…

October 16, 2011

Peabody Energy and ArcelorMittal receive final regulatory clearance to proceed with Macarthur Coal takeover

Peabody Energy BTU +3.19% and ArcelorMittal MT +3.36% today announced they have received clearance from the Ministry of Commerce of the People's Republic of China (MOFCOM) to proceed with the…

October 16, 2011

National Stock Exchange clocks four-fold surge in gold ETF trade

Investor interest seems to be growing fast in gold ETFs, as the average daily value of their trade on the National Stock Exchange (NSE) has grown by over four times…

October 15, 2011

Price of Indian iron ore falls 12% in China

Despite bans on export of iron ore from India, the price of the steelmaking ingredient has fallen in China. Business Standard reports that the price of iron ore originating from…

October 13, 2011

Peabody’s $4.7 billion takeover of Macarthur clears final regulatory hurdle

St. Louis Business Journal reports Peabody Energy on Thursday received clearance from the Ministry of Commerce of the People’s Republic of China to proceed with its and ArcelorMittal’s $4.7 billion…

October 13, 2011

When the price is right… China stocks up on copper

According to data posted on the website of the Chinese General Administration of Customs, the country reported robust commodities purchases in September as traders took advantage of falling prices. Chinese…

October 13, 2011

Deloitte belatedly resigns as auditor of China’s Real Gold

Real Gold, which halted trading in its shares on May 27. is under investigation by the Securities and Futures Commission for corporate governance breaches. The miner's announcement to the Hong…

October 12, 2011

Global Steel Demand Growth To Slow in 2012 -Worldsteel

-- Global apparent steel demand to be driven by developing economic growth and slower developed economic growth -- Chinese apparent steel demand to grow 7.5% in 2011 and 6% in…

October 12, 2011

Eldorado Gold achieves record production

Eldorado Gold (TSE:ELD) announced that it hit record production in the third quarter. Its three mines, Kisladag, Jinfeng, Tanjianshan and White Mountain, produced 179,195 oz in Q3 at a cash…

October 12, 2011

Beijing lifts coking coal resource tax