September 28, 2011

Talisman excited about increased Chinese demand for gold

TOPEKA, Kan. From 2007 to 2010, gold investment demand in China The statistics are astounding: A Chinese management fund said, "Gold has taken on a new role in China David…

September 28, 2011

IM meets leading Chinese mining truck manufacturer XEMC in Brazil

During the Exposibram mining show in Belo Horizonte, IM Editor Paul Moore took the opportunity to visit the special Chinese pavilion, where one of the exhibitors is Xiangtan Electric Manufacturing…

September 28, 2011

Yancoal in $293m deal for Australian mine

Conglomorate Wesfarmers said Wednesday it will sell Premier Coal to Yancoal for Aus$296.8 million (US$293 million) in the Chinese parent firm's first major buy in Australia in two years.

September 28, 2011

China’s iron ore growth to be limited by quality-Baosteel

QINGDAO, Sept 28 (Reuters) - China's iron ore production growth will be limited due to a decline in quality and rising labour costs, a senior executive from Baosteel Group said…

September 27, 2011

Rio Tinto pays Can$73 million for 49% of Ivanhoe Mines

Rio Tinto announced on Tuesday that it paid Can$73 million for 49% of Ivanhoe Mines. Rio Tinto acquired an additional 3,700,000 common shares in Ivanhoe Mines Ltd. through a wholly-owned…

September 27, 2011

China sees improvement in coal mine safety in Jan.-Aug.

GMT2011-09-26 23:37:12(Beijing Time) Xinhua English BEIJING, Sept. 26 (Xinhua) -- China saw fewer coal mine accidents and deaths in the first eight months of this year, the country's coal mine…

September 27, 2011

Viking Minerals Inc.: China intensifies purchases of copper

Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the…

September 26, 2011

Ivanhoe Mines expects the Mongolian Government to support the Oyu Tolgoi investment agreement

Ivanhoe Mines said in a statement today that the investment agreement for the Oyu Tolgoi Project remains a fair and legally binding contract that deserves and requires the unqualified support…

September 26, 2011

India, China and Russia will be driving uranium’s future

Although its future is unclear, significant expansion of nuclear power capacity is projected to occur in non-OECD countries, especially China, India and Russia, according to the U.S. Energy Information Administration.…

September 25, 2011

Beijingers can now use bank cards to buy gold

It may not be quite the same as hitting the local ATM, but China is making it easier for consumers to buy bullion. AFP reported on Sunday that the Beijing…