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…

September 25, 2011

China may build 47pct of world new nuclear power capacity

It is reported that China is expected to account for 32% of the world new installed power generation capacity in the next 20 years.

September 25, 2011

Shaft collapses at coal mine in southwest China, killing 5

Five people were killed on late Saturday afternoon when a shaft collapsed at a coal mine in southwest China, state-run media reported on Sunday. Two others were injured. The accident…

September 24, 2011

Last body found month after mine flood in NE China

The body of the last miner trapped in a flooded coal mine in northeast Heilongjiang province one month ago has been recovered, said a spokesman with the local rescue headquarters…

September 23, 2011

Caterpillar wants a lower corporate tax rate

Speaking to the media on Wednesday, Caterpillar (NYSE:CAT) Group President and Chief Financial Officer Ed Rapp wants a lower corporate tax rate […]

September 23, 2011

Did China break the iron ore cartel? Maybe not

There is a good deal of doubt on the Iron Ore outlook over the next few years, most of it is predicated on an ongoing downturn in the global economy,…

September 23, 2011

NUM wants restrictions on chrome exports to China

JOHANNESBURG (miningweekly.com) - South Africa’s National Union of Mineworkers (NUM) on Friday called for “urgent” restrictions on chrome exports, particularly to China. The union’s national executive committee said in a…