September 22, 2011

Silvercorp repurchases approx. $35 million of shares under NCIB

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) announced it has acquired a total of 4,468,012 of its common shares at a…

September 22, 2011

Sandvik wins mining equipment contract with China’s Kailin Group

kailin-robolt-h395-small.jpg Sandvik has received a contract worth approximately €6.5 million from the Chinese Kailin Group for the supply of 19 mining machines, including Sandvik jumbos, bolters, and long hole rigs.…

September 21, 2011

China base metals demand growing 10% more than GDP

Demand growth for base metals in China is exceeding its GDP growth rate by 10 percent, and will keep growing, Fan Shunke, the president of China Non-ferrous Techno-Economic Research Institute…

September 21, 2011

Coal takes off

Without international agreements to limit greenhouse gas emissions, a new energy report sees world coal consumption taking off, rising from 139 quadrillion Btu in 2008 to 209 quadrillion Btu in…

September 21, 2011

China, India vie in tough race to acquire big chunk of Australian coal fields

Three years before it has yet to really produce coal, the northern Galilee Basin is already fully booked to Indian and Chinese coal mining companies. The Australian Newspaper said India's…

September 21, 2011

Forget Greece, worry about China

While all eyes may be on the sovereign debt crisis in Europe or the ongoing jobs and budget battle in the U.S., Ian Bremmer says that the biggest economic concern…

September 21, 2011

BHP’s China sales jump, but weaker growth a risk

China's position as the world's economic engine is being reinforced as expectations for growth in developed markets wane, but so is the risk a decline in its appetite for metals…

September 21, 2011

Experts forecast power crunch for China this winter

Power shortages plagued many of China's provinces earlier this year and are likely to return this winter as coal prices soar and some power plants find it difficult to store…

September 20, 2011

Silvercorp to try subpoena anonymous investors behind fraud allegations

Silvercorp Metals Inc. (SVM.TO), the China-focused miner battling short-seller allegations of impropriety, says it is teaming up with at least one other company being targeted to try to subpoena the…

September 20, 2011

Rio on track to mine 240m tonnes of iron ore; analyst downplays oversupply concerns

An $85 billion expansion of the iron ore industry in Australia will not depress the price of the crucial steelmaking ingredient because the major producers will simply curtail their outputs.…