September 7, 2011

Europe and China want to ape Australia carbon scheme

The Canberra Times reports Australia's proposed emissions trading scheme – which will evolve from the carbon tax being implemented next year – has won praise from Beijing, where it will…

September 7, 2011

East Asia Minerals provides Mongolia uranium program update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) wishes to report on the progress of its 2011 summer drilling campaign at its wholly-owned uranium…

September 7, 2011

Puda Coal Chairman Receives SEC Notice of Intent to Recommend Filing a Civil Action Against Him

_ TAIYUAN, China, Sept. 7, 2011 /PRNewswire-Asia-FirstCall/ -- On September 1, 2011 the staff of the United States Securities and Exchange Commission (the "SEC") informed Ming Zhao, the Chairman of…

September 7, 2011

SouthGobi sets new coal shipment record of 441,665 tonnes of coal in August

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September 7, 2011

Gold falls sharply, suddenly in Asia

SYDNEY: Spot gold prices suddenly fell over $30 an ounce on Wednesday to as low as $1,826.18, though it then quickly steadied around $1,840. The move down from $1,864 seemed…

September 7, 2011

Mining deals drop off a cliff in July and August as China retreats to sidelines

The deal-making frenzy in the global mining sector during the first half of the year was followed by a dramatic drop in activity in July and August, according to a…

September 6, 2011

Vale carriers up for sale – analyst blog

Brazilian Miner Vale S.A (VALE) has planned to sell or lease its planned fleet of giant bulk carriers and is in talks with the Chinese and other ship owners on…

September 6, 2011

Macroeconomic indicators – China PMI rebounds in August

According to the China Federation of Logistics and Purchasing, growth in China manufacturing sector rebounded in August after recording slower growth for four consecutive months with the Purchasing Managers' Index…

September 6, 2011

77 Chinese steel makers profit CNY 8 billion in July

According to China Iron and Steel Industry Association, some 77 major steel makers across mainland China earned a total profit of CNY 8.59 billion in July drop of 35.45%MoM. Profits…

September 6, 2011

GMS weekly report on China ship breaking industry for Week 35

The stability from the Chinese market has more or less become a hallmark of its identity as levels for ships literally appear to be etched into the ongoing fixtures. Most…