September 6, 2011

Panzhihua Steel Baima Mine posts record iron ore concentrate output in August

It is reported that In August, Sichuan Province based Chinese steel producer Panzhihua Steel Baima Mine produced a record high iron ore concentrate output of 229,370 tonnes. During the first…

September 6, 2011

L and L Energy (LLEN) signs letter of intent to acquire 14 mines in Guizhou Province

L & L Energy, Inc., (Nasdaq: LLEN) has signed Letters of Intent with 14 operating coal mines in the Guizhou Province. The mines produce primarily coking coal and have been…

September 6, 2011

Copper steady as China buys eclipse growth concerns

Copper steadied on Tuesday as an earlier price correction enticed buying from top consumer China, but concerns about slowing growth in the world's top economies muddied the metal's demand picture.…

September 6, 2011

Chinese under-reporting persists in 2011 but motives differ

The Chinese steel industry is struggling to meet soaring demand from infrastructure and social housing projects, and is turning to high cost, previously shuttered, steel mills to make up the…

September 6, 2011

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

HONG KONG, CHINA--(Marketwire - Sept. 6, 2011) - Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) is pleased to announce today that the company has set a new…

September 6, 2011

Vale in talks to sell mega iron ore vessels

Brazilian mining giant Vale (VALE5.SA) is in talks with Chinese and other ship owners to sell or lease its planned fleet of giant bulk carriers, a Vale official told Reuters…

September 6, 2011

China’s 2011 coal imports seen off 2010 record

China's coal imports this year are expected to pull back from the record level in 2010 despite strong domestic demand, as growth in local production and transportation capacity help meet…

September 6, 2011

NYMEX-U.S. crude falls on recession concerns

U.S. crude futures declined in early Asian trade on Tuesday as recession worries continue to weigh down the market, after the Chinese services sector posted its worst ever growth reading…

September 4, 2011

Copper market getting tighter and tighter: Commerzbank

Copper supplies are getting tighter on higher Chinese imports and copper mine strikes around the world. Decreased availability of high quality ore is also expected to support copper prices. ?Copper…

September 4, 2011

China seeking cheaper iron ore

Fed up with paying high prices for iron ore, China is seeking out new supplies of the crucial steelmaking ingredient. The Australian reports that China is increasing iron ore imports…