August 23, 2011

Chinese stainless steel capacity to reach 20 million tonnes by 2015

Data from research firm Beiging Antaike Information Development Co showed that there are two stainless steel projects will soon bring another 5 million tonnes of crude stainless steel over the…

August 22, 2011

Eriez® announces expansions in U.S., Canada, China and India

Eriez®, world authority in advanced technology for magnetic, vibratory and inspection applications, announced that the company will expand its operations in the United States, Canada, China and India to address…

August 22, 2011

China to raise nickel pig iron output by up to 50pct in 2011

Tsingshan Holding Group said that China is expected to raise its nickel pig iron output by between 25% and 50% to 250,000 to 300,000 tonnes in 2011 from 200,000 tonnes…

August 22, 2011

India to consider banning chrome ore exports to China

According to the CEO of Albanian Minerals, India and South Africa are mulling a ban on raw chrome exports to China in a bid to keep local ferrochrome producers competitive…

August 22, 2011

Canada’s Silvercorp buying Chinese assets

Canadian company Silvercorp Metals Inc. said Monday it is buying a controlling share in two Chinese mining companies for about $10.4 million, including debt. Silvercorp will hold a 90 percent…

August 22, 2011

China introduces new mine safety standards

China's top workplace safety regulator, State Administration of Work Safety (SAWS), has introduced new national standards for safety technology used in coalmines.

August 21, 2011

Battle royal for Macarthur Coal shaping up

The battle for Macarthur Coal is poised to intensify after news that Anglo American is considering a challenge to Peabody and ArcelorMittal's $4.7 billion hostile bid. Anglos, the world's fifth…

August 21, 2011

Yanzhou Coal’s 91% jump in profit beats estimates

Yanzhou Coal Mining Co, China's fourth-biggest producer, beat analysts' estimates with a 91 per cent gain in first-half profit after demand from the world's fastest-growing major economy boosted prices.

August 21, 2011

Iron ore price rise eclipses gold as China construction continues unabated

Australia's Fortescue Metals, barely four year after starting commercial mining, said on Friday its year-on-year net profit surged 76% to just over $1 billion driven by resilient demand from China.…

August 19, 2011

Zinc surplus in H1 2011 above 8 pct more than entire 2010

The world Zinc surplus for the first half of 2011 has increased by 8% compared to the entire 2010, with the Chinese inventories at historically highest levels reported the World…