July 27, 2011

Fear beginning to replace greed as mining boom gets long in the tooth

Despite a flurry of mergers and acquisitions and a robust IPO market reports out on Wednesday suggest that fear is slowly replacing greed in the mining finance business. The Financial…

July 27, 2011

Escondida strike buoys copper prices but markets nervous on global demand

London copper futures rose for a second day on Wednesday as supply worries brought on by an extended strike at the world's largest copper mine countered concerns over protracted talks…

July 27, 2011

Mongolia state-owned miner signs coal deal with China’s Chalco

Mongolia's state-owned miner Erdenes Tavan Tolgoi (TT) has agreed to sell $250 million worth of coal from the east Tsankhi deposit to Aluminium Corp of China Ltd (Chalco) , a…

July 27, 2011

De Beers plans to expand in China

De Beers, the world's largest diamond producer, announced Tuesday that it will further expand its retail outlets in China, the Wall Street Journal reported.

July 26, 2011

Fertilizer costs threaten China’s food security

China Daily reported that agricultural development in China is strained because of high potash prices. According to Li Qiang, a spokesperson for Sinochem Group, the international price rise potash fertilizer…

July 26, 2011

Zijin Mining buys A$27.67m stake of Norton Gold

ZIJIN Mining Group Co agreed to buy a minority stake in Australia's Norton Gold Fields Ltd for A$27.67 million (US$30 million) to boost gold reserves. China's leading gold producer said…

July 26, 2011

China target to break Big 3 grip on iron ore

China Daily cited an industry official said China the world largest steelmaker and iron ore consumer has set a target of dramatically increasing ore imports from Chinese invested resources in…

July 26, 2011

Fortescue can still make profits at US$70/t, new CEO says

The bubble that is keeping iron ore prices at historic highs may be about to burst, and when it does, iron ore giant Fortescue Minerals will still be making money,…

July 25, 2011

We’ll buy iron ore from our own companies, Chinese warn

Beijing has issued a veiled threat to Australia's long-term economic future. It has vowed to break the power of the big mining companies by sourcing 50 per cent of its…

July 25, 2011

China Iron Ore & Steel Assoc. seeks to break grip of Big 3 miners

A top official from the China Iron Ore & Steel Association says China will only be able to break the grip of the three major iron ore miners, if it…