Turkey’s Cengiz ready to bid for British Steel if Chinese deal collapses

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.

The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Only lower grade fines are oversupplied shows new research report.

Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.

Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .