MINING.COM

Chinese firms invest in smelters as Indonesian ore export ban approaches

Chinese firms plan to invest up to AUD$8.6 billion in Indonesian smelters to mitigate the impact of a ban on unprocessed ore exports.

Marc Howe | August 31, 2012 | 12:16 am

Qatar Holding confirms it will vote against Glenstrata next week, shares dive

Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss commodity trader and the coal giant down the slope Thursday in London.

Cecilia Jamasmie | August 30, 2012 | 1:01 pm

World’s richest woman proposes minimum wage reduction for envious and lazy

Mining tycoon Gina Rinehart has triggered a squall of controversy in Australia by issuing a call for the minimum wage to be reduced and accusing those jealous of her immense wealth of being lazy.

Marc Howe | August 30, 2012 | 3:27 am

Australia pushes for expansion into African mining

Australia's political and business leaders signaled their emphatic support for the country's increased involvement in the African mining sector at a conference in Perth on Thursday.

Marc Howe | August 30, 2012 | 1:21 am

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies investing heavily to expand their production capacity.

Cecilia Jamasmie | August 29, 2012 | 6:14 pm

China slows overseas investments during leadership transition

MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.

Marc Howe | August 29, 2012 | 3:22 am

More singers join the ‘supercycle is over’ choir

Financial Times analysts are the latest ones singing the “supercycle is over” song, as the paper points today to recent profit reports from major miners, including Anglo American, BHP Billiton, Rio Tinto and Xstrata as the most recent evidence.

Cecilia Jamasmie | August 28, 2012 | 2:16 pm

China snaps up US assets

China's overseas buying spree continues unabated, with companies upping the pace of their US asset purchases.

Marc Howe | August 28, 2012 | 2:46 am

China’s push for end to Aussie iron ore boom

Jeffrey Wilson of Murdoch University's Asia Research Centre examines China's pivotal role in the boom and possible bust of Australia's iron ore sector.

Marc Howe | August 28, 2012 | 12:54 am

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