Exploration boosted by China’s $89m base metals deal

CHINESE trader Guangdong Guangxin Holdings has signed an $89 million deal to boost its interests in Australian base metals by buying a quarter of the Mineral Hill copper and goldmine in NSW and a 15 per cent stake in mine owner KBL Mining.

China Mining | January 4, 2012 | 3:22 am

Pakistan coal reserves to provide electricity more than 30 years: Dr Samar

Member of the Science and Technology Planning Commission, Dr Samar Mubarakmand on Monday said that Pakistan has enough coal reserves that can provide electricity to the country for more than 30 years.Talking to a private news channel, he said that Thar...

China Mining | December 27, 2011 | 8:33 pm

Japan Q1 crude steel demand seen at near 2-yr low

Japanese demand for crude steel is expected to fall 6.2 percent from a year earlier to an almost two-year low of 26 million tonnes in the January-March quarter, as a plunge in steel exports outweighs strong demand from the domestic auto sector, the tra...

China Mining | December 27, 2011 | 8:33 pm

Zinc leads drop in metals as int’l markets take a break

Zinc led a dive among the most traded contracts of four base metals on the Shanghai Futures Exchange Monday, as the Christmas period lessened the impact from international markets. The zinc contract for March delivery fell 1.6 percent to settle at 14,7...

China Mining | December 27, 2011 | 8:33 pm

Komatsu sees record year for mining equipment sales in China

Komatsu Ltd., the world's second- biggest mining equipment maker, expects global demand for its machines to reach a fresh record next year, fueled by China and India's search for coal, iron ore and copper.

China Mining | December 23, 2011 | 2:43 am

China slashed ‘inefficient’ coal mining capacity by 231 mil mt in 2010

China's Ministry of Industry and Information Technology said Tuesday announced that a total of 2,173 "inefficient" coal mines with a combined mining capacity of 230.61 million mt/year were shut down in 2010.

China Mining | November 16, 2011 | 4:01 am

Huadian Power to buy 85 pct stake in Haoyuan Coal

Huadian Power International Co Ltd, the largest power producer in Shandong Province of China, on Sep. 14 said it will acquire a 85% stake in Inner Mongolia Haoyuan Coal Co for RMB 715 million. Upon the completion of the acquisition, Huadian Power

China Mining | September 16, 2011 | 6:27 am

Chinalco sees Oct. 2013 start at $2.2 bln Peru mine

China's Chinalco started construction on its $2.2 billion Toromocho Peru mine in May and it should be ready to operate in October 2013, the company said on Thursday. Chinalco has delayed the project's start date several times, awaiting government

China Mining | September 16, 2011 | 6:27 am

China to be net aluminum importer – Rio Tinto Alcan CEO

China will eventually become a net importer of aluminum but the timing of this shift is uncertain, the chief executive of Rio Tinto Alcan said Thursday.

China Mining | September 9, 2011 | 1:41 am

Shanghai to expand copper, aluminum bonded storage fivefold to boost trade volumes

Increased bonded warehousing space in China, the largest consumer of copper and aluminum, may facilitate larger trade volumes as importers benefit from lower costs. Increased bonded warehousing space in China, the largest consumer of copper and aluminum,

China Mining | September 4, 2011 | 4:04 pm

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 in 2010.

China Mining | August 22, 2011 | 8:21 pm

Iron ore imports reached 334.25 million mt in China in H1

Yesterday, China's National Development and Reform Commission released metallurgy industry's operation situation in the first half of this year. In the January-June period of current, iron ore imports reached 334.25 million mt, an increase of 8.1%;

China Mining | July 23, 2011 | 8:22 pm

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