In yet another buying spree, China is going after another African copper producing firm to acquire its abundant copper production. Minmetals Resources Ltd. of China is poised to buy Anvil Mining of Congo for $1.31 billion to secure copper mine production output in Africa amid the recent fall of the commodity's prices in the world market.

Australian firm Wesfarmers Ltd. has agreed to sell Premier Coal to Yanzhou Coal Mining Co. of China for US$293 million. The coal-mining business, located in southwestern Australia, produces about 3.5 million metric tonnes of thermal coal annually.

Rio Tinto is to invest US$833 million (Rio Tinto share US$706 million) in major power and fuel supply projects as part of its drive to substantially increase iron ore production capacity in Western Australia. Rio Tinto's integrated Pilbara power and gas network will be upgraded with a US$520 million investment and a further US$313 million will be allocated to fuel infrastructure facilities.

Gold fell more than 1 percent on Monday after ending at its lowest level since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's debt crisis sent bullion priced in euro to a record high.

Julie Gordon of Gold Matters writes with recession fears weighing on equity markets, resource investors would do well to steer clear of […]

Renowned auction house Christie’s has announced a new exhibition and sale dedicated to the collection of late British-American actress Elizabeth Taylor in […]