China boosts coal mining capacity despite climate pledges

London-listed diamond junior Botswana Diamonds (LON:BOD) forecasts a cheerful future for the diamond market, despite it sliding into the red in the six months to the end of December with a pre-tax loss of over US$327,000.

In its annual ranking of countries in terms of political risks for mining investment, the mineral industry advisory firm Behre Dolbear, has ranked Australia, Canada, Chile, Brazil and Mexico as the top five nations in which to locate mining projects.

Chinese investors are turning their focus to emerging economies as they look to expand their demand for commodities and switching away from Australia and Canada, which are getting too expensive.

“Sentiment towards gold is as low as it has been for many years, possibly since the rally started. ... For virtually the first time this cycle, buying gold is a contrarian trade.”

"Wu's death penalty is a setback for the cause of reform in China. Judging from this case, how far are we from the market economy? At least 300 years."

The Tata Group, India's largest conglomerate, is said to be investigating a joint venture with South African coal producer Increase Coal.

None of mining's top companies escaped the carnage on Thursday after a survey of manufacturing in China showed activity slowed for a fifth straight month.

Beijing launched the new spot price platform in January in a bid to shift the balance of power in price negotiations away from the big three.

Takeover activity is poised to heat up in the Canadian uranium sector as energy-hungry China hunts for feedstock to fuel its growing family of nuclear reactors.