China Molybdenum Co. (HKG:3993), the country’s largest producer of the element by output, plans to launch an initial public offering in Shanghai, which may raise around 3.65 billion yuan (US$579 million), to fund its new alloy project and boost output, according to a statement to the China Securities Regulatory Commission (CSRC).
Teck Resources LimitedLimited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) and the National Agricultural Technology Extension Service Center of the Ministry of Agriculture of China (NATESC) announced today that they have signed an agreement to demonstrate and promote zinc fertilizer use in China.
Mr Tom Albanese CEO of Rio Tinto as saying that company has shrugged off concerns about a slow down in Chinese demand for commodities, reiterating its faith in the Asian superpower's industrialization.
State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.
China's annual gold production continues to grow comfortably maintaining its position as the world's biggest gold miner assuming official statistics tell the full picture - which they may not!