MINING.COM

Meet China’s new rare earth mega-company

China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner, the new “mega-corporation” will “team up” with rare earth producers in the provinces Shandong, Gansu and Sichuan.

MINING.COM Staff Writer | August 9, 2012 | 7:30 pm

Iron ore slump turns into rout

The latest downturn in the price comes as iron ore stockpiles at Chinese ports climb by more than 420,000 tonnes in a week to almost 100 million tonnes.

Frik Els | August 8, 2012 | 7:39 pm

Rio Tinto banking on China rebound as profits drop 34%

Giant miner Rio Tinto is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year.

Cecilia Jamasmie | August 8, 2012 | 5:53 pm

Xstrata to create world’s biggest zinc mine

Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.

Cecilia Jamasmie | August 7, 2012 | 12:52 pm

No project delays and capex freezes here: China’s biggest gold miner is growing at 60%

China's number one gold producer said Monday first-half revenues surged 61.4% to $7.8 billion compared to 2011 and should exceed $15.5 billion for the full year.

Frik Els | August 6, 2012 | 6:06 pm

China’s lower manufacturing reading masks ‘notable rebound’

After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.

Frik Els | August 1, 2012 | 4:52 pm

Molycorp production push to challenge Chinese rare earth dominance

The USA's largest rare earth producer Molycorp (NYSE:MCP) is mounting a credible challenge to Chinese rare earth dominance by dramatically scaling up output and potentially increasing its global market share to 30% from 4% at present.

Marc Howe | July 31, 2012 | 2:15 am

Dud investments the norm for China’s state-owned companies, says former Rio Tinto exec

People should stop worrying about Chinese businesses buying up resource companies in Australia because the Chinese are no good at investing, says former Rio Tinto executive, Michael Komesaroff.

Marc Howe | July 30, 2012 | 5:56 pm

Iron ore’s $120-price floor theory unravels

Below $120 a tonne most Chinese producers become unprofitable, but a sustained period below this level may indicate a fundamental shift in the industry.

Frik Els | July 27, 2012 | 11:43 pm

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China in focus as West debates critical minerals challenge

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China sets record rare earth mining quota as demand rises

BHP says it is unaffected by sanctions on China’s COSCO

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