MINING.COM

CNOOC-Nexen: China’s swoop shows sweet timing as Canadian crude discount halves

Despite a steep drop in the price of crude on Monday with US benchmark West Texas Intermediate down almost 4% in afternoon trade at $88.55, the price oil sands producers receive has improved dramatically since the start of July.

Frik Els | July 23, 2012 | 7:50 pm

Chinese investors fleeced of billions by gold futures ring

A gold-futures trading ring in China's central province of Henan has fleeced more than 5,000 investors of over RMB380 billion ($58.62).

Marc Howe | July 23, 2012 | 3:20 pm

China’s Sino Iron mine in Australia just got $2 billon more expensive

The cost of building China's CITIC Pacific’s first iron ore mine in Australia, Beijing’s largest investment in the Aussie mining sector, has increased to a shocking $8 billion.

Cecilia Jamasmie | July 21, 2012 | 3:39 pm

Australia’s former China ambassador concedes errors in Rio Tinto’s actions

Geoff Raby, Australia's former ambassador to China, has conceded that mining giant Rio Tinto (NYSE:RIO) committed errors in the lead up to a Chinese bribery scandal several years ago that strained relations between the two countries.

Marc Howe | July 20, 2012 | 4:41 am

Rare earth mining rights in China have just been cut in half

The Chinese government has halved the number of rare earth mining rights in the country pulling 65 permits in all, according to a report by ChinaDaily USA.

Michael Allan McCrae | July 19, 2012 | 10:16 pm

China set to lift ban on interbank gold trading further boosting demand

China represents about a quarter of global demand for the precious metal and allowing the country's banks to trade gold directly with each other should boost demand further.

Frik Els | July 19, 2012 | 7:35 pm

China Mining United to launch potential $2 billion equity fund for Africa mining deals

China Mining United Fund plans to establish a collaborative China/Africa equity fund to pursue minority stakes in gold, iron-ore and metal companies in Africa and other parts of the world, and which could raise $2 billion in investment capital.

Marc Howe | July 19, 2012 | 4:54 am

Discovery of rare earth minerals on ocean floor could break Chinese stranglehold

Recent discoveries of rare earth minerals at the bottom of the Pacific Ocean could break China's existing stranglehold on supply of the key raw materials.

Marc Howe | July 18, 2012 | 3:48 am

Here is China’s Bridge to Nowhere. It also happens to be the world’s longest

Simply put, China has built too much, too quickly.

Frik Els | July 17, 2012 | 6:40 pm

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Mining’s unlikely heroines – Greta Thunberg and AOC

Green aluminum, coming soon to a metals-trading desk near you

Palladium tops $1,800 for first time as shortage persists

China iron ore futures rise on easing trade tensions, firm demand

Papua New Guinea orders China-owned Ramu nickel plant to shut

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