MINING.COM

China amassing ‘absolutely shocking’ amount of gold

Storied money manager Stephen Leeb says China is acquiring as much gold as it possibly can in a spate of 'controlled desperation.'

Marc Howe | July 25, 2012 | 1:34 pm

China cracks down on illegal rare earth mines in Guangdong province

Police in the southern Chinese province of Guangdong announced on Tuesday that they have shut down nine rare earth mines operating illegally in Longchuan county over the past six months.

Marc Howe | July 25, 2012 | 2:49 am

Zimbabwe strike cripples diamond operations of military-backed Chinese firm

A strike by over a thousand employees of Anjin Investments has crippled the Chinese company's Zimbabwe-based diamond mine.

Marc Howe | July 24, 2012 | 3:49 pm

WTO probe ratchets up rare earth tensions with China

The World Trade Organization will investigate China's quotas and tariffs on rare earth minerals following prompting from the US, EU and Japan, who allege the export restrictions are in contravention of international trade regulations.

Marc Howe | July 24, 2012 | 10:06 am

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

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