MINING.COM

Iron ore hits 5-week high as China continues to forge steel near record pace

The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week low of under $78 a barrel today.

Frik Els | June 21, 2012 | 7:05 pm

China has ‘paid a big price’ for its rare earth industry: government

China is restricting the export of rare earths to protect its environment, said Su Bo, vice-minister of industry and information technology at a news conference in Beijing on Wednesday.

Michael Allan McCrae | June 21, 2012 | 6:31 am

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

Cecilia Jamasmie | June 21, 2012 | 12:24 am

China takes up India’s gold buying slack

A strong yuan and few other investment opportunities are prompting record gold buying in China just as India's appetite wanes due to a weakening currency.

Frik Els | June 20, 2012 | 5:49 pm

Uranium market to pick up as reactors come back

Australia-based Foster Stockbroking said Tuesday that an industry-wide restart would boost global uranium demand by 30 million pounds a year which could act as a catalyst to flagging uranium prices.

Cecilia Jamasmie | June 19, 2012 | 2:43 pm

L&L Energy buys majority stake in Chinese coal mine

US-based L&L Energy, Inc. (NASDAQ: LLEN), a company with five-year track record of profitable coal operations in China, announced it has entered into an MOU to acquire the Lashu Mine in HeZhang County, Guizhou Province.

MINING.com Editor | June 18, 2012 | 4:23 pm

End of an epoch as Hong Kong exchange takes over 135-year old LME

The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.

Frik Els | June 15, 2012 | 1:57 pm

Thermal is wrecked: Chinese inventories climb to 2008 financial crisis levels

In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.

Frik Els | June 14, 2012 | 9:20 pm

Coal’s good year and uranium’s worst year

Last year coal was the the only fossil fuel to record above average worldwide growth at 5.4%, while nuclear power consumption was off 4.3%, the largest decline on record, said BP in its look at energy use in 2011.

Michael Allan McCrae | June 13, 2012 | 7:21 pm

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Tin prices face pressure from rising output, says ITA

China launches three months of checks on coal mine safety

Iron ore price: World steel production shrinking

Despite the talk of coal’s demise, it still powers the world

EU to witness fastest growth in indirect demand for battery metals — report

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