MINING.COM

Singapore-based iron ore platform to compete with China’s beginning on Wednesday

A second major physical iron ore trading platform, supported by major mining companies and Chinese steelmakers will launch this Wednesday, competing directly with China's new own platform in a race to create an industry price benchmark.

Cecilia Jamasmie | May 28, 2012 | 2:04 pm

Beijing iron exchange handled only 8 transactions in its first 3 weeks

It has been a slow start for China’s first physical iron ore trading platform which was launched with the idea that it would give China greater influence on the price of the commodity.

Frik Els | May 27, 2012 | 12:55 am

Rio Tinto confirms strong potential for diamond jewellery demand in China

An increasing demand for diamond jewellery coming from China could help precious stone producers to boost sales in the following months, hinted diversified miner Rio Tinto (LON:RIO) in a release summarizing key insights from a market research.

Cecilia Jamasmie | May 25, 2012 | 10:58 am

China gains approval to begin trading silver futures

It has been a tough month for both silver prices and silver stocks. The Global X Silver Miners ETF (SIL) has fallen nearly 16 percent in the last month.

Marketwire | May 25, 2012 | 5:22 am

Chinese consumption surprise sees copper price come roaring back

Goldman Sachs came out with a report showing Chinese copper usage in April came in at the second highest run rate on record.

Frik Els | May 25, 2012 | 12:31 am

Xstrata relies on China to lift copper demand

Copper demand in China, the world's main consumer of the red metal, is expected to rebound in the second half of 2012, despite the uncertain outlook for Europe, the head of Xstrata PLC's copper division said.

Cecilia Jamasmie | May 22, 2012 | 2:54 pm

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.

Cecilia Jamasmie | May 22, 2012 | 12:41 pm

Iron ore hits six-month low as China just says no

Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.

Frik Els | May 21, 2012 | 8:00 pm

China may surpass India as biggest gold market, WGC says

Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple as the world's largest bullion market on an annual basis, according to the World Gold Council.

Pakistan Today | May 20, 2012 | 9:39 pm

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