Cobalt, nickel, other battery metals face supply crunch by 2020s — report

The head of research for China's Central Banl says that the country should buy gold as the only safe place for risk averse investors when other assets are losing value

China has set the first tranche of rare earths export quotas for 2012 with more in reserve for firms that have not yet passed inspections. The biggest producer Baotou Rare Earth is still awaiting environmental approval

Mirny Mine, the largest open pit diamond mine in world, is located in Mirny, Eastern Siberia, Russia

FLSmidth has been awarded a contract worth approximately USD 105m (approximately DKK 600m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.

The discovery of a massive new coal reserve in Xinjiang Uygur is hoped will help meet China's coal requirements, which are set to grow to 1 gigaton during the 12th 5-year plan.

Tens of thousands of residents from Haimen, China, who protested the construction of a coal-fired power plant earlier this week, are now being arrested.

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it has received approval from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for its planned purchase of International Mining Machinery Holdings Limited (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China. These shares represent approximately 41.1% of the outstanding common stock of IMM.

According to a source close to the deal, Chinese-controlled Yancoal Australia has approached Gloucester Coal with a plan to merge their neighbouring coal assets in Australia.

If the uranium industry was hoping that China would be the tide that floats all boats, it will have to wait longer than expected.