China's top copper producer Jiangxi Copper (0358.HK) (600362.SS) expects domestic copper prices to rise this year, mainly due to a supply squeeze, its chairman said on Saturday.
The head of China's largest metals trader has called for government efforts to consolidate the rare earth industry and nurture competitive domestic firms in the sector.
Zhou Zhongshu, president of China Minmetals, said that the difficulties facing China's rare earth industry mainly come from the fact that local authorities, owners of rare earth mines, tend to issue mining licenses to local firms.
According to U.S. embassy cables released on Wikileaks, Australia’s changes to foreign investment rules in 2009 were aimed at limiting Chinese investments […]
China may have dominated mining news headlines over the past year, but it is a small player when it comes to mergers and acquisitions, according to a report released today from PwC.
The Mining Deals report states that in 2010, just 6% of global mining involved purchases by Chinese companies, compared to 36% from companies domiciled in Canada, 16% in the US and 16% in Australia.
The numbers appear to dispel the myth that China is amassing control of the world's resources by merging and acquiring firms into its orbit.
Australia produced 266 tonnes of gold in 2010, up 17% on 2009 but not enough to secure it first place as China's output grew to 341 tonnes in the same period. Australia maintained its number two ranking in gold output behind China in 2010