Archive for the 'Mining' Category
CIC planning more resource investments
China’s $300 billion sovereign wealth fund is considering new investments in resource-related companies after bets on commodities producers from the US to Kazakhstan paid off in 2009. China Inve... Read More
Australian mineral explorer teams up with Chinese company
Australian mineral explorer Venus Resources Ltd announced on Monday it had entered into share subscription and joint venture deals with a Chinese entity. Venus recently expanded its exploration focus ... Read More
CNGG seeks more mines overseas
China National Gold Group Corp (CNGG), the country’s second largest gold producer, will transfer several gold mines as assets to its Canadian subsidiary Jinshan Gold Mines this year and acquire ... Read More
Exposing the cover-up
Why do industrial enterprises such as coalmines and steel plants always cover up workplace accidents? Why do they always try to dilute the seriousness of an accident by reporting a fewer number of dea... Read More
Minmetals may benefit from Chile mining deal
Subsidiary to join hands with Shunde Rixin for iron ore imports China Minmetals Corporation, the country’s largest metals trader, said yesterday it plans to cooperate with a Guangdong-based priv... Read More
Chinese company acquires Canadian copper mine in Ecuador for 4.4 bln RMB
The competitive pattern of China’s domestic copper smelting industry is quietly changing. China’s largest and third largest copper producers Jiangxi Copper Corporation and Yunnan Copper Co... Read More
China Minmetals, Shunde Rixin to explore Chilean mine
China Minmetals, China’s largest diversified metals-trading company, said Tuesday it will cooperate with Shunde Rixin Development Company to develop an iron-ore mine in Chile. Gao Peijun, a medi... Read More
Chinese private firm buys Chile iron mine
Guangdong Province-based Rixin Development, a privately-owned company, has reached an agreement to buy a majority ownership in a foreign iron ore mine, the local media reported. Rixin Development inke... Read More
Zijin Mining buying $200m of Glencore convertible bonds
Zijin Mining Group Co, China’s largest gold producer, will buy $200 million of convertible bonds issued by Glencore International AG to gain investment opportunities with the world’s bigge... Read More
Australia court approves mine takeover by China’s Yanzhou Coal Mining
Yanzhou Coal Mining, China’s fourth-biggest coal producer, announced Thursday that the Federal Court of Australia has approved its plan to take over Australian coal miner Felix Resources at an a... Read More
Zijin Mining sets sights on Indophil
A geologist examining the drill core at the Tampakan copper and gold mine project in the southern Philippines. The project holds 13.5 million tons of copper and 15.8 million ounces of gold. [Agencies]... Read More
Zijin Mining sets sights on Indophil
A geologist examining the drill core at the Tampakan copper and gold mine project in the southern Philippines. The project holds 13.5 million tons of copper and 15.8 million ounces of gold. Bloomberg ... Read More
The tragic price paid for keeping us warm
It is a cold, cruel winter. The first snow fell in China almost a month ahead of time. Children couldn’t wait to have a snowball fight in the yard and build their first snowman. Most major citie... Read More
