Archive for the 'Mining' Category
Chalco faces downgrades after Rio JV
International credit rating agency Standard &Poor’s said Tuesday it has put Aluminum Corp of China on watch for downgrades after it announced it would invest $1.35 billion in a joint venture with Rio Tinto. S&P ... Read More
Rio Tinto, Chinalco Sign Agreement for Guinea Iron-Ore Project JV
The agreement will allow Chalco to aquire a 47 percent stake in the new JV by providing 1.35 billion U.S. dollars through sole-funding of ongoing development work over the next two to three years. Anglo-Australian mining giant ... Read More
Chalco to pour cash into Guinea mine
Aluminum Corp of China (Chalco), the nation’s biggest producer of the metal, signed in Beijing a binding agreement Thursday with Rio Tinto Group to establish a joint venture and operate an iron ore mine at Simandou in ... Read More
Chalco to mine iron ore
IN a move away from the commodity that gave the company its name, Aluminum Corp of China has agreed to pay Rio Tinto Ltd US$1.35 billion for a stake in an iron ore mine in the West African country of Guinea. Under the ... Read More
Chalco to pour cash into Guinea mine
Aluminum Corp of China (Chalco), the nation’s biggest producer of the metal, signed in Beijing a binding agreement Thursday with Rio Tinto Group to establish a joint venture and operate an iron ore mine at Simandou in ... Read More
Chinalco inks African JV with Rio
Aluminum Corp of China (Chinalco) on Thursday signed a $1.35 billion agreement with global miner Rio Tinto to develop the Simandou iron ore project in the West African country of Guinea. The move also marks the end of the ... Read More
China’s top aluminum producer, Rio Tinto sign deal on iron ore mine JV
The Aluminum Corporation of China Limited (Chalco), the country’s top producer of the metal, signed a binding agreement with the world’s mining giant Rio Tinto Thursday to set up a joint venture (JV) for the ... Read More
Dark Secrets of Death in China’s Mine Shafts
Illegal coal mines near Beijing used to provide the perfect cover for murder-extortion plots, before the truth came to light Zhang Xihua left most of her relatives in the dark when she suddenly and secretly married Han Junhong, ... Read More
Chinese workers held by Philippine police
The dozens of Chinese workers being held by police at a Philippine mine are safe, China’s embassy in Manila said on Tuesday. The workers have been held since Thursday at a chromite mine in Masinloc, 150 km northwest of ... Read More
China Gold Poised for Bolivian Reserves
As part of a plan to enlarge its overseas portfolio, China National Gold Group has applied for mining rights in Bolivia (Beijing) ?State-owned China National Gold Group, the country’s largest gold producer, is planning to ... Read More
When China’s rare earth elements can become rare?
China’s management of rare earth minerals has once again become the focus of media agencies from China and abroad. Rare earth minerals, as a strategic resource, have a very important strategic value. China has more than ... Read More
Zijin group ‘attempts to buy silence’
The Zijin Mining Group, China’s largest gold producer, has been accused of attempting to bribe journalists to cover up a wastewater leak in Shanghang, East China’s Fujian province. The Zijinshan Copper Mine, which ... Read More
China makes critical nuclear progress
China’s endeavor to increase the use of clean energy got a big boost on Wednesday after an experimental fast reactor using the mostly homegrown fourth-generation nuclear technology reached the critical state. Fast ... Read More