Archive for the 'Mining' Category
Illegal operation blamed for China’s coal mine explosion killing 49
Gross negligence of duty of work safety supervisors should also be blamed for the tragedy on June 21 in the Xingdong No. 2 Mine in Weidong District, Pingdingshan City of Henan Province, in which 26 others were injured, the ... Read More
Hebei Iron in talks with Atlas for stake in Ridley
Hebei Iron and Steel Group is in discussions with Atlas Iron Ltd for a stake in the Ridley magnetite project in Western Australia, sources familiar with the matter said on Monday. “Hebei Steel does not have any ... Read More
Black times ahead for villagers
The last remaining private coalmines in Beijing might have closed, but former workers say they are stranded in ghost villages standing on dangerously fragile ground, with zero prospects for the next generation. A plan to ... Read More
No quick fix for illegal rare earth hunt
China’s tougher measures to crack down on illegal mining of rare earth may not have instant results, given the scattered distribution of the minerals across the south and resistance from local interest groups, ... Read More
Minmetals plans more overseas M&As
China Minmetals Group, the nation’s largest metals trader, is planning more overseas mergers and acquisitions (M&A) in ferrous metals this year to bolster its raw material supplies. The company is looking for ... Read More
Axing of resource tax proposed
The government is studying a proposal to reduce the tax on domestic iron ore resources in order to stimulate domestic suppliers and reduce dependence on costly imports, a top official from the China Mining Association said ... Read More
China railway materials company to invest in African minerals
China Railway Materials Commercial Corporation (CRMSC) recently agreed to inject 280 million U.S. dollars of liquidity into African Minerals Ltd to buy a 12.5 percent share in the African company. According to the ... Read More
African Minerals in funding talks with Chinese companies
African Minerals Ltd is in talks with several Chinese companies to raise $5 billion in funding to explore the Tonkolli iron ore project in the West African nation of Sierra Leone, a top company official said on ... Read More
Help set for Mongolia mining sector
Visiting Chinese Premier Wen Jiabao promised on Tuesday to provide economic help to Mongolia in the form of grants and loans, to help the neighboring country develop its mineral resources. The new funds, involving 50 ... Read More
Judge in inquiry over mine shares
A NORTHWEST China county judge’s initial legal victory to demand back 11 million yuan (US$1.6 million) in dividends from a local mine owner has sparked a disciplinary investigation into his own conduct. The Party ... Read More
Wuhan Steel gets green light for Africa ventures
A port worker sifting through unloaded iron ore imported from Australia at a port in Rizhao, Shandong province. (Source: China Daily/Chen Weifeng) China’s third largest steelmaker Wuhan Iron and Steel Group on Monday ... Read More
Two African ore deals get NDRC nod
The National Development and Reform Commission (NDRC) has given the nod to two proposed purchases by Wuhan Iron & Steel Group, giving the steel mill stakes in 2 billion tons of iron ore reserves. According to a ... Read More
Govt cracks whip on rare earth mining
China will launch a five-month nationwide crackdown on illegal mining of rare earth starting next month in a major bid to protect its valuable resources. Wang Min, vice-minister of land and resources, said at a video ... Read More