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China Steelmaker Compete For Import Of Coking Coal Next Year
China as a country that has the largest steel manufacturer in the world, probably next year will face competition with Japan and South Korea for coking coal. This year China’s coking coal imports increased 12-fold. Increased coking coal imports due to China’s government policy to close some coal mines that are not considered safe in [...]
Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Global Mining Companies Conference : Mining Companies and Industry Hope Commodity Get Back On Track
Investors have lost a lot of money in mining companies the past few months, but they still seem interested in finding the next big winner.
China Mining Investment and Development in Australia May Hold
Australia’s Senate may hold an inquiry as early as next week to scrutinize investments by Chinese state-owned companies after Aluminum Corp. of China’s bid for a stake in Rio Tinto Group.
Iron Mine Demand Future : China Steel Producer Share Rise for First Time
The benchmark Shanghai Composite Index, which covers both A and B shares, edged up 9.17 points, or 0.49 percent, to 1,897.88 points.
The key index has risen more than 8 percent since Nov 9, when the government announced the four-trillion-yuan ($585.7 billion) stimulus package.
China Approve Coal Mine Export Quota of 15.9 Million
China Coal Mining Exploration Company, Shenhua Group said, China approved coal mine export quota totaling 15.9 million metric tons for November and December.
Shenhua can export 6.55 million tons in the so-called second batch of authorized coal shipments for 2008, the Beijing-based official in charge of overseas sales, who declined to be named because of internal [...]
Linc Energy Ltd Sign Agreement To Sell Coal Project To Xinwen Mining Group
Coal-to-gas and liquid-fuel developer Linc Energy Ltd says it is selling its Bowen Basin exploration tenements in Queensland to China’s state-owned Xinwen Mining Group for $1.5 billion.
Linc said it had signed a heads of agreement with Xinwen for the sale.
It said Xinwen will outlay an initial $150 million for the Emerald-based Teresa tenements, with the [...]
