CHINA

Gloomy picture for Chinese steel mills this year - CISA

Friday , 19 Mar 2010
The mills, which already face excessive output, have been asked to accept a doubling of prices from their top supplier, Vale, a Chinese official said.

Australia wants full access to Rio trial

Thursday , 18 Mar 2010
Australia has urged China to allow its diplomats full access to the trial, President Kevin Rudd said the government would do everything necessary to support the miner's staff

Outotec to deliver a new copper smelter for Tongling in China

Wednesday , 17 Mar 2010
Metallurgical specialist Outotec has been awarded a contract for copper smelter design and delivery by Tongling Non-Ferrous Metals Group in China

Rio four to stand trial next week

Wednesday , 17 Mar 2010
According to the Australian foreign affairs department, the trial of the four Rio Tinto employees accused by China of commercial spying will commence on Monday, March 22.

Chinese commerce ministry seeks to maintain long-term pricing for iron ore

Tuesday , 16 Mar 2010
Many of the top Chinese mills have appealed to Premier Wen Jiabao to step in and take the issue up at the national level

Chinalco may be lining up for a stake in massive Oyu Tolgoi gold/base metals mine

Tuesday , 16 Mar 2010
The big Oyu Tolgoi base metals and gold project in Mongolia could see investment from Chinalco as Rio Tinto continues to rebuild bridges with China.

Australia pleased with China report on failed Chinalco, Rio Tinto tie-up

Monday , 15 Mar 2010
The report by the Asian superpower said nether Rio Tinto or the Australian government were to blame for the collapse of the $19.5bn tie-up

Rescuers finally give up search for 31 trapped Chinese coal miners

Monday , 15 Mar 2010
Despite two weeks of rescue efforts including dewatering a flooded coal mine, rescuers finally gave up the search for 31 coal miners trapped underground in the Inner Mongolia Autonomous Region of China.

Iron ore benchmark deal expected in April - Anshan Iron and Steel

Wednesday , 10 Mar 2010
But, the president of the Chinese iron and steel group urged the big iron ore suppliers to be "more reasonable" in their demands

Chinese off-shore mining investment must be accompanied by domestic reform

Tuesday , 09 Mar 2010
As Chinese foreign mining investment has yet to truly gather momentum, it needs to be simultaneously accompanied by domestic business reforms for the nation to truly become a major player in the sector.

Angang steel president not holding out hope for low iron ore price increases

Friday , 05 Mar 2010
The president of the fourth largest steel producer in the Asian superpower said the increase is likely to be relatively large

Low Chinese coal production target could mean a boost to imports

Friday , 05 Mar 2010
China's target of a 3.3% increase in coal production for the year is at the bottom end of analyst expectations

Analysts dismiss Chinese price hike report

Thursday , 04 Mar 2010
Commentators consider claims that global miners offered Chinese steel mills a 50% rise in iron ore prices as unlikely, maintaining that a rise of 65 to 70% is more probable

1 killed, 31 miners trapped by flood in Chinese state-owned mine

Tuesday , 02 Mar 2010
Rescuers are at work pumping out the water from the coal mine

Chaos could be looming as China pushes for "unified price" for iron ore

Tuesday , 02 Mar 2010
The China Iron and Steel Association continues to fight to give the industry a single voice despite long-running conflict between state -owned mills and private operators

Strong start to 2010 gold demand in China, India - WGC

Thursday , 25 Feb 2010
The WGC says India's jewellery sector has been buying regularly while tighter monetary policy in China has not affected buying.

India again seen as likely buyer of more IMF gold

Wednesday , 24 Feb 2010
With India's gold holdings still lagging other major economies, it is said to be closely watching the gold market for other buying opportunities

Rio spy saga won't hurt relations with China - Australia

Wednesday , 24 Feb 2010
Australia and China resumed free trade talks Wednesday, which Australia says were not hurt by the arrest of four Rio Tinto employees on charges of espionage

Forget gold - is China the real bubble?

Monday , 15 Feb 2010
Bubble talk. Gold is not in a bubble situation, but some economists believe China may be. We note some of the warning signals and assumptions behind the prognosis.

China and India - the Asian gold-buying phenomenon

Monday , 15 Feb 2010
The ever growing purchasing power of the Chinese and Indian general populations throws bearish fundamental analyses of the gold market into disarray.

Australia wants transparency in Rio spy case

Thursday , 11 Feb 2010
The country asked China to deal quickly and clearly with the trials of the four Rio Tinto employees accused of bribery and espionage

China indicts Rio Tinto employees for bribery, espionage

Wednesday , 10 Feb 2010
The four employees of the Australian based miner, arrested last July have been accused of using their positions to ‘seek gain for others' in a case that has tested ties between Australia and China

Chinese iron ore imports, steel exports slow

Wednesday , 10 Feb 2010
Iron ore imports fell 25% while steel exports saw an end to a seven-month rising trend.

China's CIC fund bets on North American coal, gold, iron ore, potash

Tuesday , 09 Feb 2010
The $200-billion China Investment Corp. has made substantial investments in the North American mining industry and, in particular, Teck Resources.

China and U.S. heading for a cold war? What impact on gold?

Sunday , 07 Feb 2010
Some observers feel that China may be looking to retaliate over recent U.S. political statements and moves and a recent Chinese poll suggests it and the U.S. may be moving towards a ‘cold war'. Such political uncertainties could have a positive impact on the gold price.