• Nevsun to be acquired by Zijin Mining for US$1.41 billion

    Nevsun Resources andZijin Mining Group haveentered into a definitive agreement pursuant to which Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash. The Offer is valued at C$1.86 billion (US$1.41 billion).

  • BHP looks to strengthen its ties with China

    Major miner, BHP, has analysed the impact of China’s Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand.

  • Tesla supplier Ganfeng Lithium prices its HK listing at bottom of marketed range

    Chinese top lithium producer, Ganfeng Lithium, falls short of raising its anticipated US$676 million in its Hong Kong initial public offering.

  • Barrick announces agreement with Shandong Gold

    Barrick Gold is stipulating that in the next 10 to 15 years, China has the potential of becoming the largest economy in the world. If it does, it will be the first time in 150 years that a country other than the United States holds the coveted position.

  • Chinese eyeing funding options over AUD$480m copper mine

    Proponents of a new AUD$480 million copper mine on South Australia’s Yorke Peninsula are evaluating financing options in regard to project funding and offtake agreements from a number of interests, including Chinese.

  • China Shenhua Energy promising outlook

    Profit at China Shenhua Energy Co jumped to the highest since 2012, as strong demand and government efforts to rein in overcapacity helped bolster prices.

  • Yanzhou Coal surge bolstered by Yancoal Australia’s record profit

    Yanzhou Coal Mining Co. has reported gains after its 2017 net income rose more than fourfold.

  • Songjiagou North development advances

    MAJESTIC Gold expects underground development of the Songjiagou North property of its Songjiagou Gold Project in Shandong Province to be completed in about 12 months. By 30 June 2017, the company had completed 1000 metres of the 2075 metre access ramp.

  • Major vanadium flow battery contract

    PU NENG Energy has been awarded a contract for construction of a 12-megawatt per hour vanadium flow battery as Phase 1 of a larger 40MW/hour energy storage project in Hubei Province. It is a major milestone for Pu Neng, a leading vanadium flow battery manufacturer, and also represents significant value to Canada’s Sparton Resources, whose 89.8%-owned subsidiary VanSpar Mining owns 18% of JD Holding, which owns Pu Neng.

  • Minco progresses joint project permitting

    Minco Silver continues to progress permitting of the combined Fuwan Silver Project and Changkeng Gold Project in Guangdong province. Since 2016 the company has been working to combine Fuwan with the adjoining Changkeng project.

  • China Molybdenum eyes overseas assets

    AFTER spending US$5.3 billion to seal three deals involving overseas mining assets in the past 18 months, China Molybdenum is seeking more acquisition opportunities. However, the Luoyang, Henan province based company says the targets must rank among the bottom half of the production cost curve.

  • Silvercorp identifies more mineralisation

    UNDERGROUND drilling and exploration tunnelling by Silvercorp Metals at Ying Mining District continue to identify high-grade mineralisation beneath current production levels. The drilling is part of 2017 exploration at the HZG, HPG, LMW, TLP and LME mines.

  • Jiama expansion boosts copper production

    THE first stage of China Gold International Resources Phase II expansion at Jiama Copper-Polymetallic Project in Tibet Autonomous Region will achieve full capacity by the end of the year. In the first half of 2017, 31.97 million pounds of copper were produced, up 59% from the 20.11 million pounds in the first six months of 2016.

  • Chinese look outward for investment

    CHINA remains the single largest contributor to global economic growth and its influence is growing by way of increasing overseas investment. Indicative of this is the fact that in 2016 China’s outward foreign direct investment (OFDI) surpassed inward FDI for the first time in recent history.

  • Strong start to year for China Gold

    CHINA Gold International Resources has had a strong start to the year at Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous Region and at CSH Gold Mine in Inner Mongolia, leaving the company confident of meeting 2017 production guidance.

  • GCZ CBM production plan approved

    CHINA National Petroleum Corporation’s (CNPC) Consultation Centre has approved the Qinshui Basin Chengzhuang Cooperative CBM Block (GCZ) development plan of coal bed methane (CBM) group Green Dragon Gas. The plan includes drilling an additional 147 production wells at GCZ in Shanxi Province in 2017 and 2018.

  • Xiling could be China’s largest gold mine

    SHANDONG Gold Group says it has discovered deposits that could be China’s largest gold discovery. The deposits are at Xiling mine, Shandong Province in the nation’s east.

  • New Cat longwall for Datong group

    CATERPILLAR will supply a complete longwall top coal caving (LTCC) armoured face conveyor system to Datong Coal Mine Group’s Majialiang coal mine. It will be the fifth set of Cat LTCC face conveyors delivered to the mine, which is near Datong City in Shanxi Province.

  • Jiama expansion begins ramp-up

    CHINA Gold International Resources has completed the phase II series I expansion project at the Jiama Polymetallic Project in Tibet Autonomous Region. The company expects the project will ramp up to full daily capacity of 22,000 tonnes by July 2017.

  • Las Bambas starts copper operations

    HONG Kong-listed MMG, a subsidiary of state-owned mining conglomerate China Minmetals, has started commercial operations at the Las Bambas Copper Project in Peru. The project is the largest overseas mining acquisition ever made by the Chinese.

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