Mining and Minerals Industries Holding has entered into a conditional transaction agreement with Bezant Resources – the UK AIM-listed copper-gold exploration and development company – for its wholly-owned subsidiary MMJV to acquire an 80 per cent shareholding in Asean Copper Investments.

Since 1 July 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from OceanaGold’s Didipio mine site in response to a directive from the Governor to “restrain any operations” of the Company.

China has transitioned into a major importer of natural graphite, increasing monthly shipments from Africa by almost 2,000 per cent since the start of 2018 to exceed 22kt in May.

Lithium Australia is forming a business partnership with leading Chinese battery producer DLG Battery to launch a new range of lithium-ion batteries (LIBs) in the Australian market, with a focus on industry-scale energy storage systems (ESS).

Measures to limit emissions and diversify China’s economy are having real results on the nation’s coal usage, according to Sarah Liu, Deputy General Manager of Fenwei Energy.

In early September, the African Energy Chamber concluded a one-week working visit to Beijing where it met with senior officials from the Chinese government, heads of state-owned energy companies and representatives from the business sector.

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).

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

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

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.

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.

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

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.

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 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.

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.

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.

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.

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.