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China Mining News. Service for global professionals. Constantly updated news and information about China.
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Latest China Mining News

  • Judgment Day for Global Financial Economy 6 Dec 2009 20:17 GMT
    ... buyers of gold and no longer sellers. China has doubled its gold reserves these past 10 ... of. And what about investing in those mining companies producing gold and exploring for new deposits? ... quick 20,000 dollars? Invest 50,000 in a gold mine. There’s a lot of truth in that. ...

  • David Malpass: Near Zero Rates are Hurting the Economy 6 Dec 2009 19:56 GMT
    ... is to convince the capital now funding gold mines and foreign asset bubbles to instead fund ... policies, two other benefits may accrue . China should be more willing to allow yuan appreciation ...

  • Rio to keep to original deal 6 Dec 2009 19:53 GMT
    ... BHP Billiton in the tie-up between the mining heavyweights to create a jointly owned $US116 ... over the key steel-making raw material. The Chinese steel industry has also been vocal in its ... an earlier $US19.5 billion refinancing deal with China's state-owned Chinalco. That deal envisaged a cash ...

  • Heritage Gold gets 25-year mining permit 6 Dec 2009 19:45 GMT
    ... Heritage Gold has been granted a 25-year permit ... the first in 18 years for gold mining in the North Island outside of Waihi, ... and talks were already under way with Chinese groups about a joint venture project. Heritage executive ...

  • BHP, Rio Tinto seal vast iron ore joint venture 6 Dec 2009 19:33 GMT
    ... SYDNEY: Mining giants BHP Billiton and Rio Tinto have ... of a 19.5-billion-dollar bid for Rio by Chinese state-owned firm Chinalco. It also followed BHP's dropping of a ...

  • Nod for Yanzhou buy 6 Dec 2009 18:54 GMT
    ... Chinese regulators have approved Yanzhou Coal's A$3.5 billion (A$1 ... to slash its ownership of Felix's four coal mines to 50 per cent and cut its ...

  • Alcoa says weak dollar is bad for US industry 6 Dec 2009 18:52 GMT
    ... Australian dollar, even the Canadian dollar.” Many mining companies – especially those operating in South ... that he would welcome direct competition from Chinese aluminium companies such as “One of the reasons ... of the reasons we are co-operating with [Chinalco] is because I believe we should see ...

  • Gold, the traditional safe haven, keeps on soaring 6 Dec 2009 18:09 GMT
    ... has re-established itself as an investment asset. China and Sri Lanka are among other Asian nations ... opposed to investing in futures contracts or mining companies, rose by 11 per cent in ...

  • India for 20-25% emission cut by 2020 6 Dec 2009 16:34 GMT
    ... in concert with some developing countries including China, said India was reducing the emission intensity -- ... climate change would exacerbate the effect of mining in forest areas of Jharkhand, Orissa and ...

  • Rio Tinto and BHP Billiton will combine operations 6 Dec 2009 16:16 GMT
    ... LONDON - Mining companies Rio Tinto PLC and BHP Billiton ... was scrapping a A$19.5 billion deal with China's Chinalco after Australian opposition to a foreign state-backed ...

  • Byrd says coal industry must change (22 Comments) 6 Dec 2009 16:15 GMT
    ... He also bashed the Southern WV coal miner, your headlines do not mention that. Sen. ... of the employees were lost in underground mining: The industry does not pay enough in taxes ... pledge a few billion and probably give China some of its own money back to pledge ...

  • Rio and BHP Sign Deal on Ore Venture 6 Dec 2009 16:10 GMT
    ... The mining giants BHP Billiton and Rio Tinto signed ... has also upset some major customers in China. Together, BHP and Rio would have about 350 ...

  • Byrd says coal industry must change (21 Comments) 6 Dec 2009 14:55 GMT
    ... He also bashed the Southern WV coal miner, your headlines do not mention that. Sen. ... of the employees were lost in underground mining: The industry does not pay enough in taxes ... pledge a few billion and probably give China some of its own money back to pledge ...

  • China bids for Indophil 6 Dec 2009 14:18 GMT
    ... Indophil's only asset is its 34.23 per cent ... deposits - through subsidiary Sagittarius Mines. The mining major also holds a 19.9 per cent ... entered a pre-bid acceptance agreement with the Chinese company. Xstrata copper chief executive Charlie Sartain said ...

  • Flush With Cash, Bumi Ready to Ride 'Impending Upturn' in Commodities 6 Dec 2009 14:16 GMT
    ... group’s PT Bumi Resources, the biggest coal miner in the country, has a remaining “war ... billion of a $1.9 billion loan from Chinese sovereign wealth fund China Investment Corp. in September to pay for ...


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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8270
EUR 1 = CNY 10.1438

Hong Kong Dollar:
USD 1 = HKD 7.7502
EUR 1 = HKD 11.5156

Macau Pataca:
USD 1 = MOP 7.9826
EUR 1 = MOP 11.8609

Taiwan Dollar:
USD 1 = TWD 32.1650
EUR 1 = TWD 47.7920

USD 1 = EUR 0.6730
EUR 1 = USD 1.4858

Closing Stocks:
Shanghai A: 3,479.31(1.62%)
Shenzhen A: 1,275.40(-1.60%)
Hang Seng: 22,498.15(-0.25%)
Taiwan Taiex: 7,650.91(-0.44%)

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