This year’s iron ore benchmark talks will not end in agreement any time soon because Chinese steel mills will not accept a price that is higher than what the processed products can be sold for, Deng Qilin, the president of Wuhan Iron & Steel Group, said yesterday.
Deng, who is also the chairman of the China [...]
The nation’s largest metals trader, China Minmetals Corp, will set up a joint venture with its controlled company Hunan Nonferrous Metals Holding Group (HNG) to further consolidate its domestic nonferrous metals business.
Minmetals will inject most of its nonferrous mining assets into the new joint venture and use it as a platform to acquire more mining [...]
China’s top economic planner, the National Development and Reform Commission, has approved the plan to build a 7.1-billion-ton coal mining region in Northwest China’s Gansu province, People’s Daily reported Monday.
Ningzheng mining region is located in eastern Gansu, covering an area of 1,100 square kilometers. The mining region was designed to produce 20 million tons of [...]
Imported iron ore stockpiles at China’s leading ports increased by 310,000 tons last week, hitting a three-month high of 67.42 million tons as of Jan 22, the China Securities Journal reported today, citing industry data.
Shipments from Australia increased by 200,000 tons to 22.23 million tons, compared with the previous week, accounting for 33 percent of [...]
China discovered nearly 5 billion tonnes of iron ore deposits in 2009, chief engineer with the Ministry of Land and Resources (MLR) said Friday.
The deposits were discovered in provinces including northeastern Liaoning, northern Hebei, eastern Shandong and Anhui,and southwestern Sichuan, said Zhang Hongtao, MLR chief engineer.
The total discovered deposits included an iron ore deposit withan [...]
North China’s Inner Mongolia Autonomous Region has replaced neighboring Shanxi Province as the country’s largest producer of coal, local authorities said Friday.
In 2009, Inner Mongolia reported coal output of 637 million tonnes, 22 million tonnes more than Shanxi, China’s top coal producing region for 30 years, said a statement from the regional administration of coal [...]
