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  • July 30, 2014
  • Last updated: 7:05pm
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  1. News - China

    Largest gold mine with HK$50.16 billion in proven reserves discovered in Xinjiang

    Posted Jul 30th 2014, 02:11pm

    ... Kathy Gao kathy.gao@scmp.com Finding located on border with Kyrgyzstan part of Hong Kong Fuwei Mining project Geologists have discovered the largest gold mine so far in China’s northwest Xinjiang region, according to state media. The mine, located in Ulugqat, on the border with Kyrgyzstan, has proven gold reserves of 127 tonnes, estimated to be worth more than 40 billion yuan ...

  2. Business - Commodities - METALS

    Copper prices to remain stable until next year, predicts MMG mining chief

    Posted Jul 22nd 2014, 12:29am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com MMG mining chief's prediction comes as world supplies of metal expected to stay unchanged Copper prices to remain stable until next year The price of copper ... financing scandal on the mainland offset new supplies from elsewhere, according to the chief of MMG. Andrew Michelmore, chief executive of the Hong Kong-listed overseas mining unit of state-owned ...

  3. Business - China Business - MINING

    China Resources ignores calls from activist over mine 'irregularities'

    Posted Jul 05th 2014, 01:51am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shareholder activist calls on China Resources chairman Fu Yuning to cancel coal mine deal 'Return to sender' as CR letter fails to deliver China ... included a coal mine, railway and port project in Inner Mongolia, involving more than 10 billion yuan, he added. Another is the 7.9 billion yuan acquisition of three coal mines in Shanxi ...

  4. Business - Commodities - COMMENT

    Closures of China's iron ore mines won't offset global supply increases

    Posted Jul 03rd 2014, 02:08am by Reuters

    ... to a 21-month low last month. The bullish case for recovery is largely based on expectations that domestic production will drop as high-cost mines close on unsustainable losses. The loss of domestic output will open the door to increased imports, thus absorbing the extra supply being brought online by the major mining houses. This view is bolstered by the improving outlook for steel demand ...

  5. News - World - DEFENCE

    US decision to stop procuring antipersonnel mines hailed, but bolder steps urged

    Posted Jun 29th 2014, 05:54am by Reuters

    ... procuring mines hailed Arms-control groups welcomed the United States' decision to stop making and buying anti-personnel landmines, describing it as a small yet significant step forward. T he United States announced its decision on Friday at a conference in Maputo, Mozambique, to review the Mine Ban Treaty, also known as the Ottawa Convention. Human Rights Watch said Washington ...

  6. Business - Commodities

    One mining firm unfazed by South Africa’s troubles

    Posted Jan 28th 2013, 10:47am by AFP

    ... Agence France-Presse in Johannesburg As mining firms in South Africa appear to be rushing for the exit, one company is bucking the trend by setting up new operations. It may prove a harbinger of things to come. South Africa’s mining industry, the bedrock upon which the country was built, is going through something like an existential crisis. Thanks to a series of frequently ...

  7. News - China

    17 coal miners reported trapped underground following blast in Xinjiang region

    Posted Jul 06th 2014, 07:56pm by Associated Press in Beijing

    ... Associated Press in Beijing Rescuers work to free 17 from Xinjiang coal mine following gas explosion after three other workers are saved Rescuers on Sunday worked to free 17 miners trapped following a gas explosion at a coal mine in western China, the country’s official news agency reported. The blast at the mine in Fukang City, 120 kilometres from Urumqi, the capital of the sprawling ...

  8. News - World - SOUTH AFRICA

    The Skunk, a pepper spray drone for riot control at South African mine, stirs outrage

    Posted Jun 22nd 2014, 05:10am by GDN

    ... The Guardian in Johannesburg Outrage at riot control drone armed with pepper spray A South African company has begun supplying a drone to an international mining company that is designed to shower pepper spray on unruly crowds. Desert Wolf claims it wants to help in "preventing another Marikana"- a reference to a protest in August 2012 at which 34 striking mineworkers were ...

  9. Business - THE INSIDER

    Mining shares back in favour after steep fall in the past year

    Posted Oct 01st 2012, 12:00am by Robert Halili

    ... Robert Halili Sino Prosper chairman surprises market with big purchase on eve of company's suspension Mining shares back in favour after steep fall in the past year Directors' ... Most purchases were in mining stocks as they received price support following the steep fall in the past year. Meanwhile, the sale of company shares by directors surged for the second straight ...

  10. News - World - SOUTH AFRICA

    Strikers march at South Africa’s Marikana mine

    Posted Sep 05th 2012, 04:24pm by Reuters in Marikana

    ... Reuters in Marikana More than 1,000 striking South African miners waving sticks and whips demonstrated on Wednesday at Lonmin’s Marikana mine, where police shot dead 34 of their colleagues ... the demonstrators were heading to Lonmin’s nearby Karee mine to “take out the people who are working in the mine shaft”. Marikana accounts for the vast majority of the platinum output of Lonmin, which ...




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