• Sat
  • Dec 27, 2014
  • Updated: 1:24pm


Care needed in minerals quest

The world's thirst for minerals is taking it to ever-more remote places, ones that are often in difficult and environmentally-sensitive locations.

Monday, 15 August, 2011, 12:00am

Mainland finds Asia's biggest iron ore deposit

The mainland said yesterday it had found Asia's biggest iron ore deposit in its northeast region, a discovery that could reduce the heavy reliance by the world's largest steel producer on imported raw materials.

The China News Agency said the new deposit at Dataigou in Liaoning province had estimated reserves of at least 3 billion tonnes.

25 Jun 2009 - 12:00am

Chinese steel mills reject Rio's 33pc ore price cut

China Iron & Steel Association, the leading negotiator on behalf of the country's mills, yesterday formally rejected the 33 per cent decrease in this year's iron ore prices that Japanese and South Korean steelmakers had agreed with Rio Tinto Group.

1 Jun 2009 - 12:00am

Fund bullish on commodities boom

The commodities boom will last for decades despite some volatility, supported by continued demand in emerging economies, says Evy Hambro, who runs BlackRock Investment Management's US$15.3 billion World Mining Fund.

3 Apr 2008 - 12:00am

Jinchuan may fight Zinifex bid for Allegiance

Jinchuan Group, a state-owned mining firm expanding overseas through acquisitions, has urged its Australian partner to reject a hostile takeover offer, in a move analysts that say shows it may make a counter-bid.

12 Jan 2008 - 12:00am

Mainland steelmakers eye stake in Australian miner Grange

Two mainland steelmakers are in talks to buy a stake in Australian iron ore producer Grange Resources or its iron ore projects, joining a string of cash-rich mainland-based companies securing overseas resources amid rising iron ore demand and prices.

7 Nov 2007 - 12:00am

Steelmakers face tough talks on iron ore prices

Mainland firms fail to strike deal with big three suppliers

China's steelmakers are a long way from reaching agreement with the three big suppliers of iron ore and weeks of tough talks lie ahead.

23 Feb 2006 - 12:00am

2,000 forfeit deposits

More than 2,000 potential buyers have forfeited their five per cent deposits from five Home Ownership Schemes still under construction by the Housing Authority. A Housing Authority spokesman said it was too early to say whether the defaults had anything to do with the price war launched by major developers this week.

22 May 1998 - 12:00am

Gold digger

China has approved a gold project in the northwestern region of Xinjiang that could produce up to two tonnes of gold a year, according to reports.

The 13th Engineering Bureau under the Ministry of Railways will handle mining and the Axi Gold Bureau will handle ore dressing, according to the People's Daily .

9 Oct 1996 - 12:00am

US$900m import target

CHINA National Non-ferrous Metals Import and Export Corp will import US$900 million worth of non-ferrous metals, mostly copper and aluminium ore, this year, according to a China Daily report.

The company, China's principal trader in non-ferrous metals, said the imports would come from Australia and South America.

4 Mar 1994 - 12:00am