Amur Minerals signed a MoU with Jinchuan Nickel & Cobalt Research and Design Institute

MINEX Forum | November 1, 2016
img0 Amur Minerals Corporation signed a non-binding Memorandum of Understanding with Jinchuan Nickel & Cobalt Research and Design Institute Co, Ltd of Jinchang, China (Jinchuan). Jinchuan is a subsidiary of the Jinchuan Group and is responsible for the group’s engineering, design, procurement and construction activities (“EPCM”) and conducts independent work for additional international base metal companies. ...

China snapped up $4.5 billion worth of overseas M&A in mining

MINEX Forum | July 25, 2016
img0 Image: http://www.mining.com/ Chinese miners have been aggressively scouting for overseas mining acquisitions this year and are expected to continue bidding for strategic assets amid a commodity downturn that has pushed top miners to shore up their balance sheets by off-loading operations, mining.com reported. Only from January to June this year, China-backed funds and companies snapped up $4.5 ...

China’s potash deal benchmark have fallen to 30%

MINEX Forum | July 18, 2016
img0 Image: http://belpc.by/ Source: http://www.mining.com/china-signs-long-delayed-potash-deal-with-belarus-at-almost-third-of-last-years-price/?utm_source=digest-en-mining-160717&utm_medium=email&utm_campaign=digest China ended Thursday potash producers agonizing wait for an annual potash contract as the country, the world’s largest buyer of fertilizer ingredient, signed an overdue deal with Belarusian Potash Company (BPC). BPC, the trading division of state-owned Belarusian miner Belaruskali, said the consortium of Chinese firms agreed to buy potash this year at ...

Shocking breakdown of China’s foreign reserves is bullish for gold

Irina Dorokhova | July 11, 2016
img0 Image: timedotcom.files.wordpress.com “I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold” John Lee, CFA Executive Chairman, Prophecy Development Corp. This article has been written by him for ...

China gold reserves jumped to 58.62 mln troy oz

Irina Dorokhova | July 7, 2016
img0 Image: http://i.telegraph.co.uk/ Source: http://www.reuters.com/article/china-gold-reserves-idUSENNG760SX China’s gold reserves stood at 58.62 million fine troy ounces at the end of June, up from 58.14 million at the end of May, the central bank said on Thursday. China began updating its reserve figures on a monthly basis in June 2015. Prior to that, the reserve figures were not updated regularly. ...

Around 20 miners trapped in flooded mines in China

Irina Dorokhova | July 4, 2016
img0 Image: http://mfgtalkradio.com/ Source: http://aa.com.tr/en/anadolu-post/china-around-20-miners-trapped-in-flooded-mines/602007 Around 20 people are reported to be trapped underground in China after water flooded coal mines in the country’s north and southwest. State news agency Xinhua reported the country’s top safety watchdog as saying Sunday that 12 miners remain trapped in a flooded mine in the city of Jincheng in Shanxi Province. Local authorities have said ...