Russian fund plans a $1bn mining venture with China Gold

MINEX FORUM | November 16, 2017
img0 (Bloomberg) — Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal. “We and China Gold will create an attractive financial platform that private investors can take part in and make ...

Serbia anticipates investors from China

MINEX FORUM | July 12, 2017
img0 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister, anticipates investors from Hong Kong and Beijing will pour tens of millions of euros into eastern Europe and he wants Serbia — among ...

RTB Bor is close to its potential investor

MINEX FORUM | April 11, 2017
img0 Image: energovg.rs Serbia’s economy ministry is close to signing an agreement for the sale of copper miner and smelter RTB Bor to one of the largest Chinese mining companies, said seenews.com with reference to Serbian media reports.  The government is in intensive talks with Chinese companies for the privatisation of RTB Bor under a model similar to ...

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 ...