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Hottest news review on Chinamining.org in April, 2014

Updated: 2014-04-30 13:37

Comprehensive news

Chinese steel industry makes big losses in first quarter of 2014

The first quarter of 2014 has been the "coldest winter" for China's iron and steel industry since 2000, as more steel mills saw deficits and steel output continues to rise, indicated a news release by China Iron and Steel Association (CISA) Monday.

China's miners to step up push overseas

Chinese mining companies will be on the prowl this year to acquire more firms or forge joint ventures in regions ranging from Africa to Latin America to Southeast Asia as they try to feed the country's voracious appetite for the iron ore and precious and industrial metals vital for an economy that has slowed but is still expanding at a healthy clip.

China to shut down 2,000 coal mines this year 
China will shut down roughly 2,000 small coal mines this year, with a total capacity of 117.48 million tonnes, as part of the Beijing's ongoing plan to reduce the alarming rates of air pollution and reduce the nation's dependency on the fossil fuel.


China's coal imports set to hold steady in 2014 - govt

China's imports of coal in 2014 are expected to remain at the same level as last year, with demand growth slowing and the domestic market already well-supplied, a senior energy official said on Thursday.

China's Iron Ore Inventory Rises to Record on Output, Financing

Iron ore stockpiles in China, the world's biggest buyer, surged to the highest ever amid demand to use the steel-making ingredient as collateral to get credit and as mills ramped up production in a peak season.

China Aluminum Exports Highest Since 2011 on Overseas Premium 

Aluminum exports from China, the world's largest producer and user, rose to the highest level last month in more than two years as traders shipped the metal overseas for higher returns amid a record premium.

Merge and acquisition

Minmetals Group Buys Glencore Peru Copper Mine for $5.85 Billion

China Minmetals Corp., the state-owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc (GLEN)'s Las Bambas copper project in Peru as China seeks greater control over material supplies.

Chinese company to explore iron reserves in Chiniot

A historic agreement was signed between Punjab government and Chinese company Metallurgical Corporation for exploring iron reserves in Rajua, Chiniot on Wednesday.


Zijin to Look at Shale Gas, Mine Acquisitions as Gold Drops

Zijin Mining Group, China's biggest gold miner by market value, is studying a move into shale gas and will target buying super mines after falling bullion prices and rising costs cut profit.

Chinalco Mining sets sights on copper projects in Latin America

Chinalco Mining, the non-ferrous and non-aluminium metals unit of aluminium giant Chinalco, is seeking acquisition opportunities in Latin America for copper projects with long-term return rates of more than 10 per cent.



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