Industry News

South Africa intends to suspend issuing mining rights

07/21/2017 1:21 a.m.

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Moseb... Full Story

Schlumberger to buy 51 pct of Russian drilling firm Eurasia

07/21/2017 12:35 a.m.

Schlumberger NV, the world's largest oilfield services company, has agreed to buy a 51 percent stake in Russia's biggest oilfield services firm Eurasia Drilling Co (EDC), the Russian company said... Full Story

Investors bet on copper as electric car race hots up

07/21/2017 12:18 a.m.

As leading carmakers aim to electrify their models and Tesla’s Model 3 rolls off the production line, investors are looking to increase their exposure to copper, betting that the advent of battery-... Full Story

Price recovery sparks domestic Chinese copper, iron ore production boom

07/20/2017 9:08 p.m.

China's dozens of iron ore mining companies produced more in June than any month since October 2015, making the most of higher prices and record-breaking steel output. The country's crude iron... Full Story

Iron ore soars past $70 a tone

07/19/2017 6:55 p.m.

Iron ore continued this week’s sharp rally and is now back above $70 a tonne, a level not seen since April 11. Ore with 62% content in Qingdao climbed 2% to $70.24 a tonne, according t... Full Story

New industrial wave will boost economy

07/19/2017 2:23 a.m.

The nation's next wave of growth will be fueled by new industries such as biotechnology, clean energy and advanced manufacturing, according to a government think thank. The transformation is expected ... Full Story

Beijing eases oversight of some investments overseas

07/19/2017 1:55 a.m.

China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year. "Regulatory... Full Story

Rio’s revised iron ore guidance pushes price to three-month high

07/18/2017 10:26 p.m.

Prices for iron ore skyrocketed Tuesday as Rio Tinto (ASX:LON:RIO), the world’s second largest exporter, warned Tuesday that shipments from Australia were expected at about 330 million tonnes in 2017. ... Full Story

Exclusive: China eyes merger of metals giants Minmetals and China National Gold – sources

07/18/2017 4:34 p.m.

China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run fir... Full Story

Copper price jumps on gangbusters China growth

07/18/2017 2:07 a.m.

Copper futures trading on the Comex market in New York jumped on Monday on renewed optimism about economic strength in top commodity consumer China. Copper for delivery in September jumped to a high of 2.... Full Story

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