Zijin Mining Group Co. Ltd. has completed its initial feasibility study on a gold-copper mine in Benguet province owned by Far Southeast Gold Resources Inc. (FSGRI).
China’s second largest gold miner is in the process of negotiating a final agreement, it said in a disclosure filed with the Shanghai Stock Exchange.
Listed local miner Lepanto Consolidated Mining [...]
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
The Aluminum Corp. of China said Monday it expects to sign a final agreement on a US$2.2 billion bauxite mine and alumina refinery project in northeastern Australia’s Queensland by the end of March.
The company, the world’s second-biggest aluminum producer after U.S.-based Alcoa Inc., already had acquired “preferred developer” status for the Aurukun bauxite deposit.
Plans call [...]
A consortium led by China’s biggest gold miner, Zijin Mining Group Co., has made a 94.6 million pound, or $185.4 million, offer for British copper miner Monterrico Metals PLC, in what could become China’s first outright takeover of an overseas listed company.
The proposed acquisition, announced earlier this week by Monterrico and Zijin, is the latest [...]
Shares of China Oil and Gas Group (0603) surged as much as 50 percent Friday after it announced it has agreed to buy Vast China Group, which has won approval to invest in, construct and operate a natural gas station in Maanshan, Anhui province.
The company said it agreed to buy the entire stake in Vast [...]
Luoyang Luanchuan Molybdenum Group Inc., one of China’s biggest molybdenum producers, plans a Hong Kong initial public offering in early 2007, company officials said on Thursday.
The state-owned company, located in central China’s Henan Province, plans to list on the Hong Kong Stock Exchange to fund a planned smelter and mine expansion, the officials, speaking on [...]
