China infrastructure push to boost zinc imports, support prices

China is likely to boost imports of zinc in the fourth quarter of the year after Beijing said it would speed up infrastructure investment, market players said, helping support prices for the base metal. Zinc is set to reap the benefits of a push...

$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Africa a major target of China’s resource ‘acquisitiveness’

A number of recent ventures and agreements between China and Africa-based resource companies have positioned the continent as a key destination for meeting China’s resource acquisitiveness, market research firm Frontier Advisory research and...

Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Global furnace group boasts numerous projects

Local furnace supplier Tenova Pyromet is undertaking the design and supply of components for two ferrochrome furnaces for use at the Xstrata-Merafe Lion ferrochrome complex, in Limpopo.

Local partnership supplies components for largest calcium carbide furnaces

A partnership between engineering consultancy Hatch and furnace component engineering and production company Thos Begbie & Company will form an integral part of a China-based project to build the largest calcium carbide furnaces in the world.

Private-sector participation in rail, port capacity expansion vital – TFR

The participation of industry in State-owned Transnet Freight Rail’s (TFR’s) seven-year, R300-billion rail and port capacity expansion programme will be a critical determinant of its success, TFR commodities and key accounts GM Divyesh Kalan...

Novelis posts loss; sees demand rising

Novelis, the US unit of India's largest aluminum producer Hindalco Industries, posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum rolled products in Asia, driven...

China's top aluminium province idles plants as demand slows

China's top aluminium-producing province has idled about 700 000 t of capacity in recent months, a senior industry official said, further evidence that slower growth in the world's No. 2 economy is denting the country's appetite for commodities....

China Shenhua says plans to buy assets from controlling shareholder

China Shenhua Energy Co Ltd, the country's largest coal producer, said it plans to acquire assets from its controlling shareholder including equity interests in or assets of China Shenhua Coal Liquefaction and Chemical Co Ltd and Shaanxi Shenyan...

Hanlong takeover of Sundance delayed to mid-November

The takeover of Sundance Resources by China’s Hanlong Mining has been delayed to November, the Australia-listed iron-ore developer, which owns the Mbalam project in West Africa, said on Thursday. Sundance said the companies had revised their...

Company Announcement: Sundance Resources and Hanlong agree to updated scheme of arrangement

Sundance Resources Limited is pleased to advise that it has signed a revised Scheme Implementation Agreement with Hanlong Mining Limited based on a simplified timetable aimed at ensuring completion in November 2012.