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Global Mining News in real time

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion. Africa has become the site of almost 75% of Chinese foreign mining investment. The... 

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion.  

Long-term iron-ore outlook positive, Kumba asserts

By: Natasha Odendaal The outlook for global iron-ore demand was likely to improve over the medium- to long-term, Anglo American’s Kumba Iron Ore CEO Chris Griffith said on Thursday. Global demand for iron-ore would remain dependent on steel manufacturing in China, which accounted for more than two-thirds of demand,... 

Kumba dismisses ‘developmental’ steel price thesis, government unmoved

By: Terence Creamer South African miner Kumba Iron Ore states that 14 000 new jobs could be created through the doubling of current output of the steelmaking material and the further development of three mining hubs to supply the domestic and export markets – the miner, which is 74% held by Anglo American currently... 

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