CuDeco signs steel deal for Rocklands

Copper miner CuDeco was moving ahead with the development of its flagship Rocklands project, in Queensland, having recently signed a structural steelwork supply contract with China’s Sinosteel. Under the agreement, Sinosteel would supply 100%...

Kaboko signs over 48% of Zambia production

Zambia-focused Kaboko Mining has signed an offtake agreement with Chinese major Sinosteel for a minimum of 48% of its proposed manganese production from its manganese projects. The offtake price would be based on diversified miner BHP...

Will China replicate in Africa Australia-type 2007-2010 resources M&A?

A replication of the Chinese resources acquisitiveness that took place in Australia from 2007 to 2010 will repeat itself in Africa over the next two to three years, says China-focused advisory firm Beijing Axis founder and MD Kobus van der Wath,...

Cudeco signs deal for Rocklands processing plant, shares advance

Shares in copper hopeful Cudeco jumped 12% on Tuesday on news that it had signed a supply contract for the processing plant components of its A$200-million Rocklands copper project, in Queensland. Cudeco entered into a contract with Sinosteel to...

Chinese miners active globally to feed economic growth at home

In its recently released report on the state of the global mining industry – ‘Mine – Back to the Boom’ – PriceWaterhouseCoopers (PwC) reported that, in 2009, the Chinese had been in the forefront of mining mergers and acquisitions (M&A)...

Chinese miners active globally to feed economic growth at home

China continues to need for natural resources to feed its economic growth, which remains essential because the country is still, on a per capita basis, very poor. The country has many minerals & metals resources of its own, but many are...

Brockman refutes claims new tax will affect Sinosteel deal

Iron-ore junior Brockman Resources on Monday refuted media reports that Australia’s proposed super profits tax had impacted on its relationship with China’s Sinosteel and the development of the Marillana iron-ore project. The company said a...

Brockman in trading halt pending Sinosteel announcement

ASX-listed emerging iron-ore producer Brockman Resources has requested a trading halt on Friday, in response to market speculation regarding its arrangements with China’s Sinosteel. The company would restart trading once an announcement...

SA a preferred destination for Chinese mining investment

IN terms of number of projects, South Africa currently ranks second equal among African countries regarding Chinese investment in mining. There are five mining projects in this country with greater or lesser degrees of Chinese investment.

Chinese keen to invest in Zimbabwe gold, platinum mining

A Chinese business delegation that visited Zimbabwe late last month said companies from the Asian giant were keen to invest in the Southern African country's gold- and platinum-mining sector.

Samacor Chrome to sell Tubatse and Tweefontein to Chinese

South African ferrochrome producer Samancor Chrome disclosed on Monday that it would sell a 50% holding in two of its existing operations, Tubatse Ferrochrome smelter and Tweefontein Mine, to Chinese State-owned Sinosteel, for R1,7-billion.