China

Australia has contributed as global coal consumption fell sharply for the second consecutive year in 2016, according to a BP report.

The Queensland department of natural resources and mines (DNRM) has granted the final heritage approval for Carbine Resources’ Mount Morgan gold copper project, southwest of Rockhampton.

Lithium developer Pilbara Minerals has secured an off-take agreement with China’s Jiangxi Ganfeng Lithium for spodumene production from the Pilgangoora project in Western Australia.

The iron ore price has dropped to its lowest mark in almost a month after falling below $US90 a tonne overnight.

Metalicity has secured a joint venture agreement with China Nonferrous Metals Company (CNFC) that will help it advance the Admiral Bay zinc project in Western Australia.

Rio Tinto and Aluminium Corp of China (Chinalco) have reportedly terminated their joint venture set up to explore for copper.

Australia’s liquefied natural gas (LNG) exports surged in 2016 as a plethora of new projects in Western Australia, the Northern Territory and Queensland triggered a flood of new shipments to global markets, a new report from EnergyQuest has found.

Australian Mining attended the opening of Cudeco’s Rocklands copper mine in Queensland.

Fortescue Metal Group’s credit rating has been upgraded by S&P Global Ratings in a sign that the company’s productivity and efficiency initiatives are working.

The number of mining deals in Australia is rising, according to Ernst & Young’s (EY) third quarter global mining and metals M&A activity report.

Both iron ore and steel have surged in China after investors scooped up commodities that were cheapened by a period of losses.

All of the 33 miners trapped underground after a gas explosion in a Chinese coal mine have been found dead following the incident on Monday.

At least 15 people have died and 18 are missing after a gas explosion at a coal mine in south western China yesterday.

Queensland copper producer CuDeco has announced a milestone for its Rocklands Copper Mine, sending its first shipment of sulphide copper concentrate to China.

What does a coal miner’s working roster in China have to do with Australia’s export income and the well-publicised budget deficit? Quite a bit it turns out.

LaserBond has secured a contract to provide technology services for a Chinese minerals processing equipment manufacturer.

China’s Sichuan Tianqi Lithium Industries plans to develop a $400 million lithium plant in Kwinana, Western Australia.

Atlas Copco has consolidated its mining consumables business in the US and its mining equipment operations in China.

This year’s iron ore rally is expected to continue due to the weakening US dollar and supported by Chinese growth, Prestige Economics president Jason Schenker says.

Fears that the Chinese Australian Free Trade Agreement (ChAFTA) will lead to a flood of Chinese workers in Australia are unfounded. The amount that China invests overseas is not linked to the flow of Chinese labour and in fact Australia could stand benefit from the investment the agreement will promote.