China wealth fund said to join fray for $2bn Rio Tinto portfolio

Having trouble viewing this email?  View online China News Digest Wednesday 14 February 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America China wealth fund said to join fray for $2bn Rio Tinto portfolio The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines. read » Copper steadies, iron ore price climbs on blockbuster Chinese imports Chinese traders chase copper concentrate and iron ore cargoes lifting January import volumes 25% and 19% over already record-breaking 2017. read » Vedanta hit by iron ore mining halt in Goa Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa. read » Copper price plunges to 8-week low "Keep an eye on what we call China's old economy – the property market, the infrastructure segment. That's where we expect a slowdown sometime this year." read » Rio Tinto pays biggest divvy in history as profit hits three-year high Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls "resilient" commodity prices. read » Gold price: 9 straight years of record annual mine production New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China. read » Wood Mackenzie cuts iron ore price outlook as markets fall again The UK-based research and consultancy group has dropped its price forecast to $63 a tonne or 12% below last year's average of $71 per tonne. read » Caterpillar beats estimates again, delivers bullish outlook for 2018 The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018. read » These four factors will boost gold demand in 2018 — WGC Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said. read » China imported a record amount of iron ore in 2017 Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017. read » China will crack down on illegal coal mining in 2018: safety watchdog Coal mines that fail to meet safety measures or operational standards will be ordered to close and rectify violations, the State Administration of Work Safety said. read » Asia Gold-Price dip perks up demand ahead of festive, wedding seasons Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar. read » China's love affair with gold heating up on property riches The nation's demand for gold jewelry climbed 10 pct last year to almost 700 metric tons as wealthy increased purchases and consumption improved. read » Summing up 5 key predictions for global markets in 2018 The following graphic discusses key themes of the year such as central bank policy, European unity, China, cryptocurrencies, and emerging markets. read » Palladium rally may mean auto catalytic converter price hikes coming Increased automotive industry demand and a supply shortage boosted the price of palladium to an all-time high of $1,138.00 on Jan 15 read » Chinese consumers are willing to buy diamond jewelry next year more often than Americans – research ALROSA and GfK research company conducted an extensive research of diamond consumers in the US and China. What they discovered was interesting. read » Zimbabwe to take over steelmaker's $500 million debt Zimbabwe plans to take on about $500 million of debt owed by state-owned steelmaker Zimbabwe Iron and Steel Company to allow company revival. read » Rags to riches tale ends in disaster for 'mini-Glencore' Elman, 77, has watched another global commodity-trading powerhouse collapse before his eyes over the past year: his own. read » China demand and tight supplies set to sustain nickel price rally LME nickel breaks through $14,000 per tonne. read » Read more China news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com China News Digest". You mayunsubscribe at any time. The information contained in “China News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “China News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.