Home » Press Releases tagged ‘China Mineral Company

Task Force set up to Examine New Mining Technology to be Implemented in China Mineral Company Mines

July 27, 2010 | Author: | Posted in Precious Metals

CHINA- China Mineral Company (CMC) has started a task force of analysts, industry specialists, and corporate officers to begin to look into some of the tremendous advancements that have been made within the mining industry with regards to technology, and the benefits some of the new equipment could have on a company’s productivity, as well …

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China Mineral Company Not Affected By Chinese Governments Movement To Slow Coal Consumption

July 20, 2010 | Author: | Posted in Coal

CHINA- The Chinese government is set to decrease its coal consumption by well over 50 percent in the next 5 years stated officials from the National Energy Administration (NEA) on Tuesday. The goal for China is to decrease fossil-fuel reliance, and increase non-fossil fuels use, having them provide the country with 11 percent of their …

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China Mineral Company Steps Up Safety Provisions As Zijin Group Faces More Government Scrutiny From Leaked Acids

July 16, 2010 | Author: | Posted in Precious Metals

CHINA- The Chinese police moved in quickly detaining three Zijin Group officials involved with illegally channeling waste water into the nearby Ting River, resulting in the poisoning of an estimated 1,900 metric tons of fish. The river dumps off into a nearby water way near Shanghang, an area inhabited by over half a million people. …

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China Mineral Reports: Copper Declines As China Promises To Impose Restrictions On Real Estate

July 13, 2010 | Author: | Posted in Precious Metals

CHINA- As copper dropped for the second consecutive day based off concerns from the Chinese governments push to rein in real-estate speculation, common construction metals like aluminum and others alike face serious setbacks. Alcoa Inc. reported better-than-expected quarterly results and is set to continue to remain in the black as speculation calms. “I think we …

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China Mineral Company Releases Statement Agreeing To Work Side By Side With Their Miners

July 8, 2010 | Author: | Posted in Coal

CHINA- China’s Premier, Wen Jiabao, ordered that the country’s mining executives are to work side-by-side with their miners in an attempt to raise safety regulations and standard practices. Mr. Wen stated that mining managers should understand the risk of their lower level employees to ensure safety protocols for their workers are met. The China Mineral …

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China Mineral Company Sees Positive Outlook for Gold Prices And Profit Outlook

July 6, 2010 | Author: | Posted in Precious Metals

Hong Kong- China Mineral Company reports that China’s consumption of gold is soaring alongside the price, as the Asian economic superpower and its citizens increasingly turn to the precious metal as a way to diversify their finances. “Gold prices have risen so quickly – 11.6 per cent in the last quarter alone and 84 per …

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Chinalco & Rio Tinto Discussing Mongolia Mining Project, Reports China Mineral Company

March 24, 2010 | Author: | Posted in Banking & Investment

Initial talks about a large copper and gold mine in China began recently between the Aluminum Corp. of China, or Chinalco, and the Anglo-Australian mining company Rio Tinto. The mine would be constructed in Mongolia, reports Tad Brooks of the China Mineral Company. Chinalco director Liu Xiangmin said recently that “Chinese enterprises cooperating overseas in …

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China Mineral Company Reports on Bank of America’s Recent Gold Analysis

March 24, 2010 | Author: | Posted in Banking & Investment

Analysts from the China Mineral Company reported today that Bank of America (BoA) has released a statement on the future of gold demand. BoA analysts predict that China will be a primary driver of gold demand in coming years. Their report cites the opening of the Chinese jewelry market as an encouragement to invest in …

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China Mineral Company Reviews Dynamic Week in Asian Stock Market

March 9, 2010 | Author: | Posted in Banking & Investment

Receiving support from rising oil and precious metal prices, Asian stocks rose despite the fall in Japanese automotive stocks. Analysts from the China Mienral Company provide an analysis of the fluctuating Asian market. BHP Billiton, the world’s biggest mining company, gained 1.2 per cent in Sydney. Newcrest Mining, Australia’s biggest gold producer, increased 1.8 per …

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Gold Reaches Six-Week High, Reports the China Mineral Company

March 9, 2010 | Author: | Posted in Banking & Investment

Bolstered by concerns of rising soverign debt in Europe and the United States, gold reached a six-week high as investors increasingly view the metal as an alternative to currencies. “Gold is going to become the currency of choice as people lose faith in fiat currencies,” reported Tad Brooks of the China Mineral Company, citing Matt …

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Barrick Gold Founder Talks Chinese Gold, Reports the China Mineral Company

February 22, 2010 | Author: | Posted in Banking & Investment

In a recent interview, Peter Munk, founder and chairman of the world’s largest gold miner, Barrick Gold, said that even now he is no “gold bug”, reports the China Mineral Company. A mystical belief in the metal’s value is irrelevant when it quite clearly rises and falls like anything else, he says. “Is there anywhere …

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China Mineral Company Weekly Update: Gold Hits Week High

February 22, 2010 | Author: | Posted in Banking & Investment

Gold prices rose above $1,090 an ounce amid news  that European governments would agree to support heavily indebted Greece. Investors eyed the precious metal as a hedge against currency violations. Tad Brooks of the China Mineral Company cites Bruce Dunn, vice president of trading at New Jersey-based Auramet, reporting that gold was underpinned by the …

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China Mineral Company’s Refusal to Accept Initial Offer

February 15, 2010 | Author: | Posted in Banking & Investment

Consolidation seemed imminent for many mining companies in the Gansu Province. What began as small mining ventures who aimed to tap the regions vast reserves of gold and other precious metals have now caught the eye of larger companies seeking to capitalize on the established market. News sources inside the province state report that the …

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Citigroup Cites China as Most Important Source of Demand for Gold, Reports the China Mineral Company

February 11, 2010 | Author: | Posted in Banking & Investment

Certain drivers of the gold price are long-established: U.S. dollar weakness, rising investment demand, producer de-hedging, and reduced central bank selling. Citigroup Global Markets analyst Alan Heap focuses on a different one: China. The China Mineral Company reports that Heap has labeled China the “most important source” of future demand growth in gold. Not all …

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China Mineral Company Reports: Gold Recovers Recent Losses

February 11, 2010 | Author: | Posted in Banking & Investment

Precious metals recovered on Monday and recouped some of last weeks losses, as investors jumped at the opportunity to by metals at lower prices, reports the China Mineral Company. February gold rose $13.50, or 1.3%, to settle at $1,065.70 an ounce on the Comex division of the New York Mercantile Exchange. Gold’s price is still …

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Spotlight on the Gansu Province, One of China’s Most Abundant Gold Mines

February 9, 2010 | Author: | Posted in Precious Metals

In 2007, geologists discovered roughly 5.2 million ounces of gold in the Gansu Province of China, specifically in the Yangshan deposit. Foreign based mining companies rushed to the scene, and companies such as China Mineral Company and JinShan Gold Minerals made staggering profits as many found that the amount of gold may have exceeded geologist’s …

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Gold Prices Fall Slightly Amid Big Climb

February 4, 2010 | Author: | Posted in Banking & Investment

Gold prices dropped moderately as some investors opted to sell the precious metal after the biggest advance in three months and the dollar resumed its rise against major currencies, reports the China Mineral Company. Gold for immediate delivery fell 0.2 percent to $1,103.35 an ounce at 2:39 p.m. Singapore time, paring yesterday’s 2.3 percent gain, …

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China Gold Output Exceeds 300 Tons

February 4, 2010 | Author: | Posted in Banking & Investment

China’s gold output soared 11.34 percent to a record 313.98 tonnes in 2009, maintaining its No.1 rank as the world’s biggest producer of the precious metal, reports the China Mineral Company.  This was the first time that China’s gold output had climbed above 300 tons, and established a new record in the process. China’s booming …

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