The Press Release Resource

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

Asian stocks also edged up as hunger for risk stayed high as the year end approached, said China Mineral Company.

Tad Brooks of China Mineral Company recently discussed the gold market bubble and the appropriate price level for the bullion.

Gold miners led the main board’s gains after U.S. gold futures for December delivery hit a record high of $1,153.40 Wednesday.

Tad Brooks of China Mineral Company attributes Gold’s record breaking run to low U.S. borrowing costs.

The drop in the dollar is spurring gold investments across the globe, reports the China Mineral Company.

China, the worlds number one gold producer, will not be able to meet demand levels, predicts Tad Brooks.

“We might not see gold below $900 again,” predicted Tad Brooks, a senior analyst at China Mineral Company.

The China Mineral Company is please to report that gold prices rose again, bolstered by expectations that U.S. interest rates will stay low for the near future.

International demand may push gold prices beyond $1,500 an ounce, reports Tad Brooks and the China Mineral Company.

Gold prices break another record as the dollar slumps and investors remain concerned about further inflation.

China needs to foster further growth, says Tad Brooks of the China Mineral Company.

There seems little doubt that China’s economic strength can lead to it dominating gold price movement for the foreseeable future.