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Corporate negligence

coord-sx — Mon, 19 Jul 2010 13:47:20 +0000

Zijin Mining Group Co, which was found releasing pollutants into a local river that killed thousands of tons of fish and rendered its waters unsafe for human consumption, has been ordered to suspend operations. Some of its ... Read More

Zijin copper plant springs another leak

coord-sx — Mon, 19 Jul 2010 13:41:53 +0000

A copper plant at the center of a river pollution scandal sprang a new leak on Friday, which was quickly capped to avoid further damaging the river, the company said on Saturday. Staff on duty at Zijinshan Copper Mine ... Read More

Premier Wen reassures foreign investors

coord-sx — Mon, 19 Jul 2010 13:39:48 +0000

Premier Wen Jiabao reassured foreign business leaders on Saturday that China’s investment climate was stable and said Beijing would not block the export of rare metals needed to manufacture computers and mobile ... Read More

China Mulls More Space for Loan-Resource Exchange Overseas

coord-sx — Thu, 15 Jul 2010 13:31:02 +0000

China is considering policies to provide loans to the mineral-rich countries in exchange for resources. China, a nation that has the world’s largest foreign exchange reserve, is considering providing more loans to ... Read More

African Minerals firms up $1.5 bln investment deal with Shandong

coord-sx — Wed, 14 Jul 2010 13:37:03 +0000

Shandong Iron & Steel Group on Tuesday said it will pay $1.5 billion for a 25 percent stake in African Minerals’ iron ore project in Sierra Leone to bolster raw material supplies. London-listed African Minerals ... Read More

Mining leak pollutes river

coord-sx — Tue, 13 Jul 2010 13:19:34 +0000

The country’s largest gold producer was blamed Monday for a wastewater leak that has contaminated a major river in eastern Fujian Province, and the incident is shedding light on the fragility of China’s ... Read More

Zijin’s copper mine sewage contaminates river

coord-sx — Mon, 12 Jul 2010 13:16:38 +0000

A sewage leakage from a copper mine has contaminated a local river in China’s Fujian province, causing mass deaths of fish, environmental authorities confirmed on Monday. An initial investigation has found the ... Read More

Mine Bosses Required to Work with Miners Underground

coord-sx — Fri, 09 Jul 2010 13:21:43 +0000

Leaders of coal mines and non-coal mines will be required to take turns to work with miners underground. The decision came from the State Council’s executive meeting chaired by Premier Wen Jiabao on July 7, according ... Read More

Chinalco eyes stake in mine in Mongolia

admin — Thu, 08 Jul 2010 22:57:24 +0000

Aluminum Corp of China is considering buying a stake in the Oyu Tolgoi copper and gold mine in Mongolia, touted as the world’s largest undeveloped mine deposit, according to a regulatory filing. China’s biggest ... Read More

Green norms for overseas investment soon

admin — Thu, 08 Jul 2010 22:50:50 +0000

The government will soon come out with environmental protection guidelines for domestic companies planning overseas investments, ministry officials said on Thursday. According to experts, the guidelines will enhance the ... Read More