Short news minerals
December 6, 2012 Category Automotive Metals & Minerals, Short news minerals
- China National Nuclear Corp will speed up overseas uranium mining exploration, focusing on Australia, Africa and Central Asia, to meet growing demand. China imported 16,126 metric tons of uranium in 2011, down 6% from the previous year, according to the General Administration of Customs. Around 95% of China’s uranium imports are from Kazakhstan, Namibia, Australia and Uzbekistan. China is expected to have 40 million kilowatts of installed nuclear capacity by 2015, which would consume at least 7,500 tons of natural uranium annually.
- Global iron ore prices will decline in the long-term due to China’s economic slowdown and its struggling steel industry, insiders said. “Traders expect a declining iron ore market,” said Dong Chaobin, President of the China Beijing International Mining Exchange. Since its launch on May 8, the trading platform has handled 42 transactions involving 5.29 million metric tons of the raw material, with a total value of USD660 million. The exchange has received 191 applications to join the platform, 148 from domestic companies and 43 from abroad.
- Citic Pacific says its much-delayed iron ore mining project in Western Australia has started producing small quantities of iron ore at its first production line. After a fine-tuning of the plant, shipments will start early next year. The second production line is expected to come on stream in May, followed by the third to the sixth production lines in 2014.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world