China Will Be World’s Largest Energy Consumer in 20 Years: IEA
China, the world's second-largest economy, will consume more energy than India, Brazil, even bigger than the European Union and the United States combined, the International Energy Agency (IEA) said in its World Energy Outlook report published early this month.
Australia Urged to Diversify, Must Not Be Reliant on Chinese Demand
The savvy investor who knows how to play his cards well will opt to maintain a diversified portfolio rather than just focus on one commodity or equity to ensure steady and long-term capital gains.The same is being advised to Australia, most especially now that China's super-power status seems to be not so super powerful at all, with cracks seen anew in its latest property market report.
India Urged to Continue Nuclear Power Plans
India, one of the world's emerging economies on Monday, has been advised by the International Energy Agency (IEA) to re-open its nuclear power plans to address its energy crisis.
Kenya, the Next Gold Frontier?
East African country Kenya recently intensified its prospects in known gold fields in Western Kenya in a bid to take part in the escalating global pandemonium for the supposed soothing psychological effects of gold among investors.
Weakening Global Iron Ore Production Stirs World Prices Anew
With China's property market suffering a decline, analysts speculate the world is heading for a severe recession as a weakening global steel production will pressure prices of iron ore to further go down, pulling along with it prices of other commodities.
Global Oil Prices on the Uptrend, Closing in on US$100/Barrel Mark
As developed nations scramble trying to resolve respective fiscal problems, worldwide prices of crude oil continue its ascent as the winter requirements peak that could eventually trigger global domestic prices of gasoline and diesel to spike as well.
China, India Scramble for Afghan Mines
War-torn Afghanistan may have yet to create a concrete and definitive framework to be able to attract more foreign investments, but regional investors interested in its mining treasure remain undeterred even as the country still remotely sees the end of its inner problems.
Platinum Seen To Grow By 5.8%/Year to 2020, Prices to Hit $2,000 Before End of 2012
Global demand for platinum, the yellow metal's alter ego in terms of value, will increase 5.8 per cent annually from 2010 to 2020, mining corporate finance company Allan Hochreiter partner René Hochreiter said.
Female Workers in Australia’s Mining Industry? Why Not!
In this age of technological innovation and advancement, e-commerce and rapid urbanisation, almost everything is possible and achievable. In business, companies can create a product and make consumers want it, in the same way that consumers can create a need for a product and make business actually produce it.
Cheaper Gas From Central Asia Better for China: Mackenzie
China, the world's second-largest economy, would be better off scouting and buying gas imports from Central Asia, primarily Turkmenistan, to meet near-term demand.
SA Resources Minister Annoyed by Greens' Tactics on Olympic Dam Bill
If the minority party in the South Australia Parliament continues its political delaying tactics, much more will be lost for the coffers of the state government, a possibly irked Resources Minister Martin Ferguson said on Thursday.
Gold Buying Reaches All Time High in India
Despite Asian prices of gold declining on Thursday, Indian investors continue to believe in the psychological stabilizing effect of the yellow metal as gold buying grew 8 per cent to register an all-time high of 81.73 billion rupees, according to the Association of Mutual Funds in India (AMFI).
Alternative Economic Drivers Wanted for Australia, Mining Boom Has Reached Zenith: Study
Not all good things last. Or perhaps, some good things HAD to last.Australia may already need to create alternative options if it wants to secure the momentum of its economic growth in years to come after a new research indicated the country has saturated the economic benefits of its mining boom.
Asian Gold Prices Down
As fresh concerns rose over the massive fiscal crisis that continue to cripple the eurozone particularly Italy and Greece, investors on Thursday went to a market frenzy as most cashed their investments prompting Asian gold prices to go down.
Commodities Summary – Copper, Gold Down; Oil Slightly Higher
Prices in the commodities market plummeted on Thursday led by gold and copper as investor confidence tumbled on discouraging news of China's exports reaching its slowest in eight months, Greece's debt problems, Italy's mounting borrowing costs and concerns of a spread out of the eurozone problem.
World Demand for Oil Seen to Peak Before 2020: Report
Triggered by a number of regulatory policies promoting energy efficiency, coupled with new technology, biofuel use and increasing concern for climate change, the world's demand for oil may peak before 2020, new research suggests.
Spot LNG Freight Rates up in October
October freight rates for spot liquefied natural gas (LNG) vessels increased to $112,000 from $42,000 year-on-year.
Asian Oil Prices Fall Below $97 a Barrel
Oil prices in Asia fell below $97 a barrel on Wednesday buoyed on China's retreating inflation rate.
20,000 Workers Needed in WA Mining Sector; Tasmanian Locals Eyed To Fill Gap
With the mining boom in Western Australia seen to sustain the overall economic growth of the country into the next century, mining companies are in a frenzy to hunt for thousands of workers to fill the parallel increasing workforce gap.
Indonesian Coal Miner ABM Investama Pushes IPO in December
Indonesian Coal Miner ABM Investama will push through in December its planned initial public offering (IPO) despite recent market instability caused by weakening global demand for raw material coking coal.
Queensland Coal Corp. To Render IPO Early 2012 – Report
Withstanding difficult coal market conditions and low interest from industry peers, Australian coal miner Queensland Coal Corporation will enter into an initial public offering early next year.
Mining Group Acquires 80% of Philippines’ Comval Project
Newly listed Australian gold base metals and uranium miner Mining Group Limited announced it has bought an 80 per cent interest in the Philippines' Comval Project, effectively expanding its gold and base metal tenement overseas.
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Mirabela Nickel, Alumina
Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia-based miners Mirabela Nickel Ltd. and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina output.
China’s Zijin Allots $1.6 billion on Gold, Copper Deals
Prompted by global concerns pulling down valuations, Zijin Mining Group Co. of China has allotted some Yu10 billion (US$1.6 billion) to acquire deals targeting gold, copper and other metals that are in short supply in China.
Queensland Business, Most Taxed in Australia at $7B Annually
The proverbial red tape prevalent in most governments has largely affected small businesses in Queensland, which have been thumped $7 billion in taxes, fees and other charges annually.
Copper Prices Rise on Political Changes in Greece
Prices of copper crept up on Tuesday as investor confidence rallied on Greece forming a new government that will push the necessary bailout package needed to control a looming default.
Parliament Starts Debate on BHP Olympic Dam Indenture Bill
BHP Billiton's indenture arrangement bill, a prerequisite to start the expansion plans of its $30 billion Olympic Dam copper and uranium mine project, has received ample backing from the Liberal MPs, guaranteeing its likely passage before Christmas.
Will Thrifty Chinese Kill the Commodities Boom?
The Chinese are known for being thrifty in business. They hate high prices. And this temperament may overwhelm the boom in most commodities, as is the case now in the prices of copper and rare earth metals.
China Will Survive Turmoil in Eurozone, Global Fiscal Crisis: Analysts
China, the world's second-largest economy, will weather out the fiscal turmoil hitting the eurozone and will eventually survive the global financial meltdown.
China Urged To Implement Stricter Air Monitoring Standards
A group of Chinese media and public intellectuals on Sunday called on the China federal government to modify the present standards used in monitoring Beijing's air pollution.