China Minmetals Corporation, a State-owned enterprise, completed its sale of a 2.5 billion yuan ($402.3 million) three-year dim sum bond in Hong Kong Friday, which attracted more than 12 billion yuan in orders and saw strong interest from central banks. http://www.globaltimes.cn/content/770298.shtml#.UU9LTiBzbIU
There’s good news and bad news emerging from China when it comes to nickel production, says a mining analyst with a keen interest in Sudbury as (is) booming in China.
http://www.thesudburystar.com/2013/03/21/there-will-be-more-nickel-needed
Russian mining giant, Norilsk Nickel (GMKN.RS), said Wednesday its chief financial officer Dmitry Kostoyev has resigned after four years on the job to pursue other projects.
He will be replaced by Sergei Malyshev, an executive from Energostroiinvest Holding Group, a large contracting firm that specializes in the energy sector, Norilsk said. He had previously worked as finance director at Lukoil-Chemical.
http://www.foxbusiness.com/news/2013/03/20/norilsk-nickel-cfo-dmitry-kostoyev-steps-down/#ixzz2O6vl9s6o
In Southern Mexico, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) has been quietly and steadily building its San Jose Mine, moving it from an exploration project to a growing commercial silver and gold producing mine.
VALE chief executive Murilo Ferreira has forecast China’s iron ore demand will keep rising for the next decade as the nation’s urbanisation continues.
Mr Ferreira said China’s iron ore demand could eventually hit 1 billion tonnes on the back of increased steel production.
A record wave of consolidation in China’s mining industry is creating bigger companies that will have the muscle to compete with the likes of BHP Billiton for overseas acquisitions.
Even after Chinese mining mergers reached US$19.6 billion last year, double the tally for 2011, the government wants to see more.
Easier access to capital and less Chinese competition for assets might make companies including China Minmetals Corp and Aluminium Corp of China more robust overseas buyers, said Deloitte & Touche.
http://www.scmp.com/business/china-business/article/1180401/mergers-set-create-mining-giants
RIO DE JANEIRO, March 10 (Reuters) – Brazilian mining giant Vale SA is likely to cancel a $5.9 billion potash project after failing to gain tax breaks from Argentina, the Folha de S. Paulo newspaper reported on Sunday.
http://www.reuters.com/article/2013/03/10/vale-argentina-riocolorado-idUSL1N0C20NW20130310
Ethiopia is looking to expand and modernise its tantalite industry to meet growing global demand for the metal with two major projects, Metal Bulletin understands.
BHP Billiton (ASX, NYSE: BHP)(LON: BLT), the world’s biggest mining company, confirmed Tuesday it has discovered a significant high-grade nickel deposit, named Venus, which could “reshape the future profitability and direction” of its struggling Nickel West business.
http://www.mining.com/bhp-hits-a-4-billion-nickel-jackpot-37502/
BHP Billiton has cranked up the potential for a $US4 billion ($3.89bn) spin-off of its ailing nickel division by making a big high-grade nickel discovery near its Perseverance mine at Leinster, 375km north of Kalgoorlie in Western Australia.
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