China Mineral Company

Amidst the disaster resulting from a massive mudslide and flooding throughout the Gansu Province, China Mineral Company has pledged to help local residents and business affected by the natural disaster.

The China Mineral Company has begun to explore several advancements in mining technology as a way to remain a leading producer of silver and gold in the competitive market in China, and looks to begin to use these new technologies beginning in 2011.

The National Energy Administration announced that China is likely to drop its coal consumption by 63 percent by 2015. China looks to lead by example in cutting carbon emissions as the worldwide push to become more green increases.

The repercussions for improper safety concerns for China’s largest gold producer continue, as three plant managers for Zijin Mining were detained after acid leaks poisoned local rivers, sending their stock plummeting.

As Copper dropped in value for the second day in a row as the Chinese government states that it will begin to enforce real estate curbs more heavily destabilizing metal supplies and causing concerns throughout markets.

The China Mineral Company has agreed to terms stipulated by China’s Premier, Wen Jiabao, and will demonstrate as they always have, that they stand with their miners and are always concerned with safety.

Greg Kelly of China Mineral Company reports that the recent surge in consumption of gold in China will not only help to raise the price of gold but is set to soon surpass India as the world’s largest buyer and seller of gold.

Bruce Frominger, Middle East consultant to China Mineral Company says the Afghan Mineral discovery will do little to affect the rising commodities pricing, even in the long term.

China Mineral Company now holds 80 sq. miles of most highly prospective area in Gansu Provence

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.