Chinese miner, Prosperity Minerals (PMHL.L), announced on Monday a US$25 million investment in Malaysian iron ore mines. After the completion of the transaction, the ...
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Imports from Malaysia will probably expand to 10 million tons next year, says Wan Ling, the Beijing-based assistant chief representative in China for CRU, a researcher. “We understand that the bauxite mining companies in Malaysia used to do iron ore mining, but prices are not good, so they’ve switched to bauxite,” Wan said by phone today.Get Detail
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However, with respect to China’s imports of iron ore and copper, Sub-Saharan Africa is still a relatively small (but growing) contributor. China has shown a growing interest in the mining belt of central southern Africa, comprising Zambia, Tanzania, and Mozambique. This area is well endowed with copper, iron, gold, manganese, and other base metals.Get Detail
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