During the first half of 2012, China imported a total of 140 million tonnes of thermal coal which was 66% higher, boosted by an increase in coking coal imports of 175% year-on-year to 43.6 million.
"Mining companies are making it clear the current spike in investment is due to decisions taken a while back, whereas we are getting few new mining mega-projects across the line."
Ample stocks of ore and metal in China, together with overcapacity outside China, means that the nickel market is unlikely to get particularly tight for the foreseeable future.
The criminal has evolved to the point whereby they are no longer “effectively” deterred by conventional security such as alarms, CCTV, grills or by old technologies such as data or micro dots or even security personnel, according to Martin Gill a Professor in criminology. But Mark Churms, managing director of MineSite Security Innovations (MSI) says it is possible to protect an organization physical assets and employees.
Silvermet Inc. (TSX-V: SYI) shares dropped 26% on Thursday after the Toronto-based company announced that operations have been halted due to a strike by unionized personnel at the Waelz kiln facility located in Iskenderun, Turkey.
Vancouver's Pan Global Resources Inc (TSX-V:PGZ) added 20% on Wednesday on higher than usual trading volumes, after announcing it has intersected significant borate mineralisation at its Valjevo licence in Serbia.
Chief executive Tom Albanese says: "We are keeping a close eye on the pace of the US recovery, the continuing Euro-zone crisis and the impact of efforts to stimulate the Chinese economy on the markets that we serve."
A wildcat strike by construction workers at Vale SA's Long Harbour nickel processing plant in Eastern Canada dragged into its fifth day on Monday, with hundreds of union members refusing to enter the job site in protest over wages.