China’s top aluminum producer Chinalco, parent of Chalco, said Friday it hasn’t decided how to participate in 15.2 billion U.S. dollars of share placement by Rio Tinto since its capital injection deal with the latter broke up.
According to a media report quoting Lu Youqing, the company’s vice general manager, as saying that Chinalco has [...]

China is offering a 9 percent value-added tax rebate on exports of several high-end steel products, the Ministry of Finance said on Monday, in what analysts saw as the latest move to support domestic steel mills.
The country, the world’s biggest steel maker, will refund the tax on flat-rolled steel products and hot-rolled ferro-alloy products [...]

Aluminum Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion U.S. dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminum maker.
Chinalco Chairman Xiong Weiping said the company is "very disappointed" at [...]

Chinese coal producer Yanzhou Coal Mining Co., Ltd. has settled 2009 domestic contracts for 7.84 million tons at an average benchmark price of 506.62 yuan per ton, the company announced Friday.
But no previous-year data was provided for comparison.
Besides, Yuzhou Coal has also signed 4.29-million-ton coal contracts for power generation at 463.86 yuan per [...]

Coal mines in Shandong and Henan provinces signed Thursday power coal supply contracts with five major electricity-generation groups, under which the contractual coal price for this year went up four percent on year.
This means the half-year long deadlock between coal and electricity producers has been unlocked, and contractual coal price increase is out of [...]

China’s top aluminum producer Chinalco, parent of Chalco, said Friday it hasn’t decided how to participate in 15.2 billion U.S. dollars of share placement by Rio Tinto since its capital injection deal with the latter broke up.
According to a media report quoting Lu Youqing, the company’s vice general manager, as saying that Chinalco has [...]

Iron ore rate cut ‘plan’ in the bagImported iron ore being
unloaded at a dock in Zhejiang province. Zhang Heping
China’s steel industry had a new plan for talks with overseas suppliers on iron ore prices, a senior industry official was reported as saying, but insiders were split on the possible outcome of the ongoing negotiations.
Luo [...]