BRIEF: Zhihui Mining soars in Hong Kong trading debut
Shares of mining company Xizang Zhihui Mining Co. Ltd. (2546.HK) opened 139.5% higher in their Hong Kong trading debut on Friday, then pared some of those gains to close at…
BRIEF: Cidi stumbles in Hong Kong trading debut
Shares of autonomous mining truck maker Cidi Inc. (3881.HK) opened flat in their Hong Kong trading debut on Friday, then edged down to close 8.4% below their offer price at HK$260 by…
BRIEF: CMOC to buy four Brazilian gold mines from Equinox for $1 billion
CMOC Group Ltd. (3993.HK) said on Monday it will pay $1 billion for three gold mining assets in Brazil from Canada’s Equinox Gold Corp. (EQX.TO), as it diversifies beyond its…
Business diversification may backfire on Lingong as it seeks Hong Kong IPO
The mining equipment maker is looking to go public amid optimism around Chinese stocks and a commodities upturn, but its exposure to China’s troubled real estate market is a red…
BRIEF: Breton, Rixin in deal for autonomous driving in mining
Construction machinery maker Breton Technology Co. Ltd. (1333.HK) said on Monday it recently entered into a two-year strategic cooperation agreement involving autonomous mining trucks with Fujian Rixin Machinery Leasing. Under their agreement,…
Chifeng Gold chases new glitter in rare earths
The company currently gets 90% of its revenue from gold, but is expanding into copper and rare earths to tap anticipated future demand Key Takeaways: Chifeng Gold’s profit surged 141%…
Gold’s bull market lifts Zhaojin to more shiny earnings
The miner reported impressive profit growth in the third quarter, benefiting from U.S. dollar weakness and a 17% surge for gold in the three-month period Key Takeaways: Zhaojin Mining’s profit…
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