Mining giant Rio Tinto and China's State-owned Minmetals have signed a contract for a 50-50 joint venture to explore mineral deposits in China, which analyst called a win-win situation as it would enable both sides to maximize their individual advantages in exploring, developing and sales and marketing.

A thermal spring rich in the rare gas helium has been identified in Tibet Autonomous Region, and has the potential to be exploited, the Science and Technology Daily reported Thursday.

China National Offshore Oil Corp (CNOOC) will next week auction one or two cargoes of liquefied natural gas (LNG) for delivery later in the year on the Shanghai Petroleum and Gas Exchange, the state-controlled company's first such deal.

Low-grade iron ore that has fallen out of favor with many of China's steelmakers is still in demand as mills keep buying the cheaper product, according to a junior Australian supplier.

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