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Resource nationalism is biggest risk to miners: report Sun Aug 7, 2011 2:11pm GMT LONDON (Reuters) - Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices to try to restore fragile finances, advisory and accountancy firm Ernst & Young (E&Y) said on Sunday. "Because the mining and metals sector rebounded quickly from the global financial crisis, it became an early target to help restore treasury conditions," the firm said. E&Y said it had identified at least 25 countries in 2010/11 that had increased, or announced...

China The new colonialists Mar 13th 2008 From The Economist print edition China's hunger for natural resources is causing more problems at home than abroad THERE is no exaggerating China's hunger for commodities. The country accounts for about a fifth of the world's population, yet it gobbles up more than half of the world's pork, half of its cement, a third of its steel and over a quarter of its aluminium. It is spending 35 times as much on imports of soya beans and crude oil as it did in 1999, and 23 times as much importing copper—indeed, China has...

Rosen: Our silly little 'addiction' Sometimes you get great life lessons in unexpected places. Kudos to Scott Adams, the cartoonist who writes the Dilbert comic strip. Adams cut through the fog and gave his readers a valuable insight into the real-world international politics and economics of the energy conundrum. In a recent strip, Dilbert readers were treated to the following exchange: Dilbert: I'm thinking about buying a more fuel-efficient car. Dogbert: Why? Dilbert: It's my patriotic duty to reduce this country's dependence on foreign sources of oil. Dogbert: Why? Dilbert: Because then the countries that hate us will have less...

/begin my translationNo Future for China's Resource Wasteful EconomyCho Young-haeng2005.07.04 13:06 41'The current structure of Chinese economy, which requires consuming world's resources at an astonishing speed, will keep Chinese economy from sustaining its growth, reported Hong Kong's South China Morning Post(SCMP) on July 4. The paper pointed out that, despite impressive economic growth of China, its economic model is resource-intensive, wasteful of energy, and destructive to its environment.The recent rate of Chinese consumption of raw materials is startling. China now has 30 million automobiles, and its oil import is the second in the world. This year, its oil consumption rate...