CHINA MINING 2015 opened under the new normal development
Source: www.mlr.gov.cn Citation: www.enorth.com.cn/ Date: October 21, 2015
CHINA MINING 2015, jointly hosted by the Ministry of Land and Resources, Tianjin Municipal People`s Government and China Mining Association, was held at Tianjin Meijiang Convention Center on October 21, 2015. Under the theme of “New Normal，New Opportunities，New Development”, the convention discussed a series of topics, such as the sustainable development of mining industry, the global mineral exploration situation, mining and capital markets, green mining, mineral resources, and comprehensive utilization of the mineral resources. More than 8,000 people from 55 countries and regions attended the event, and most of them were government officials, experts and scholars, representatives of mining enterprises and financial institutions. The mining ministers forum, geological survey directors forum, mining development summit forum and other 34 sub-forums and country (region) mining investment projects shows were held during the same period.
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| Under the theme of “New Normal，New Opportunities，New Development”, the convention seized the national strategy of “One Belt and One Road” and pursued transformation and upgrading in this mining winter. |
At present, demand and investment is declining in the international mining market, while market volatility and downward pressure continue to increase. Faced with complex environment, the mining enterprises should accelerate economic restructuring, adjust management, and continue to learn new technology, so as to achieve full upgrade in the adversity of the mining development.
Shandong Zhaojin Group, has participated in the CHINA MINING for 11 years, witnessing all the changes of the Chinese mining industry from the start to the development to the new normal. "Since 2013, the gold price in the entire international market was sharply reduced, and the profit margin was compressed. The gold enterprises were in the preservation of the edge during that hard period. For the enterprises, that situation was not only an opportunity but also a threat. The result of the market selection proved that “the one who persists wins”. Faced with that situation, we made a number of adjustments. On one hand, we made modest expansion in investment and compressed infrastructure investment to ensure good capital operation; on the other hand, we reduced financing costs in capital markets to ensure the overall steady development of enterprises. As to the management, we accelerated the transformation of technology, management, product and business model, increasing cost control efforts." Said Xue Dongfeng, the director of the party`s office in Shandong Zhaoyuan Group Co., Ltd..
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| In the case of the global downturn in gold, mining companies began to seek transformation and upgrading. |
In the case of the downturn in global gold market, the Chinese gold group optimized the technology, sales, costs and other aspects to reduce the cost and increase the efficiency. “The ‘One Belt and One Road’ area boost two of the six gold mines and gold consumption accounted for 70%, in that way, the national ‘One Belt and One Road’ strategy is a golden opportunity for Chinese mining industry. We are confident in the gold market, and we will seize the opportunity to accelerate the transformation.” claimed Mr. Song Xin, the general manager and secretary of CP committee of China Gold Group.
Coal enterprises pay more attention to the green recycling economy
The construction of green mine was an important starting point for the healthy and sustainable development of mining industry, and environmental protection was not only the enterprise`s social responsibility but also the development direction of the mining enterprises. The reporter of the North network observed that various exhibitors regarded cyclic development as their bright spot. The Datong Coal Mine Group Co. has established a circular economy park, realizing the recycling of all the materials in the processes of mining, production and processing.
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| More than 8,000 government officials, experts and scholars, representatives of mining enterprises and financial institutions from 55 countries and regions attended the event. Exhibiting companies exceeds 600. |
"The waste of the last production part can turn into the raw materials of the next part. Our circular economy park currently possess `two mines, ten plants, a road and 13 projects, forming a cycle from the point to the line and then to the surface, a comprehensive three-dimensional development of circular economy." said Zhao Lishu, the propaganda department minister from the Datong Coal Mine Group Co..
Chinese gold group focused more on the development process of the green and ecological restoration in mineral development process. Mr. Zhao said "There were 30 mines in whole industry, and 45% were green mines. So we should strive to do a good job of the plants restoration and ecological protection."
Strengthen international cooperation to achieve win-win situation
In mining conference exhibition site, governments and enterprises from 55 countries and regions found cooperation opportunities and platform. Australian government groups have participated in the mining conference for ten times, for that they want to use this platform to promote Australia`s rich mineral resources, attracting the mining industry of China and other countries to invest.
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| Enterprises and the governments obtain cooperation opportunities through the event. |
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| Experts and scholars from various countries learn from each other. |
"The development of the Australian economy depends heavily on the development and the sales of mines, and new resources cannot be found unless we continue to explore. Australia was a vast, sparsely populated area, rich in mineral resources, but poor in technical and human resources. Therefore, we aimed at finding partners through this platform to joint explore and discover. China and Australia enjoyed a relatively good exchange in economic, political and other aspects. The cooperation in the mining industry can strengthen economic and trade development. In addition, Australia can provide the mineral resources that were needed in China`s urbanization process, in this way such a cooperation can achieve win-win." said Dr James Johnson, the CEO of Australia`s geological survey. He also claimed that they had worked with many Chinese enterprises before, but this time they want to attract some mining enterprises with technology and ability, looking for new opportunities for cooperation.
For the international market, 40% of projects of China Minmetals Corporation were in foreign countries. "Minmetals, developed and produced in China Minmetals Corporation, involve almost all kinds of metal. Over the years, we cooperated with the other countries and businesses to fulfill the responsibility of the state-owned enterprises. We have international share of resources, provide a strong guarantee for the development of China, and expand the impact at home and abroad. During the conference, we discussed cooperation with a great many of enterprises at home and abroad, looking forward to the development of mining industry." said a stuff from China Minmetals Corp.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20th-23rd, 2015. We invite you to join the event and to celebrate the 17th anniversary of CHINA MINING with us. For more information about CHINA MINING 2015, please visit: m.balanzskin.com.
