CHINA MINING News

Following objective laws for transformation & development of resource-based cities

Following objective laws for transformation & development of resource-based cities

The CHINA MINING 2015 witnessed the sub-forum of “Resource-based Cities: Transformation and Sustainable Development” successfully co- hosted by China Mining Association and China Geo-philosophy Committee and organized by Mining City Committee of China Mining Association.

The sub-forum was presided by Mr. Meng Xianlai, Chairman of China Geo-Philosophy Committee. Mr. Zhu Xun, Secretary–General of the 8th Session of the CPPCC National Committee, Former Minister of Geology and Mineral Resources of China, Director, Senior Advisor Committee of China Mining Association attended the sub-forum and gave his remark.

Mr. Zhu Xun pointed out that, since the first “Resource-oriented Cities’ Transforming and Sustainable Development” forum hosted in Ping Dingshan City, Henan province 18 years ago, it has become consensus for national mining cities to push forward mining cities transform, avoid the problem of “ cities desolate once without mineral resources” and accomplish sustainable development. Currently, we have accumulated rich experience. It was of great importance for mining cities to follow the law of step-developing.

Prof. Lei Yalin, Secretary -General, Mining City Working Committee of China Mining Association, Deputy President of China University of Geo-sciences(Beijing), described the challenges and opportunities brought about in the development of mining cities both at home and abroad. In accordance with the proportion and distributing area of mining cities in China, state favorable policies for mining industry, long-term mechanism and existing problems, she gave a deep analysis and introduced successful cases of Ruhr Region in Germany, Lorraine Region in France, Kitakyushu in Japan and Huston in America. She believed that proactive actions served as the base, the principle of in line with local conditions the key, green transform the core and better balance the guarantee for the transforming development of China’s mining cities.

Mr. Lei Xinhua, Secretary-General of China Geo-Philosophy Committee and professor of China (Beijing) Geology University considered that transforming the developing manner was a must for mining cities which was an unchangeable law. The development of mining cities shall base on the future and look for sustainable industries to cultivate all-round developing of the city. He suggested that mining cities conduct transforming development under the guidance of step-developing law and make developing plan in accordance with the policies and local conditions. (Liu Xiaohui / Yang Qiuling)

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 20^th-23^rd, 2015. We invite you to join the event and to celebrate the 17^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2015, please visit: m.balanzskin.com.

Forging ahead together with countries along the Belt and Road

Forging ahead together with countries along the Belt and Road

Mr. Jiang Daming, Minister of Land and Resources, PRC, addressed at CHINA MINING Congress and Expo 2015, said that “China has proactively advocated the construction of Silk Road economic belt and 21st century Marine Silk Road, established the Silk Road Fund and cooperatively built up the Asia Infrastructure Investment Bank to carry out investment and trade cooperation and Connectivity construction together with countries and regions along the Belt and the Road.”

Currently, at a matter of fact, China has already conducted collaborative geological research and investigation with the countries and regions along the Belt and the Road, compiling and publishing the Mapping of Groundwater Resources and Environmental Geology in Asia to serve the Connectivity construction of local infrastructure and the construction of economic corridor.

On the CHINA MINING Congress and Expo 2015, a special theme symposium on geological cooperation of countries along the Belt and the Road was hosted by China Geological Survey. The heads of national geological survey and departments related to mineral resources from 11 countries attended the symposium and introduced opportunities for mining investment and geological cooperation. These 11 countries included Cambodia, Laos, Myanmar, Thailand, Kyrgyzstan, Tajikistan, Iran, Pakistan, Turkey, Inner Mongolia, and Vietnam.

At the same time, experts and heads from Technology and Foreign Affairs Department of China Geological Survey, Chengdu Geological Survey Center and Xi’an Geological Survey Center have described the current situation of Belt and Road Initiative and the prospect of the future.

Mr. Yan Guangsheng, director of Development and Research Center of China Geological Survey, presided the forum and said that, “the construction of Belt and Road Initiative shows the grand economic wish of opening up and cooperation among the related countries, which requires that all jointly forge ahead toward the goal of mutual benefit and common safety, reaching the connectivity of the region.”

Receiving support from UNESCO

Mr. Wu Zhenhan, director of Dept of Sci-Tech and Foreign Affairs in China Geological Survey, indicated that China Geological Survey has established bilateral relationships with more than 50 countries and signed cooperation agreements with 16 countries along the Belt and Road region with the cooperation fields covering geological mapping, evaluation of mineral resources, hydrogeology, global climate change, geology at South Pole and the moon prospecting.”

It was said that, to facilitate international cooperation and with the support of UNESCO, China Geological Survey established the International karst Research Center at Guilin, Guangxi Province, crowned by UNESCO and relying the Karst Research Institute. Currently, an Global Geochemistry Research Center is underway relying on the Institute of Geophysics and Geochemistry in Langfang, Hebei province, which will be the second Class Research Center of UNESCO for China Geological Survey.

Except for these two research centers, depended on Geological Institute of Chinese Academy of Geological Science, Beijing SHRIMP Center, as the first batch of National Science & Technology Infrastructure, has become the international U-Pb research center.

The State Key Laboratory of Continental Tectonics and Dynamics, supported by Geological Institute of Chinese Academy of Geological Science, welcomes geologists from different countries and regions to China to conduct geological research and cooperation, evolving into an international research center of continental tectonics and dynamics.

Through international cooperation to enhance Earth science development

China Geological Survey has also broadened the regional geological survey, geophysical prospecting and chemistry mapping; through bilateral and multi-lateral cooperation, China Geological Survey conducted cooperative research on orogeny, deep geological process, mineralization, global geological changes, underground water cycle, geological disasters and carbon-recycle in Karst areas; China Geological Survey has also organized the construction of geological information system, the comprehensive utilization of mineral resources, geo-park designing management and academic symposiums.

China Geological Survey has taken part in the International Deep Prospecting Plan, financed the prospecting project for China Continental Science and supplied the prospecting samples freely to global geologists.

China together with America, Germany and Canada carried out the deep geophysics prospecting throughout the Qinghai-Tibet Plateau and Himalaya, which become the prominent INDEPTH Plan in international Earth science circle.

What’s more, China Geological Survey has cooperated with Zimbabwe Geological Survey to proceed geochemistry mapping, discovering an valuable golden deposit.

The introduction of Nine Programs of China Geological Survey brings opportunities for international cooperation

It was said by Mr. Wu Zhenhan that China Geological Survey would introduce Nine Programs from 2016 to 2020, which would bring important opportunities for international geological cooperation, especially for countries along the Belt and Road.

It was said that three projects would be implemented along the Belt and Road, covering the Comparison Research Project of Mineralization Belt of Adjacent Countries, the Project of Global Geochemistry and Remote Sensor Investigation and Information Integration and Services Project o Geological Mineral Resources.

In order to push forward the international cooperation within countries and regions along the Belt and Road, China Geological Survey will exert more efforts in constructing and running the international and regional geological survey centers, enlarging scholars and post doctoral personnel communications depending on international organizations (such as Shanghai Cooperation Organization, research centers of UNESCO, IUGS and CCOP) and important conferences(such as CHINA-ASEAN Exposition and CHINA MINING Congress and Expo).

Mr. Wu Zhenhan also signified that “ we will continue to increase the training of professions, management personnel and technicians along the Belt and Road areas. Currently, we are proactively exploring the building of Collaborative Laboratories with counties along the Belt and Road areas to collectively cultivate graduates.”

To Constantly enhance regional cooperation and communication in geological field.

Southeast Asia serves as an important part of the 21^st century Marine Silk Road. On the forum, Doctor Lin Fangcheng from Chengdu Geological Survey of China Geological Center gave a report on cooperation status quo and outlook on China-Southeast countries’ geological cooperation.

It was introduced that China has made profound cooperation in various fields with ASEAN countries, mining field being one of the important fields. Currently, Ministry of Land and Resources has signed and Cooperation MOU with the Ministry of Industry and Energy Resources of Cambodia, and China Geological Survey has also signed cooperation agreements and MOU with its counterparts in Laos, Vietnam, Thailand and Indonesia.

Mr. Lin Fangcheng expressed that the signing of these agreements provided an important guarantee to carry out cooperation. In accordance with these cooperation agreements, China Geological Survey has carried the geochemistry mapping in the north Laos with Laos, made a survey in Sumatra with Indonesia and conducted Karst geological research and mapping cooperation with Thailand.

It was said that China Geological Survey advocated the construction of China-ASEAN Geological Cooperation Research Center in the 2015 China-ASEAN Mining Industry Cooperation Forum, which aimed to build three cooperative platforms, namely Geological Information Collection and Sharing Platform, Geological Research and Geological Cooperative Investigation Platform and the Academic Exchange and Talents Training Platform.

Mr. Li Wenyuan from Xi’an Geological Survey center introduced the geological cooperation and outlook with members of Shanghai Cooperation Organization. It was said that China has established China Shanghai Cooperation Organization Geological Research Center of Ministry of Land and Resources depending on Xi’an Geological Survey of China Geological Survey.

He thought that, known as the global strategic energies and resources base of 21^st century, Silk Road Economic Belt boasted vast territorial areas and abundant mineral resources and energy resources. Cooperation between relative countries were of great importance and the building of Silk Road Economic Belt would inject impetus into Shanghai Cooperation Organization. China Geological Survey treasured the Earth science cooperation with members of Shanghai Cooperation Organization with frequent communication and high-level and scientific personnel exchanges.

Mr. Yao Huazhou, director of Wuhan Geological Survey Center of China Geological Survey has also given a report on geological cooperation and current condition of Marine Silk Road. He reported that” since 2005 till now, China has conducted 26 projects, some of which are assisting projects from Ministry of Commerce and international cooperation projects from Ministry of Science and Technology, covering the evaluation of mineral resources, geological research and the evaluation of mining prospecting. (Zhang Li)

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BOC International calls on common community of mining development

BOC International calls on common community of mining development

The global economy still remained at the complex processes of readjusting and re-balancing with the overall situation in conserved recovery trend while different economies in splitting tracks. Against such background, to deal with the periodic economic fluctuation and competition, it was a must for global mining enterprises to reduce the production capacity and expenditure, to accelerate assets reset and main business transform and to better input-output ratio so as to ease benefits pressure and increase production and competitiveness, laying a foundation for the next round of economic change. At the same time, with the moderate growth rate of China’s economy, the putting forward of Belt and Road Initiative has blazed new developing space for mining development of China and the countries along the Belt and Road areas.

On the forum of CHINA MINING Congress and Expo 2015, Madam Li Tong, CEO of BOC International Holdings Limited, pointed out that the implementation of Belt and Road Initiative would push forward the opening and emerging of Asia-Pacific region as well as the new round of reform and opening-up of China, and would also ensure sustained increasing of cross-border commerce between enterprises of China and the countries along the Belt and Road areas, facilitating the demands of cross-border resources allocation, investing and financing, information dealing, risks management and encouraging mechanism. The above changes would launch new requirements for financial reform within the area and blaze new opportunities for profound development of the finance with the region.

In Li Tong’s opinions, the launching of Belt and Road Initiative offered a strategic platform for the collaborative development of mining enterprises of different regions. A Common Community of Regional Mining Development should be built up along the Belt and Road influenced areas so as to form an complete industrial chain of mining industry cooperation. She also called on that we should build a regional negotiation organization so as to make overall arrangements in terms of mining industry production, trade and investment policies within the region to speed up the distribution of production factors of mining industry, increase the efficiency of mining resources allocation, maintain the economic benefits of mining industry and the whole within the region, giving birth to an international mining industry market within this region which can impact the pricing of international mining industry and the setting of trade principles so as to build a justice and reasonable international economic, trade, investment and financial order.

As the major platform for BOC to carry out bank investment business, BOC International has long been focused on mining industry development and industry integration with China and beyond and tried its best to become a global and integrated financial platform which can provided necessary capital support for mining enterprises. BOC International has assisted the launching of IPO in Hong Kong for China National Offshore Oil Corporation, China Gold International Resources Corp. Ltd., HNG, Xinjiang Xinxin Mining Industry Co., Ltd., Lingbao Gold Co., Ltd., Canada Sunshine Oil Sands, UC RUSAL, and CAA Resources Malaysia. BOC International has also accomplished some mile-stone projects in mining industry market. For example, as the financing assistant, BOC China helped China Minmetals Co., Ltd purchased the Las Bambas cooper mining project, and as the arrangement bank, BOC International helped JinChuan Group Co., Ltd purchase an listed corporation and reset the Metorex.

BOC International leads the Chinese financial circle in field of global commodity. Currently, BOC International has been authorized the accounting memberships by London Metal Exchange, Europe Intercontinental Exchange, Chicago Board of Trade, New York Mercantile Exchange and New York Metal Exchange. In 2015, BOC International along with Bloomberg News published the “BOC International Oil Index”, the first Chinese financial institute to publish the international bench mark. BOC International has also accomplished the first RMB pledge transaction in London Metal Exchange since London Metal Exchange started this business. (Li Ping)

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New normal ignites new opportunities

New normal ignites new opportunities

---At keynote session of CHINA MINING Congress and Expo 2015

Right after the opening ceremony of CHINA MINING Congress and Exp 2015 on October 21^st, 2015, Mr. Peng Qiming, chief engineer of Ministry of Land and Resources, presided the keynote session of CHINA MINING 2015. Four industry leaders and economists gave their speeches on “New Normal, New Opportunities, New Development”. They shared their ideas on the current situations and trend of global economy and mining development.

Mr. Peng Qiming considered that these ideas had great meanings for global mining industry to recognize the developing trend of global economy and mining industry, to be confident for the future and to facilitate the sound development of global mining.

“It would take longer time than expected for the price of mineral products to be within reasonable range.”

Analyzing the global mining industry situation, Mr. Si Xinbo, deputy general manager of Silk Road Fund pointed that “with global economy undergoing deep adjustment, mining fields now face the challenges of weak demand, financial barrier and mere benefits. The traditional drive pales while the emerging impetus is still preparing. Changes and challenges are still existing in supply and demand structure, industry chain and trade and investment environments.”

Mr. Chen Jinghe, chairman of Zijin Mining Group Co., Ltd, argued that it was unrealistic and impossible to count on China’s growth pushing forward the increase of global mining industry. It was also impossible to hope that current mining condition can be improved like that in 2008 and 2009, in that the whole consumption demand had touched the ceiling. It was said by him that the benefits of mining industry has been dropped since 2012 with the first eight months of 2015 dropping 57%. While a majority of mining companies still increased their production capacity. Therefore, in the next 3 to 5 years, the prices of mineral products will fluctuate at the current and price and some certain minerals may touch the bottom prices.

He believed that “It would take longer time than expected for the price of mineral products to be within reasonable range.” The weak demand severely impacted the mining industry. For example, the growing manner transformed from extensive growth to innovation-driven growth; the economy grew depending on the tertiary industry instead of the second industry and dragged by consumption instead of investment; the real estate market had enormous impact on China’s economy and metal materials; the demand of mineral products grew slowly while the huge production capacity formed during the prosperous period of mining industry still released; the gloom expectation of the markets led to the price slumps of commodity; issues of mining industry, mining mountains, mining personnel and mining cities reappeared; over production capacity disappeared and the production sharply dropped.

He pointed that “ China’s mining industry has congenital disadvantages and it’s our first priority to keep our mining industry alive.” He put forward that we should control the cost, reform and adjust the management system formed during the prosperous period of China’s mining. The related administration, financial and taxation departments shall sound the reform measures to help the mining companies overcome the difficulties.

“New Normal Ignites big opportunities, and mining enterprises shall bravely go globally”

Grave as the current situation was, there were still more positive factors.

“New Normal Ignites big opportunities”. Mr. Chen Jinghe listed 5 evidences to support himself. Firstly, China will maintain an moderate-high growth rate. A growth rage of 5% still sounded good. Secondly, the rising of emerging markets along the Belt and Road area, in India and in counties lying in Southwest Asia have an huge need for mineral materials, especially when these countries are pushing forward industrialization.

Thirdly, the recovery of western counties like the United States of America needs mineral resources to support. Fourthly, the costs of many mining products are at the level of cash expenses with some even higher than the integrated cost. What’s more, there are more and more capital investment and construction investment in mine prospecting. Therefore, there is mere dropping space for mineral products. Fifthly, with the ever growing of emerges and acquisitions between mining companies, China will play an most active role in the global mining market.

Mr. Si Xinbo, deputy general manager of Silk Road Fund, also expressed similar opinions. He thought that severe market situation brought heavy downward pressure for mining industries, yet it also offered more needs and chances for emerges and acquisitions. He introduced that it was also an general manner for giant international mining enterprises to adopt emerge and acquisition for capital structure optimizing, operation quality improving and running risks reducing. Statistics showed that there were 23 emerges and acquisitions in the first quarter of 2015 with the total value of 2.93 billion dollars and 35 in the second quarter valuing 6.5 billion dollars, two times more than that of first quarter. In order to lose economy downward pressure and improve the competitiveness of the mining industry, some countries revised the Constitution, readjusted the taxation regulations and quickened the government review to better the mining investment environment, picturing a new trend of loose mining supervising, all of which created new opportunities and space for the optimizing of resources distribution and investment cooperation in the mining industry field.

“Chinese mining enterprises boast their own advantages. Firstly, they boast advanced innovation, applications and cost-controlling in terms of advanced mining prospecting technologies. Secondly, they rank top globally in the developing and utilizing the low-grade resources which are also difficulty in separating. Thirdly, they enjoy their own features in prospecting the small-sized complex deposit.” Mr. Chen Jinghe said, “Some excellent mining enterprises are capable of international competition. Even though there are few successful cases, we have learned lessons. We shall not over criticize the pioneers. Currently, China’s mining industry lacks of talents with global operation experience. We should cultivate our talents in such regard in the process of actual mining practices”.

Mr. Li Shanquan, Vice President & Senior Manager, Oppenheimer Funds, pointed out that Chinese mining enterprises boasts advantages in capital, technologies and management with strong government support and at the same time, the upgrading of China’s international status also offers favor conditions for Chinese enterprises going globally.

“The Belt and Road Initiative’ sheds light for Chinese enterprises going globally”

Mr. Li Shanquan put forward five advises for Chinese enterprises to go globally. Firstly, we shall establish or buy the global mining industry data base for scientific decision depends on information. Secondly, we should track the information of the listed mining enterprises based on the global mining industry date base. Thirdly, qualified enterprises shall build up their own technique teams to specifically follow intriguing mining projects of certain countries and regions. Fourthly, Chinese enterprises should try to buy some shares of the listed enterprises if interested so as to know more about the project. Fifthly, Chinese enterprises shall learn to cooperate and establish joint-venture companies.

Mr. Li Shanquan believed that Chinese enterprises shall learn to cooperate and establish joint venture companies so as to control the resources instead of controlling the listed mining enterprises. He also thought that private or mixed ownership enterprises are more popular overseas the state owned enterprises because of certain reasons.

Mr. Chen Jinghe considered that ‘Belt and Road Initiative’ shed light and provided a favorable policy environment for Chinese mining enterprises going globally. The government shall offer more financial and policies support for global-going mining enterprises. In addition, Chinese mining enterprises should also learn from excellent international counterparts, pay attention to the sound development of mining circle and avoid zero-sum competition. Chen Jinghe Said, “ against current market background, it would be a grave failure if China missed the opportunity to cultivate world-renown multi-nation mining group.” He also forecast that, with the RMB being put into international monetary system, Chinese capital will finally enter the global market and yield tangible fruits.

Madam Anita Marangoly Geogre, Senior Director, Energy & Extractives of the World Bank Group, said that mining industry is of enormous importance for sustainable development as 30% of GDP are coming from mining industry in some mineral countries. During the gloom period of global mining industry, we should strengthen reform and lower cost through innovation, integrated utilization and recycle utilization to ensure sustainable development and do good to the local natives. She promised that World Bank will play an assistant role in helping Chinese enterprises go globally. (Cheng Xujuan)

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Keynote session of CHINA MINING 2015 launched

Keynote session of CHINA MINING 2015 launched

---Looking for new track of mining development under new normal

Right after the opening ceremony of CHINA MINING Congress and Expo 2015 on October 21, 2015, Mr. Peng Qiming, chief engineer of Ministry of Land and Resources, presided the keynote session of 2015 CHINA MINING with industry leaders and economists giving their speeches on “New Normal, New Opportunities, New Development”. They shared and discussed their ideas on the current situations and trend of global economy and mining development.

Mr. Si Xinbo, Deputy General Manager of Silk Road Fund and former deputy president of National Development Bank Qinghai Branch, indicated that against the gloom period of mining development, mining fields was facing many challenges and difficulties for the global economy undergoing deep adjustment. History shows that there is a close link between global economic situation on the one hand and the distribution areas and utilization of mineral resources on the other. Conversely, the development of global economy also exerted significant impact on the up-and-down of mining industry. He figured that global mining industry has boasted several protruding features. First of all, there is an continual gloom in mining industry without any sign of re-rising. Next, the global mining industry and prospecting industry have enlarged from the conventional mining giants to some resource-abundant developing countries. Then, the higher level of environment protection standards and social responsibility has increased the cost and technological pressure for mining investment and cooperation. Finally, along with the gloom of mining industry, the supervising of mining industry has appeared loosing, which has encouraged more and more international emerges and acquisitions.

Mr. Li Shanquan, Vice President & Senior Manager of Oppenheimer Funds, expressed his opinions on Chinese enterprises going globally from the perspectives of the special features of mining industry and investment, challenges and opportunities of Chinese enterprises going globally and relevant suggestions for Chinese enterprises going global. He remarked that mining industry boasted the long-term features, typical of the long-term project, the long period of investment and the long-term of the industry itself, which was attributed to the restricted feature of resources. What’s more, there were no special characteristics of mining enterprises.

Therefore, it was hard for mining enterprises to compete in terms of innovation except for resources quality and management levels. Lots of enterprises were emerged for rich resources without scale-benefit. In addition, the special feature of mining industry also could be found at the pricing procedure. The prices was not set by a single producer or user in that they must accept the price set by the global market.

Mr. Chen Jinghe, chairman of Zijin Mining Group Co., Ltd, argued that, currently, mining industry was lingering with the gloom period with no one knowing how long will this period last. In his opinions, China’s development was growing at a low speed while the industrialization has basically entered the ending phrase and the tertiary industry was to play a major role in China’s development, all of which were not so well for the mining industry. China’s mining industry boasted congenital disadvantages with small mining scale, low mineral grade, tougher prospecting difficulties, and less commercialized. Even some big enterprises were not as powerful as they seemed. Therefore, under new normal, China’s mining industry must keep alive firstly and then seek for development. It also should control the cost, reform and adjust the industry system. (Liu Xiaohui)

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Important to boast more reason

Important to boast more reason

---Upon the opening of CHINA MINING 2015

The annual CHINA MINING Congress and Expo dawned upon Tianjin. Nearly three years of waiting accelerated the eagerness for the re-prospering of global mining with mixed anticipation pouring on. It was intriguing that China’ mining industry was about to soar, while it was also worrying that the gloom period of global mining would linger for a while.

Based on the latest Global Mining Review and Prospect, researched by experts of information center of Ministry of Land and Resources, China mining market expressed a signal of re-blooming in that, firstly, China remained world biggest mining market, secondly, production of various minerals experienced slight increase except for cement and sheet glass, and thirdly, small improvements were made in mineral trade. This research signified that, with mineral commodity supplying still more than demand, mining market boasted a new feature for new energy materials represented by Lithium were in growing demand.

But, experts at Development and Research of China Geological Survey warned that “the current situation of global mining will last for another 2 or 3 years until a real recovery occurs.”

The current gloom season of China’s mining might not be so suffering on condition that the current season kept the industry, the government and the society more sober and reasonable, which would facilitate the transforming of China’s mining from a big industry to a powerful industry.

China’s mining industry has experienced two times of up-and-down period. Great support as the mining industry offered to national economy during the two rising period, the unreasonable soaring in these two period still required deep thought.

The time of 1980s witnessed the prosperity of China’s mining industry with state owned enterprises, collective owned enterprises and private enterprises flooding into the industry, resulting in more three hundred thousand of mines. The environment was devastatingly damaged. The turmoil condition severely hindered the development of China’s mining industry.

At the mid of first 10 years of 21^st century after the gloom period of mining industry, China’s mining industry entered its second peak season with the promotion of industrialization and urbanization. Capital of various resources poured on the running for mines through different channels and platform, which increased the mining industry speculation. Within the territorial land of the Government of Xinjiang Uygur Autonomous Region of China, some merchants even carried lots of cash to find new mineral mountains. Generally, capital investment would do good to the mining industry, yet those capital were for mining speculation. Some investors gained the rights of mining at extremely low prices while resold the rights at much higher prices, usually 10 to 100 times of the original prices.

Taking lessons from the two times of up-and-down of China’s mining industry, we could conclude that recent three years of gloom season seemed to be an reduce of these years’ mining industry speculation. If we can draw lessons from the past and be more reasonable, we would boast a bright prospect for China’s mining industry.

It was of great urgency for the government to lead the mining industry onto a right track. For example, even though several reserves to protect the environment were set by the government, these reserves also need overall plan and arrangements by the government.

The general public shall boast a new prospective to treat the mining developing. In terms of the relationship between mining developing and environment protection, most of people still regard this as an zero-sum game, considering that protecting environment goes against mining development. Actually, with the recent years’ green mining construction by Ministry of National Land and Resources, there were cropping up many win-win casts of environment-protecting and mine-developing, some of which even became into tourist sites.

For mining industry, reason seems more important. Besides realizing the periodic fluctuation of mining industry, we shall put our industry at the overall atmosphere of the society and conduct reasonable consideration. The journalist estimated that the last round of bloom in China’s mining industry was all gone. Even if there are up-and-downs in mining industry, it is impossible to return to the low level of the past. So, if we want to be prosperous in mining industry, we shall strengthen ourselves in terms of management and technologies so as to improve our capacity. Facing global market, we shall follow the heel of economic globalization, actively readjust the developing strategies and courageously take part in global mining cooperation. In society term, we shall should the responsibility of society and devote to protecting environment and building communities.

Reason ensures the harmony of society.

Reason enables the mining industry to be blessed with a better future. (Yu Fude)

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Adapting to new normal, grasping new opportunities, achieving new development

Adapting to new normal, grasping new opportunities, achieving new development

---Congratulation to the opening of CHINA MINING 2015

October 21^st, 2015 witnessed the grand opening ceremony of CHINA MING Congress and Expo 2015, one of the most prominent mining events, at Tianjin, a beautiful coastal city in north China. This session of CHINA MINING called for all from mining industry globally to adapt to the trend, to collectively discuss, construct and share with each other, and to build global mining community of identical destiny, which was also the message that China wanted to send to the world. The theme of “New Normal, New Opportunities, New Development” expressed the general realization of current mining condition from China’s point of view, embodying China’s strong confidence in the recovering of mining industry.

Currently, mining industry faced severe developing conditions with growing market fluctuation, weak demand and increasing down-ward pressure. What’s more, just as the analysis given by experts of this CHINA MINING Congress and Expo, with the periodic adjustment of world economy, global mining was also entering the new-round of periodic fluctuation, in which this condition would linger for some spell. It ought to be seen that the support of economic foundation for mining development was still existing and stable demand for mineral resources remained a must for re-industrialization and upgrading of manufacturing of developed economies and industrialization and urbanization for emerging economies. China, as the world’s second largest economy with a stable growth rate, still functioned as the power house to speed up the world economy.

Opportunities always follow upon the heel of threat. A new-round of industrial revolution is upon dawning, high-tech industries and strategic sections develop at a fast speed, and the new economic growth peaks are coming into being fast, all of which increases the demand for mineral resources and blazes new space for mining development; The repaid progress in global cooperation on productivity capacity widened the fields of infrastructure, equipment manufacturing, and major projects, offering new opportunities for mining cooperation manner and building global mining industrial chain; technological innovations being accelerated, new technologies were introduced into mining industry, such as big data, automation, the Internet and remote sensor and inspection, injecting new impetus in mining advance; to deal with global climate change serves as a common goal for the global and to build resource-saving and environment-friendly society requires for updated geological information, which explores new area for geological works.

China serves as an active participant and promoter of economic globalization as well as the global mining cooperation. Especially, China has put forward the Belt and Road Initiative, established the Silk Road Fund, invested the Asia Infrastructure Investment Bank and carried out investment cooperation and Connectivity construction with relevant countries, which will inject internal impetus for world economy recovery, especially for global mining industry recovery. China, currently, is trying its best to playing corresponding role in global mining development, offering opportunities for global mining.

“The reasonable changes with the time, while the wise puts up methods in accordance with facts.”Fitting in New Normal, grasping New Opportunities, and achieving New Development require that we not only make decisions on conditions, but also find the potential, opportunities and cooperation space of the mining industry in the future from the current gloom period. We shall integrate wisdom and courage to conquer difficulties. As long as we stick together, we are bound to forge ahead through gloom period and embrace the prosperity of the future. (Commentator from "China Land and Resources News")

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Mr. Wang Min met with senior director of energy & extractives of the World Bank Group

Mr. Wang Min met with senior director of energy & extractives of the World Bank Group

On the afternoon of October 21, 2015, Mr. Wang Min, Vice Minister of Land and Resources, PRC, met with the Hon. Madam Anita Marangoly Geogre, Senior Director, Energy & Extractives of the World Bank Group at CHINA MINING Congress and Expo 2015 in Tianjin. The two sides reached a consensus on strengthening cooperation in geology and mineral fields. Heads from relevant departments and units directly under Ministry of Land and Resources of China attended the meeting. (Photo: Hou Yijun, Edit: Xu Xiaojing)

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