News

Venture exploration capital market is hot in Tianjin

Source: www.mlr.gov.cn   Citation: www.mlr.gov.cn  Date: Oct.22, 2014

On October 21^st at the CHINA MINNING Congress and Expo 2014, Tianjin International Mining Exchange celebrated the signing ceremony of a multilayered risk prospect capital market, namely the international mining financing market. Tianjin Era Geological Exploration Co., Ltd, as the first IPO company in senior section, has initiated the work of issuing transaction on the platform of stock exchange by cooperating with its partner, Citic Mining Co., Ltd.

Eleven prospect enterprises, like Jinguangyuan Ming Co., Ltd of the Inner Mongolia Autonomous Region, submitted the listing applications and information disclosure documents, and signed the Listing Agreement with the exchange at the signing ceremony, becoming one of the first companies to be listed at the primary section of risk prospect capital market.

In addition, Huitong The World, Century Iron Ore Holdings Inc. and Minex Mongolia signed entrustment and cooperation agreements with Tianjin International Mining Exchange respectively.

Wang Jionghui, Board Chairman of the Tianjin International Mining Exchange, said that the ultimate goal of his company was to create a socially responsible and comprehensive global mining service platform by setting up an internationalized venture exploration capital market and optimizing the resource allocation through market pricing. The exchange will open up convenient financing channels for venture exploration enterprises, offer investment channels for investors and provide an innovative service platform of mining financing for the main body of the risk prospect capital market. (reported by Li Weifeng and Wang Shaoyong) （translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

Coping with the global mining slow-down through innovation

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: Oct.22, 2014

On the morning of October 21^st, after the Opening Ceremony of CHINA MINING Congress and Expo 2014, Zhong Ziran, Director of China Geological Survey hosted a keynote session under the theme of “Sustainable Development through Innovation”. Economists both home and abroad pointed out that currently the world mining is facing difficulties such as the ongoing sluggish economic growth, excess capacity and delicate recovery of global economy. So there is a great need to enhance medium and long term infrastructure building, improve labor productivity relying on the burgeoning industries and achieve sustainable development through innovation.

It is reported that about 21% of global energies and more than 40% of major mineral resources like iron, copper and aluminum are consumed by China at present, and China’s mining situation, therefore, bears great influence on global mining development, and China mining is closely associated with China’s economy. Mr. Xiang Songzuo, Chief Economist of Agricultural Bank of China, indicated that although China’s economy growth is slowing down, it still has tremendous space for development, and China’s new normal medium and slow growth is relatively speaking rapid growth compared with western countries’. The slowing down of China’s economy is not derived from macro-policy adjustment, but the major reason is low labor productivity instead of macro-policies such as credit and loan. He pointed out that there is an urgent need for China to take the path of innovation as China’s unit consumption of resources and energies is five to six times that of Japan. China is promoting restructuring of excess capacity industries, and banking is squeezing credit of excess capacity industries. Adjustment should be conducted in mining in accordance with policies, so that resources can be flowed to emerging industries.

Mr.Tom Butler, Manager of Mining & Global Infrastructure, International Finance Corporation (IFC), offered his suggestions about mining investment from an international perspective, stating that as the stimulus package declines on a global scale, growth of various economies slows down and major mineral product market is increasingly sluggish, large-scale multinational mineral enterprises are reducing long-term investment and prospecting activities, which provides the possibility for middle and small-sized businesses to seize the opportunities to gain benefits in the future economic recovery. To obtain the goal, mineral enterprises should strengthen co-construction with local governments for their investment, share the infrastructures, improve the transparency of mutual policies and enhance mutual trust. 

Gold and petroleum are not only influenced by global politics, economy and financial factors, but bear influence on the latter to a certain extent, and therefore with an impact on the global mining situation. After analyzing the relationship between precious metals, energy and international economy and politics, Mr. Bud Conrad, Chief Economist of Casey Research of America pointed out that world gold reserves are flowing from west to east, and Asia is “de-dollarizing”, and currency system based on oil-dollar is being attacked, and US dollar’s dominating position in foreign exchange reserves is declining, from which a series of changes have arisen, which should call for the high concern in global economy and mining industry.

(reported by Qiao Siwei) （translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

China’s geological survey made great progress and achievements

Source: www.mlr.gov.cn   Citation: www.gtzyb.com   Date: Oct.22, 2014

From the Progress and Achievements in Geological Survey forum held during the CHINAMIING, the reporter has learned that in recent years, especially since 2014, China has made progress in geological survey and basic geological survey. Prospecting has been gained during the mining resources strategic exploration.

In 2014, we have finished 1:50,000 regional surveys in 220,000 km², totally 3,050,000 square kilometers in the whole nation, 32% of the land territory. In the mean time, progress has been made in 1:250,000 regional surveys, 1:50,000 aeromagnetic surveys, 1:250,000 regional gravity surveys and 1:250,000 regional geochemical explorations and continuously filling in the gaps. The national basic geological data architecture built by China Geological Survey has included 470 small-scale maps, 3,292 medium-scale maps and 5,320 large-scale maps.

In the strategic actions of the prospecting breakout, basic geological work has taken a supporting and leading role. China has systematically finished the comprehensive research on the basic geological survey of the 20 national important metallogenic belts and found out the geology background of the mineralization. We have also confirmed the direction of further prospecting, guided the deployment of prospecting work and found a lot of mines and prospecting information.

Specifically, 3D geological survey pilot projects have made efficient progress, sorted out our 3D geological survey thoughts and established the general working process. Also, we have summarized the technology combining method of 3D geological survey in different areas and geological conditions and compiled preliminary technology guidelines. Besides, we have preliminarily established 3D geological models for every pilot regions and progress has been made in significant deep geological research.

In the aspect of the strategic exploration of the mining resources, in recent years, the important mining resources research has been deployed, surrounding the important Metamucil belts, equipped exploration regions and prospecting areas. Also, surrounding the deep mines and outside intensive mines, prospecting work near the old mines is deployed. The level of mining survey has been promoted obviously. In 2013, China has finished 1:50,000 mining research in 70,000 km². The working level of the important metallogenic belts and 78 equipped exploration regions has been increased to 56.7% and 90.9%. Significant oil and gas resources have been found in Yin’e, Tuquan, Qaidam and Qilan basins. Shale gas resource favorable targets have been found in Sichuan, Hunan, Guizhou and other areas. The strategic exploration has found a batch of large deposits, promoted the progress of prospecting through increasing the degree of mining research, creating prospecting theories and technology methods and formed Duolong copper mine, Guizhou Daotuo manganese ore, Qinghai Xiarihamu nickel and other super mines. The prospecting of old mines has also found new resources. From 2012 to 2014, 168 projects of old mines prospecting have been implemented, 9 of which has reached the scale of large mines and 27 of which has reached the scale of medium mines. (reported by Wang Shaoyong) (translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

Mr. Wang Min met with minister of industry and mines of Mali

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: Oct.22, 2014

(Photo by Yang Xinhao and edited by Yang Zhen)

On Oct. 22nd, 2014, during CHINA MINING Congress and Expo 2014, Mr. Wang Min, Deputy Minister of Ministry of Land and Resources of PRC, met The Hon. Mr. Boubou CISSE, Minister of Ministry of Industry and Mines of Mali, and his staff in Tianjin. The two sides had a friendly conversation. （translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com

Mr. Wang Min met with minister of mines and mining development of Zimbabwe

Source: www.mlr.gov.cn   Citation: www.mlr.gov.cn  Date: Oct.22, 2014

(Photo  by Zhao Xinhao, Edited by Yang Zheng)

On October 22nd, 2014, during the CHINA MINING Congress and Expo 2014, Deputy Minister Mr. Wang Min met with The Hon. Mr. Walter. K Chidakwa, Minister of the Ministry of Mines and Mining Development of Zimbabwe, and they had a friendly conversation.（translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

“Mining Development Forum”of CHINA MINING Congress and Expo 2014 held in Tianjin

Source: www.mlr.gov.cn   Citation: www.mlr.gov.cn   Date: Oct. 22, 2014

(Photo by Ye Xingmao, Edited by Xu Xiaojing)

On Oct. 22nd, 2014, “Mining Development Forum” of CHINIAMINING Congress and Expo 2014 was held in Tianjin. Mining directors and senior executives from home and abroad discussed the opportunities and the future development strategy for the global mining industry. The picture shows that Mr. Zhong Ziran, Director of China Geological Survey, was chairing the forum.

(Photo by Ye Xingmao, Edited by Xu Xiaojing)

On Oct. 22nd, 2014, Mining Development Forum of CHINIAMINING Congress and Expo 2014 was held in Tianjin. Mining directors and senior executives from home and abroad discussed the opportunities and the future development strategy for the global mining industry. The picture shows the scene of the forum. With a long-term vision, senior executives from 11 Chinese and foreign mining industry companies analyzed the development trend of the China’s and the world’s mining industry, explored the enterprises’ development strategy and patterns in this new situation and shared their precious experience in order to promote sustainable development of the enterprises. (translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

“Mining Ministers Forum” of CHINA MINING 2014 held in Tianjin

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: Oct.22, 2014

(Photo by Ye Xingmao and edited by Yang Zheng)

In the morning of Oct 22nd, 2014, “Mining Ministers Forum” of CHINA MINING Congress and Expo 2014 was held in Tianjin. Mining ministers and vice ministers from home and abroad discussed the global mining development opportunities and future development strategies. In the picture, Mr. Wang Min, Deputy Minister of Ministry of Land and Resources of PRC, was chairing the forum.

(photo by Ye Xingmao and edited by Yang Zheng)

On the morning of Oct 22nd, 2014, International Mining Ministers Forum of CHINA MINING Congress and Expo 2014 was held in Tianjin. Mining ministers and vice ministers from home and abroad discussed the global mining development opportunities and future development strategies. The picture is the scene of the forum. （translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.

“Sustainable Development through Innovation” is the theme of CHINA MINING Congress and Expo 2014

Source: www.mlr.gov.cn  Citation: www.xinhuanet.com  Date: Oct.22, 2014

CHINA MINING Congress and Expo 2014 opened in Tianjin on October 21st with more than 7000 officials, scholars and business representatives from more than 50 countries and regions in the world participating in the forum and exhibition. 

This conference is jointly hosted by Ministry of Land and Resources, Tianjin Municipal Government and China Mining Association under the theme of “Sustainable Development through Innovation”, aimed at enhancing international mining  cooperation and promoting mineral transformation and sustained development by strengthening mineral innovation-driven development capability.

At the Opening Ceremony, Mr. Jiang Daming, Minister of Ministry of Land and Resources and Chairman of the Organizing Committee of CHINA MINING Congress and Expo 2014, said that mineral resources are very important material foundation of the economic and social development and are the blood and food of industry. In a long term, the world economy is fluctuating and mineral development is in volatility, which demands that every country should join hands together and strive for motivating sustained mineral development. Particularly, we should fortify the confidence in development,  open up the source and regulate the flow and obtain sustainable mineral development by driving innovation .

He said that opening up the source and regulating the flow should be attached with equal importance in exploration because mineral resources are non-renewable. China will continuously implement the strategic action of comprehensive prospecting, and sufficiently mobilize and encourage relevant parties to involve in prospecting and exploration, and strengthen the prospecting of mineral resources, minerals in short supply and strategically emerging industries in order to make new breakthroughs in mineral exploration and constantly improve the ability of domestic resource guaranteeing.

As global mining industry is stuck in deep adjustment, commodity price continues to decline, it appears more and more important to conduct mining cooperation among countries.

The Hon. Mr. Denis Khramov, Deputy Minister of Natural Resources and Ecology of the Russian Federation, believed that Russia has unique mineral resources and China is a reliable partner of Russia. He said that conducting and enlarging collaboration with Chinese colleagues and friends is the priority of Russian foreign policies and economic and trade cooperation. Khramov said that China and Russia will carry out cooperation in geological exploration.

H.E. Mr. Jorge Heine, Ambassador of Chilean Embassy to the People’s Republic of China also expressed enthusiasm of mineral cooperation with China. He said that since the signing of a free trade agreement, trading between two countries has maintained an annual growth speed of 30% more or less. Chile, rich in copper mine, sells one third of its copper products to China. He hoped that more Chinese companies will go to Chile to invest.  

A series of important forums and lectures would be hosted during the congress. Meanwhile, China Geological Survey, affiliated by Ministry of Land and Resources, would release a wholesale of new fundamental geological information in public, including JPEG 2000 mapping information in 1: 50 000 regional geological survey, and JPEG 400 information of major metallogenic belts in 1:50 000 mineral resource geological survey and detailed information of 900,000 drills.

(edited by Mao Zhenhua, Li Kun and Liu Kaixiong) （translated by TLRHVC）

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: m.balanzskin.com.