News

Over half of the mining investment in Mongolia is from China

Source: www.mlr.gov.cn  Citation: www.chinamining.com.cn  Date: Nov 05, 2013

In the session of "Policy and Finance" of CHINA MIINING 2013 which was recently held, Chulunbat who is the vice minister of economic development of Mongolia, expressed that mining economy was an important impetus for Mongolia`s economic development. Mining economy of Mongolia accounted for 20% of the Mongolia`s GDP and 70% of the overall industrial production value and19% of export trade value. According to the report, for a long time, over half of the mining investment in Mongolia is from China.

The reporter learned from the forum that the updated investment law of Mongolia passed in early October this year came into force on 1 November, and series of supporting laws included Mining Act and Environmental Law will also be launched in recent months. The new investment law describes that mining and other industries of Mongolia invested by foreign state-owned enterprises hold the proportion of shares more than 33%, then the enterprises only should be approved by government departments of their countries and need not again submitted to parliament for approval.

In recent years, the legal environment of Mongolia is changeable. A series of policies and measures had weakened the foreign investments in this country. And these policies and measures have been complained by a lot of foreign enterprises including Chinese enterprises. Therefore, the local investment environment has been affected, resulting in a large number of foreign enterprises have to evacuate.

It is understood that since this year, foreign direct investment in Mongolia fell 41% year on year which led directly to a decline in the country`s foreign exchange reserves and national currency devaluation and other issues. It also had a great influence on the development of the mining economy in this country. Taking an example of gold mine, gold production of this country was only 2.5 tons last year, and substantially reduced over the previous few years. The phenomenon of illegal gold mining has become increasingly severe.

Chulunbat said that Mongolia`s authorities had realized that formulating policies and laws previously set was rather one partial. Implementation of the new investment act will help to restore the interest loss of foreign investment and create the investment environment of " have a better development opportunity, have a more stable development space"

In addition, recently Long-term Development Program for Mongolia-China Strategic Partnership which is signed by Mr. Norov Altankhuyag,. Prime Minister of Mongolia, during his visit in China with Chinese government clearly shows that the two sides will comprehensively deepen pragmatic cooperation in economy and trade in accordance with the general idea of the mineral resources development, infrastructure construction, promoting the overall development of financial cooperation. And according to the consensus reached by both sides, the two countries will further expand these projects such as the natural gas, coal, refined oil trade and railway construction, the bank cooperation projects. (Zhou Tao) （Translated by TLRHVC）

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

Regional geological survey highlights prospecting breakthrough

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: Nov.5, 2013

On Nov.3rd, The Progress and Achievements in Geological Survey forum of CHINA MINING 2013 was held. The journalist learned from the forum that China would continue to strengthen geological survey in important metallogenic area. A batch of newly-found mineral occurrences and prospecting clues pointed out the direction for prospecting.

China had completed 1:50000 regional geological survey with an area of 210,000 square kilometers (accumulatively completed 630,000 square kilometers in 3 years), which had improved work in metallogenic area by 17%. More than 590 mineral occurrences had been newly found and regional geological features and prospecting background had been ascertained by regional geological survey; 4126 geophysical anomalies had been discovered, 218 geophysical anomalies had been verified, ore had been found in 42 geophysical anomalies; 309 geochemical anomalies had been zoned, 56 geochemical anomalies had been verified and ore had been found in dozens of geochemical anomalies. Besides, China had carried out 21 fundamental geology comprehensive studies in the important metallogenic belts, creatively worked out metallogenic geological background map which could provide detailed and intuitional geological background information. China also obtained new ideas in the research of big regional fundamental geological problems, which pointed the way for future prospecting. 

Xiao Guiyi, Deputy Director of Foundation Department of China Geological Survey, introduced that exciting discoveries of prospecting in many areas resulted from regional geological survey. 63 mineral occurrences had been discovered around metallogenic belt of Qaidam Basin; 38 mineral occurrences had been discovered in metallogenic belt of Kunlun-Altun Mountain. Prospecting of copper multi metal and iron ore had made great progress; More than 20 mineral occurrences had been discovered in metallogenic belt of Tianshan Mountain; 64 mineral occurrences had been found in the north of metallogenic belt of Great Khingan. China Geological Survey will continue to stress metallogenic belt and strengthen regional geological survey in scale of 1:50000 and 1:250000.  (Wang Shaoyong)  (Translated by TLRHVC)

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

Iron Ore - Speed up the base construction of overseas supply

Source: www.mlr.gov.cn  Citation: www.gtzyb.com  Date: Nov. 5, 2013

CHINA MINING held two forums with the theme of iron ore on Nov. 3rd. Researchers and entrepreneurs from domestic and foreign mining field conducted a comprehensive analysis and interpretation about current and future global iron ore production, supply and demand and price trends and other hot issues. They put forward some suggestions on how to deal with the challenge of Chinese resources——Accelerate the pace of overseas iron ore supply infrastructure.

Wang Yingsheng, director of Market Research Department of China Iron and Steel Industry Association, introduced that since 2011 the domestic steel prices plummeted, and the current price is the same as that of 20 years ago. However, the cost of production has increased substantially and therefore the entire steel industry entered into low profit or loss situation. Even so, in the long run, as China`s urbanization, industrialization and agricultural modernization, the demand for steel will still maintain a growth trend. As the international countries engaged in their exploration and development of iron ore currently, the global iron ore production has been increasing. We can expect in the next few years, the global iron ore supply will be adequate with an annual output of about 0.7billion ~ 0.8billion tons.

Wang Jionghui, the GM of Exploration and Development Company of China Minmetals Group, said in his speech, up to now, our dependence on foreign iron ore rose to 68.5% with a consumption of 5.3 tons of iron ore resource per capita, which has great difference between China and the other developed countries. It has a great potential in the iron ore exploration market.

Wang Jionghui said, up to now, the four iron ore giants BHP, Rio Tinto, vale and FMG`s iron ore production accounted for 40% of the total output of global iron ore, its shipping capacity accounted for 70% of the one of the whole world. From 2013 to 2019, global iron ore production will be planned to add750 million tons, of which four iron ore giants accounted for 480 million tons which is 64% of the production planned to add The four global iron ore base, namely Australia, Brazil, India and South Africa has been formed gradually in the future. Therefore, the current challenge we need to face was highly centralization of the global iron ore supply structure and the monopoly prices as well.

Wang Jionghui suggested that in order to cope with the long-term monopoly situation by iron ore, China`s mining enterprises should accelerate the construction of overseas iron ore base. If the overseas iron ore mining rights increased, it would make the iron ore prices return to a certain level, otherwise the price situation monopolized by four giants was difficult to break.

Chen Jiabin, director of manage research room of China Land Resources Economy Research Institute, also introduced in his paper the comprehensive utilization of the iron ore tailings. At present, the discharge amount of iron ore tailings was about 800 million tons, and the average grade of iron was more than 10.5%, which distributed in the iron ore raw material base. Among them, 25%iron ore tailings can be recyclable to reuse, but the mining our country did not carry out utilization comprehensively accounted for the majority. The comprehensive utilization of tailings has a great potential. (Wei Yufang)（Translated by TLRHVC）

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

Gold --- Science and technology are the engine of sustainable development

Source: www.mlr.gov.cn   Citation: www.gtzyb.com  Date: Nov. 5, 2013

On Nov. 3rd, on Gold forum of CHINA MINING, Du Haiqing, deputy general manager of China Gold Group Company, said the gold enterprises must strengthen scientific and technological innovation in our country to overcome the difficulties, which was determined by the status of China`s gold industry.

"Scattered distribution of resources and limited resources, needed to improve production technology and equipment level, safe environmental protection, energy conservation and emissions reduction, high-tech and high value-added gold products remain to be further developed." Du Haiqing summarized the four phenomena China`s gold industry were facing.

How to implement the strategy of scientific and technological innovation drive and promote the sustainable development of industry health? Du Haiqing thought the five aspects:

Innovation to drive became the major strategic development strategy of gold industry. After several years of rapid development of gold industry in China, we had transformed from too dependence on capital expansion, resource consumption and labor intensive extensive management pattern to more rely on technological progress and management innovation of intensive mode. Therefore, science and technology innovation strategy must be promoted to a high level.

We should enhance the independent innovation ability and break a batch of key core technologies. These needed-breaking technology included geological prospecting, deep mining, mineral smelting and difficult technology, comprehensive utilization of resources, gold products research and development and deep processing, etc.. Through the breakthrough of these key core technologies, we could discover and cultivate the new economic growth point of gold industry.

We should strengthen the cooperative innovation and expand opening up and cooperation of science and technology. On the one hand, join hands with the world`s leading companies to cope with the challenge of the development of gold industry. On the other hand, strengthen the university-industry cooperation and establish the long-term mechanism. Strengthen the cooperative innovation between enterprises, industrial chain, improve the efficiency of innovation, reduce the risk of innovation to format complementary advantages, a clear division of responsibilities, achievement sharing, risk-sharing mechanism of open cooperation.

We should Improve the mechanism of the talent development and strengthen the construction of talent team. Gold enterprises should further establish more flexible talent management mechanism, accelerate the construction of reasonable structure, good quality, strong innovation ability of science and technology talent team to further improve the evaluation of scientific and technological personnel, selection, training, use, and incentive mechanism. Through major project implementation and integration of science and technology, foster a batch of science and technology talents with leading-edge level and innovation team. Complete enterprise innovation base construction to attract high-level talents from home and abroad.

We should create a favorable policy environment, strengthen the construction of innovative culture, such as strengthening the protection of intellectual property rights, perfecting the tax policy, increasing the government investment in science and technology, and increasing the capital markets for technology support, etc. (Yu Defu)    (Translated by TLRHVC)

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

Mining-rich countries extended olive branches to Chinese mining enterprises

Source: www.jwb.com.cn  Citation: www.jwb.com.cn  Date: Nov.5, 2013

Recently, reporters from the CHINA MINING 2013 which was held in Tianjin are informed that the officials in charge of the mining department from more than 10 countries, such as Canada and Australia, had delivered keynote speeches one after another. Some of them came to the booth and introduced domestic mining development and investment. They extended olive branches to Chinese mining enterprises and seeked for opportunities of international cooperation.

The Hon. Ms. Marian Campbell Jarvis, Assistant Deputy Minister of Natural Resources, Minerals and Metals Division, came to Meijiang Convention and Exhibition Center N5 booth yesterday promoting to Chinese mining companies, “Canadian mining capital market is developed. About half of the global mining projects financing are completed in Canada.” Marian Campbell Jarvis said. Since China and Canada had established formal diplomatic relationship more than 40 years ago, the two countries maintained good development relation, and this year they would improve the investment environment in order to attract more Chinese entrepreneurs to invest.

“Chinese brother” was used as an affectionate name to Chinese entrepreneurs by The Hon. Jorge Mayoral, State Secretary of Argentina mining industry, federal program, public investment and service division, mining industry secretariat. Jorge Mayoral said that the two sides in the cooperation in the field of mining industry could be strongly complementary and would negotiate and improve in terms of labor protection, environmental protection and public responsibilities in order to provide more business opportunities and security for Chinese companies to invest in Argentina mining industry.

“We offer ‘one-stop’ services on mining right application and the downstream factory of enterprises’ construction will also be encouraged by the government,” said The Hon. Kamal Abdel Latif, Minister of Minerals of the Sudan.

In addition, more than 10 countries, such as Peru, India, introduced their own preferential policies to Chinese enterprises, including corporate tax, mineral right term, infrastructure security, enterprise right security, etc. These mining powers’ extending olive branches implies that the influence of CHINA MINING will increasingly improve and the implementation of the strategy of “going out” has achieved positive results. (Lei Fengyu)（Translated by TLRHVC）

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

The Ministry of Land and Resources granted Tianjin "China Hot Spring City" Award

Source: China Daily  Citation: China Daily   Date: Nov.5, 2013

CHINA MINING Congress & Expo 2013 has opened on November 3rd. As one of the sessions, the keynote session "Developing geothermal industry and constructing ecological civilization “was held in Tianjin Binhai New area yesterday (November 4th). During the conference, the Ministry of Land and Resources awarded the "China Hot Spring", "China Spring City", "Hot Spring(geothermal) Development and Utilization Demonstration Units" to Tianjin Municipal People’s government, Baodi District of Tianjin Municipal People`s Government, Jinghai County People`s Government, Tianjin University of Technology and Bohai Petroleum Hydro Service Corporation respectively. The Ministry of Land and Resources together with Tianjin City Hall unveiled for "China Hot spring", which marked "China hot spring" was officially settled in Tianjin.

It was reported that the Ministry of Land and Resources previously announced the selection results of the first batch of "Chinese Spa Town". With its rich results of reserves, exploitation and utilization of geothermal resources, Tianjin City and Chongqing City, Fuzhou City gain first honorary title of "Chinese Spa Town" Baodi District of Tianjin Metro and Jinghai County Tuanpo Metro were named "Chinese Spring City".

Tianjin University of Technology and Bohai Petroleum Hydro Service Corporation were named " Hot Springs(Geothermal)Development and Utilization Demonstration Unit". Till now, The city become the only big city of "China Hot Spring”, “Chinese Spring City", "China Spa Town", "Demonstration Unit of Development of Geothermal Energy Utilization ", which laid the foundation to build demonstration base of multi-level, multi-field demonstration effect of the development and utilization of geothermal and hot spring culture display base.

For the rational development and utilization of geothermal energy, reducing carbon dioxide emissions and promoting the development of low carbon economy, the Ministry of Land and Resources has carried out the naming and creation work of the "China Spa Town" in 2010. Such provincial capital city or city specifically designated in the state plan could declare “China Hot Spring", which were rich in geothermal resources, rational development and utilization, sound management and protection system, and outstanding in the development of low carbon economy, spa (geothermal)culture, development and utilization of technology as well as recoverable heat fluid volume greater  than 20000 cubic meters / day. From the beginning of 2010, Tianjin has launched the creation work of "Chinese Hot Spring".

It was reported that Tianjin city belonged to type of Low temperature deposition basin which distributed in the scope of 8700 square kilometers, accounting for about 77% of the total area. At present, the exploitation of geothermal fluid was 76.066 million cubic meters / year (25 ℃) and available heat energy was1.30×10¹⁶joule per year, i.e. 4.43×10⁵ tons of standard coal equivalent. In addition, Tianjin city also had a rich shallow geothermal energy. The available resources of the rock below the surface and the shallow geothermal energy underground water were 1748 trillion kJ with winter heating area of 1.34 billion square meters and the summer cooling area was 1,26million square meters.

By the end of 2012, the geothermal exploitation wells registered were 285, extraction and filling systems were 90.In 2012, the total extraction volume was 32.5million cubic meters and recharge volume was 13.10 million cubic meters. Its recharge rate reached 40%. At present, all the heat reservoir were equipped with a recharge well and the number of recharge well was still increasing year by year. Geothermal development was equivalent to annual savings of 265,000 tons of standard coal (371,000 tons of coal) with a reduction of the carbon dioxide emissions by 632,000 tons. Geothermal heating residential and public building were 213, coving an area of about 15.53 million square meters (about 5% of the total area of the city central heating and is the largest city supplying heating by the utilization of geothermal resources); 113 districts were supplied hot water by geothermal heat, i.e. around 100,000 households; a total of 11 agricultural facilities units using geothermal resources, which covering an area of about 10 million square meters; spa tourism in a total of 8 units with a construction area of about 210,000 square meters and the number of hot spring bath was about 9.5 million passengers / year. According to incomplete statistics, the city`s projects of developing and utilizing shallow geothermal energy resources reached more than 200, with an area of about 5.75 million square meters.

It was reported that to build beautiful Tianjin and rationally use clean energy, the city enacted "Regulations of Tianjin City Geothermal Resource Management", which clear geothermal departments, unified planning and management, developed and utilized scientifically, establish a strict management system, and worked out the planning of development and utilization of geothermal resources. Meanwhile, the city also built a dynamic monitoring network, which closely monitored the real-time status of all mining wells and recharge and gave the effective protection of resources and environment to maintain a sustainable use. 

During "The 12th Five Year Plan" period, the city would further strengthen the management of geothermal resources, give scientific establishment of utilization plan of geothermal resources, vigorously promote and apply geothermal gradient utilization and recharge and other new technology on the basis of the construction of the Jingjin Metro Group, Dongli lake and Mission Park Lake in accordance with the principle of "Developing in Protection, Protecting in Development "together with "Beautiful TianjinNo.1 Project", which promoted the development and utilization of the geothermal demonstration project and constructed a number of tourism projects characterized by the spa physiotherapy, leisure and vacation and in order to enhance the cultural quality of Tianjin, construct ecological civilization, promote the construction of "China Hot Spring City".

During the forum, Professional Committee of Geothermal of China Mining Association, People’s governments of Chongqing City and Fuzhou City and Land and Resource & Housing Management Bureau of Tianjin City respectively delivered keynote speech on "Development and Ecological Civilization Construction of China Hot Spring City (Town, Village)". ( Wu Mei/Feng Wanxin)（Translated by TLRHVC）

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

China’s dominant mineral products spot trading platform launched

Source: Tianjin Daily   Citation: Tianjin Daily  Date: Nov.5, 2013

Our journalist learned from CHINA MINING 2013 that Tianjin International Mining Exchange held Risk Exploration Capital Market Strategic Investors Signing Ceremony and Launching Ceremony of China’s Dominant Mineral Products Spot Trading Platform, which marked Chinese risk exploration capital market construction had been officially launched and China’s Dominant Mineral Products represented by tungsten products had entered electronic transaction age.

This GEM aims to mining enterprises, especially capital market of risk exportation enterprises. It will provide financing platform for risk exploration enterprises, expand financing channel for domestic mining projects and accelerate socialization of exploration projects investments that conform to mining development rules. At present, Tianjin International Mining Exchange is carrying out the docking between overseas international standard and original geological exploration rules to formulate China’s own rules of capital market construction of risk exploration enterprises.

It was introduced that the first stage of market construction was outside financing transaction which could provide customized financing service for mining enterprises having financing needs and make customized financing plan for equity financing program of mining companies which could be summed as “one to one” and “one to many” financing. （Hu Xiaowei）(Translated by TLRHVC)

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.

Mining in Chile forum of CHINA MINING 2013 held

Source: www.mlr.gov.cn   Citation: www.gtzyb.com  Date: Nov. 5, 2013

On Nov.2nd, Mining in Chile Forum of CHINA MINING 2013 was held. The mining administrative department, mining enterprises and representatives of the mining industry from China and Chile were present. Relevant personnel of Chile Embassy in China, the Committee on Foreign Investment in Chile, Department of International Cooperation & Science and Technology, the Ministry of Land and Resources attended the forum and made the speech.

Bai Xingbi, Vice Director of International Cooperation & Science and Technology Department, the Ministry of Land and Resources, said that both China and Chile were important mineral resources countries, and mineral resources cooperation were highly complementary. China and Chile were important trade partners. In recent 10 years, Chile had grown by an average of 28.5% on exports to China, including copper, molybdenum, iron and other minerals, Because of the active investment, it had formed a number of important mining investment projects, especially Minmetals Group, Tongling Nonferrous, Mining Bureau and enterprises in Jiangxi Province who had successfully carried out the mineral exploration and development investment in Chile, realizing a win-win development in harmony with the local community. Bai Xingbi said the rich mineral resources and good mining investment attract Chinese enterprises to invest. Promoting cooperation would benefit the economic development of both countries. Based on existing cooperation, we should expand the mineral resources research, share mining information and construct geological information database to encourage bilateral trade and investment policy and constantly raise the level of mining cooperation.

Jin Long, Chile embassy counselor, said that Chile was an open country and had signed free trade agreement with 59 countries. In foreign trade, China is Chile`s important trading partners. In 2012, Chile exported 345 kinds of products, and the world’s exports to China were more than 4800 kinds of products exports which meant that Chile and China`s trade had a lot of opportunities. Chile was the Latin American region`s mining center. Among the world`s most important 15 copper companies, 11 ones were set up in Chile. Chile was the world`s largest copper producer. The annual output in 2012 was 8.4 million tons of copper, and Chile`s copper reserves accounted for 28% of the world.

"If you ask me What are the advantages of investment in Chile? My answer was that we had a stable legal security system, equal and no discrimination of preferential policies." Jin Long said. (Ding Quanli) (Translated by TLRHVC)

About CHINA MINING

As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. 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 2013 were held at Meijiang Convention and Exhibition Center in Tianjin on November 2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: m.balanzskin.com.