en_矿业资讯

Overcapacity driving China`s coal industry into the ground

Source: www.chinamining.org  Citation: www.wantchinatimes.com  Date: November 04, 2014

With coal prices spiraling downward, major Chinese coal firms are going to sink even further into the red unless they can improve and adapt their operations to the new industry climate, reports Shanghai`s China Business News.

In the first three quarters this year, 20 major Chinese coal firms suffered a total net deficit of 10.56 billion yuan (US$1.7 billion), with only seven of them managing to scrape in a slim profit. Combined accounts receivable also topped staggering 130 billion yuan (US$21.2 billion), according to the report.

One major culprit for the industry`s vexing problem is excess capacity, a result of two rounds of vigorous investments in the industry since 2006 in response to the booming market. The inflow boosted the industry`s total annual capacity, including production facilities under construction, to an enormous 5 billion tons, with accumulated investments reaching upwards of 3 trillion yuan (US$490 billion).

The Chinese coal industry began to pick up in 2002, reaching its heyday between 2008-2012 as huge amounts of capital flooded into the sector. Coal output of Yulin, the foremost coal production site of Shaanxi province, jumped to 339 million tons in 2013, making it one of the corners, along with Ordos in Inner Mongolia and Shuozhou in Shanxi province, of China`s "golden triangle of coal."

The coal industry is now standing at a crossroads as firms puzzle over their next move. A consensus is for them to switch to coal chemical engineering, which involves a litany of thorny problems. The shift in enterprise would have to deal with huge capital investments, a cloudy outlook, foreign competition, and environmental pollution, complicated further by the current slump of global energy prices.

The nation`s coal capacity now stands at 4 billion tons a year, 300-400 million tons more than demand, with excess capacity expected to increase further following the completion of new facilities to add a combined 1.1 billion tons in total.

"Due to overcapacity, the nation`s coal stock has topped 300 million tons for more than 30 months in a row and it will be very difficult to cut the stock in the foreseeable future," said Lu Yaohua, vice chairman of China National Coal Association.

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 November 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: www.chinaminingtj.org.

China`s 10 nonferrous metal output up 6.6% in Jan-Sep to 31.95 mln ton

Source: www.chinamining.org  Citation: China Knowledge  Date: October 31, 2014

The combined output of the ten nonferrous metals rose 6.6% year on year to 31.95 million tons in the first nine months of this year, according to the latest statistics released by the National Development and Reform Commission.
    
The output of aluminum electrolytic rose 7.8% year on year to 17.59 million tons in the nine-month period. The output of copper and alumina oxide see a growth of 11% and 4.8%, respectively.
    
The output of lead dropped 5.6% year on year in the period, and the output of zinc went up 4.6% from a year earlier in the first nine months.
    
In Sep 2014, the prices of major nonferrous metals reflect a decline from Aug 2014. The average prices of copper and zinc futures on the Shanghai Futures Exchange stood at RMB 50,139 and RMB 16,680 per ton, down 0.6% and 0.6% from a month earlier, respectively. The average price of aluminum was stood at RMB 14,478 per ton, up 3.7% from Aug or 0.9% from a year earlier.
    
In the first eight months of this year, China`s nonferrous industry realized RMB 105.6 billion in profit, 2.4% higher than in the same period of 2013.

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 November 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: www.chinaminingtj.org.

China metals demand seen up in 2015, copper at least 6 pct

Source: www.chinamining.org  Citation: Reuters  Date: October 27, 2014

China`s consumption of refined copper is expected to rise at least 6 percent in 2015, roughly in line with this year, supported by new investment in power networks and demand from rail projects, analysts and industry executives said.
    
An expected slowdown in new residential and commercial building projects, however, could see an easing in consumption growth for aluminium and nickel in the world`s top metals consumer.
    
Lead demand growth may also be trimmed by lower production of electric bicycles, while tin demand should be supported by chemicals and tin-coated steel plates makers.
    
China is expected to complete power network orders from its 2014 power plan next year, as well begin a new investment plan for 2015, said a senior executive at a state-owned copper producer.
    
The power sector is the country`s top copper user. Investment in new power networks had been expected to rise more than 10 percent in 2014 fell 0.6 percent in the first half from a year earlier, raising expectations that more orders would be placed between the fourth quarter and early next year.
    
"In China, big (infrastructure) projects usually are started in the third year of a government. Next year is the third year to the current government," said the executive, who declined to be named because he was not authorised to talk to media.
    
Rail project orders for power cables and wires have risen since August and could stay strong next year, said a manager at a large end-user of refined copper, who put consumption growth at more than 7 percent next year.
    
This was above a forecast from state-back research firm Antaike, which put consumption growth at about 6 percent in 2015, compared to an expected 6.7 percent-rise to 8.75 million tonnes this year.
    
Growth could be capped by a fall in demand from air-conditioners makers next year after they raised the output in 2014, said Yang Changhua, senior analyst at state-backed research firm Antaike.
    
China`s still healthy demand rise could help copper prices on the London Metal Exchange, three industry sources said. A trader at a Chinese hedge fund expected the average LME copper price to rise 5 percent next year from 2014.
    
PROPERTY DRAG
    
New property projects, which typically consume copper, aluminium, zinc and nickel, are likely to slow next year, even though banks have relaxed lending to some house buyers in the past month, cutting existing stocks, metal industry sources said.
    
For aluminium, demand from transport and power transmission may rise next year, said an executive at a state-owned smelter said, who asked not to be named.
    
Overall consumption of primary aluminium is likely to rise 7-9 percent next year from about 10 percent expected in 2014, said the smelter executive and Wang Chunhui, analyst at information provider SMM, who put consumption at 27 million tonnes in 2014.
    
Production of primary aluminium may rise about 10 percent to 30-31 million tonnes next year due to new capacity. High output and lukewarm demand may boost exports of semi-finished products.
    
A drop-off in new property projects could also affect demand for zinc and nickel, which are used to coat some steel products for the building sector. Zinc is also widely used in infrastructure projects such as power networks and transport.
    
Antaike expects China`s refined tin demand to be flat this year, at just above 150,000 tonnes, and to rise slightly next year due to steady demand from chemicals and tin plated steel products used for packaging.
    
It expects China`s refined lead consumption to rise 4 percent to about 5.1 million tonnes in 2015 from the year before, compared with a 5-percent rise for 2014 as production of electric bicycles starts to drop after a rapid rise in the past few years.

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 November 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: www.chinaminingtj.org.

China`s shale gas production surging

Source: www.chinamining.org  Citation: Xinhua  Date: October 15, 2014

China`s shale gas production in 2014 will surpass 1.5 billion cubic meters, 7.5 times that of 2013, an energy expert predicted on Tuesday.
    
Jiang Xinmin, a researcher with the Energy Research Institute under the National Development and Reform Commission, the country`s top economic planner, also predicted that China`s shale gas production would top 6.5 billion cubic meters in 2015.
    
China has seen dramatic growth in shale gas production since 2013. By of the end of July, the country had invested 20 billion yuan (3.25 billion US dollars) on exploiting 54 possible shale gas fields, said Jiang.

The shale gas industry is lucrative in drilling, gas equipment development, engineering services and gas chemical development but has a number of difficulties in commercial development, including the high costs, environmental protection and technology bottlenecks, he said.
    
China has the largest recoverable reserves of shale gas in the world.As the world`s largest energy user, it is looking to reduce its reliance on imported oil, coal and gas by tapping these rich shale reserves.

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: www.chinaminingtj.org.

China to cut steel exports in 2015 - CISA

Source: www.chinamining.org  Citation: Reuters  Date: October 10, 2014

China will likely decrease steel exports in 2015 following the cancellation this year of export incentives such as tax rebates, a China Iron Ore and Steel Association (CISA) official told Reuters on Monday.
    
"China does not plan to expand steel exports significantly. Next year we forecast that the Chinese exports will decrease compared with this year," Chi Jingdong, deputy secretary general of CISA told Reuters at the Worldsteel conference in Moscow.
    
China, capable of producing 1.1 billion tonnes of steel a year, boosted steel exports significantly in 2014, mainly due to the government`s preferential policies, including tax rebates for some steel products, Chi said.
    
China will produce around 830 million tonnes of steel this year and around the same amount next year, Chi added.
    
Battling with overproduction and the environmental impact of its steel industry, China is trying to reduce steel capacity by 100 million tonnes in the near future, including 80 million tonnes this year, Chi said.
    
Chinese steel exports surged by 10 million tonnes for the eight months from January to August this year to around 14.8 million tonnes, in part due to a recovery in global demand, he said.

"We think that it`s unrealistic to increase exports to resolve the issue of overcapacity in China," Chi said.
    
 "We think that tax rebate abolishment will have some impact on the enthusiasm of some Chinese steel companies and reduce their exports."
    
He added that the performance of Chinese steel mills will be better in the second half of this year compared to the first half because of decreasing production costs due to falling iron ore and coal prices.
    
"The profits of steel companies, however, are still small as steel prices are at a very low level," he said.

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: www.chinaminingtj.org.

Rare earth products exchange in good operation: experts

Source: www.chinamining.org  Citation: Xinhua Agency  Date: October 08, 2014

China`s first rare earth exchange has amassed almost two billion yuan in trade since opening in March, a recent report has shown.
   
Gu Ming, general manager of the Baotou Rare Earth Products Exchange, said that by the end of September, more than 9,700 tonnes of rare earths have been traded, with the total turnover reaching 1.7 billion yuan (277 million US dollars).
   
"The latest data is sufficient proof that the exchange has been in good operation," Gu said.
   
Located in Baotou City, north China`s Inner Mongolia Autonomous Region, the exchange was initiated by Baotou Steel Rare Earth (Group) Hi-Tech Co. (BSRE), China`s leading rare earth producer, and another 12 firms and institutions with a registered capital of 120 million yuan (19.32 million U. S. dollars).
   
Zhang Zhong, general manager of BSRE, praised the exchange for its significance and influence in the industry, as its initiators could obtain 80 percent of China`s total rare earth ore and products each year respectively.
   
"Our annual export quota takes up 79 percent of the country`s total, illustrating the importance of the exchange," Zhang said.
   
Since its debut, the electronic trading platform has become a magnet for both domestic and foreign companies, with more than 90 involved in its trading, and its influence is still expanding, Gu said.
   
Yang Zhanfeng, dean of Baotou Research Institute of Rare Earths, said that the exchange has effectively regulated the industry of the precious ore and enhanced transparency, as companies all trade on the same platform with the same standard.
   
China is the world`s largest rare earth producer and exporter, accounting for more than 90 percent of the world`s supply. However, the country lacks pricing power in the global market and wild price swings of resources have had a negative effect on Chinese producers.
   
Rare earth metals are vital for manufacturing high-tech products ranging from smartphones and wind turbines to electric car batteries and missiles.

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: www.chinaminingtj.org.

Bruised Rio Tinto rebuffs Glencore takeover approach

Source: www.chinamining.org  Citation: Reuters  Date: October 08, 2014

Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion (99.51 billion pound) mining and commodities trading giant.
   
Rio said on Tuesday that it was contacted about a potential deal in July, as the price of its most profitable product, iron ore, was heading towards five-year lows. Glencore confirmed later that it had made a telephone call to gauge interest in "some form of merger".
   
"Rio Tinto responded that it was not interested in pursuing these discussions," Glencore said in a statement.
   
Glencore`s billionaire chief executive Ivan Glasenberg, who sources say had made the approach personally, was turned down in August, and Rio said there had been no further contact.
   
"The Rio Tinto board, after consultation with its financial and legal advisers, concluded unanimously that a combination was not in the best interests of Rio Tinto`s shareholders," Rio Tinto said in a statement to the Australian stock exchange.
   
Market speculation about a potential Glencore approach for Rio has been simmering for weeks, fuelled by the sharp drop in iron ore, the material which accounts for more than 90 percent of Rio`s profits. Industry bankers say Glencore has recently talked openly about wanting to take over Rio, coveting its low-cost, high-quality iron ore.
   
The rebuff may have ended the prospect of a deal in the short term, and Glencore said in its statement that it was no longer actively considering a bid. But both sides failed to dampen questions about future acquisitions for Glencore`s Glasenberg, one of the industry`s most ambitious dealmakers -- including the potential for another run at Rio.
   
"This is the most obvious deal you could think of, especially if (Rio Chief Executive) Sam Walsh is on his way out. But the Xstrata experience shows it could take 3 years," one of the sources said, referring to Glencore`s protracted 15-month tussle to buy miner Xstrata. Walsh`s contract runs until 2015.
   
Tuesday`s statement bars Glencore from bidding for six months under UK takeover rules, but that could be overcome.
   
Several sources familiar with the matter said Glencore, if it were to come back, would likely wait for iron ore prices to drop further and for the ratio between Rio`s shares and its own
   
the likely currency for a deal -- to improve.
   
Rio`s Australian shares jumped as much as 4.7 percent to a 9-day high of A$60.28 in a weaker broader market .AXJO after the company issued the statement. Its London shares were up 2.1 percent at 3,057 pence in late afternoon trade, easing off earlier highs after Glencore`s statement.
   
Glencore was down 2.1 percent at just over 332 pence.
   
"At this stage, nothing is going to change materially in the next six months, unless the commodity price landscape changes dramatically," analyst Ben Davis at Liberum in London.
   
"The deal makes a lot of sense from a Glencore standpoint. They have a lack of long-term assets and are heavily leveraged. A big paper transaction like Rio could help."
   
CHINA`S BLESSING
   
Iron ore would fill a gap in Glencore`s range of commodities, where it already has strong positions in copper, nickel, zinc and coal. Merging with Rio would provide Glencore with instant scale in iron ore, boost its trading business, and give the indebted company access to Rio`s balance sheet.
   
The two could save about $500 million just by combining their neighbouring coal operations in Australia, Citi estimated.
   
But analysts and bankers have also outlined major hurdles to a deal, saying Rio Tinto shareholders would want a hefty premium, China would likely force a merged group to sell some copper and coal assets, and Rio`s conservative culture would clash with Glencore`s aggressively entrepreneurial DNA.
   
"It ticks a lot of boxes for Ivan, but I`m not so sure that it does so for Rio shareholders," one of Rio Tinto`s 30 largest investors said from London. "We`d prefer as much cash as we could get and you`d be looking at a pretty hefty premium to the current share price to get a deal."
   
Others agreed the premium or cash required to go straight to shareholders could be too much for Glencore`s own investors.
   
"I don`t think Glencore would go hostile and try and take out Rio. That would be a big bite," said Jason Beddow, managing director of Argo Investments, the sixth-largest holder of Rio`s Australian shares.
   
Rio disclosed the approach after Bloomberg reported that Glencore had talked to Rio`s top shareholder, Chinese state-owned Aluminum Corp of China (Chinalco) ALUMI.UL.
   
The report, citing people familiar with the situation, said talks with Chinalco took place after Rio`s rejection and that Glencore was testing the waters with other Rio shareholders -- studying obstacles as it weighed its next steps.
   
Any bid for Rio would need China`s blessing, as Chinalco owns 9.8 percent of the company, a stake it bought in February 2008 as it sought to block a $127 billion takeover bid from BHP Billiton. Chinalco is sitting on a big loss on its stake, bought for 60 pounds a share, or double Rio`s current London-listed price RIO.L.
   
A Chinalco spokesman in Beijing did not answer telephone calls on Tuesday, which was a public holiday in China.
   
IRON ORE HIT
   
Analysts at Bernstein calculate for every dollar fall in the price of iron ore, Rio`s assets lose $1.5 billion in value.
   
Rio has focused on slashing costs while expanding its iron ore output to what it calls "epic proportions", not shying away from the fact that it is largely dependent on steel growth in China, which is slowing.
   
"The board believes that the continued successful execution of Rio Tinto`s strategy will allow Rio Tinto to increase free cash flow significantly in the near term and materially increase returns to shareholders," Rio Chairman Jan du Plessis said in a statement.
   
Unlike its bigger rivals, who have flagged they are going to stay away from chasing acquisitions for the foreseeable future following a string of soured deals, Glencore has been looking for bargains. Analysts have pointed to potential expansion in oil or agricultural commodities, as well as metals.
   
Following its $46 billion merger with Xstrata last year, it bought Chad-focused oil company Caracal Energy CRCL.L this year for about $1.3 billion and has been looking to buy BHP`s troubled Nickel West business.
   
With companies like Rio, BHP, Anglo American and Cliffs Natural Resources CLF.N looking to sell assets, there is plenty for Glencore to choose from without having to pay up for Rio, said Ric Ronge, a portfolio manager at Pengana Capital.
   
"Glencore, if it`s got the appetite, can probably find a situation where it can get a lot more bang for its buck in terms of finding something that`s more stressed and has a better fit with their existing asset spread," Ronge said.
   
"Obviously they`d like iron ore, but the question is at what price?"

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: www.chinaminingtj.org.

Trade zone`s new gold board `gets off to slow start`

Source: www.chinamining.org  Citation: China Daily  Date: September 29, 2014

Pedestrians walk past Shanghai Gold Exchange, Feb 21, 2010. The SGE has recently allowed foreign investors to invest directly into the city`s gold market.

One week after the Shanghai Gold Exchange started trading in the China (Shanghai) Pilot Free Trade Zone, transactions on the international board have been scant compared with international peers. But analysts said it is still too early to assess the board`s operations.
    
The SGE`s international board for the first time enables international investors to invest directly in China`s gold market, and it has been widely seen as part of the country`s effort to open its financial markets and gain more say in the pricing of the precious metal.
  
Three contracts are offered: 100 grams of bullion of 99.99 percent purity (iAu100g), 1 kg of the same purity (iAu9999) and 12.5-kg bars of 99.5 percent purity (iAu99.5).
    
According to exchange data, trading of the iAu9999 contract was the most active of the three, with transactions involving a little over 1,000 contracts on Thursday.
    
By contrast, the London Metal Exchange recorded 23,857 contracts of physical gold traded on the same day.
    
Analysts said that uncertainties over exchange rates and gold prices may have prompted the SGE`s international board members to hold cash.
    
All three contracts offered by the SGE`s international board are yuan-denominated and physical gold-backed, so investors need to take risks into account before they decide to trade in the exchange, said Yang Fei, an analyst at Seewonder Financial in Shanghai.
    
Xiao Shen, a Shanghai-based precious metals researcher with Dingjin Precious Metal, said: "Currently, only FTZ-registered members can trade, and they need to have accounts at banks registered in the free trade zone and authorized by the SGE to make transactions. The exchange is not yet open to individual traders, and many players have not entered the market. As more members are involved, the trading volumes may increase." Trading volumes and transaction values are benchmarks to evaluate an exchange`s activity.
    
Albert Cheng, World Gold Council managing director for the Far East, said that the board should aim to become a key trading platform in Asia.
    
Xiao said: "It would be unreasonable to expect a new exchange to become a big player in just a week and compete with other exchanges that have century-long histories. Let`s be patient to see how the SGE`s international board evolves."

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: www.chinaminingtj.org.