CHINA MINING News

Sidelights of mining development forum of CHINA MINING 2013

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

All seats in N16-220 conference room, which consisted of 3 medium-sized conference rooms were occupied on the second floor at Tianjin Meijiang International Convention and Exhibition Center on November 4th.  

On Mining Development Forum, Chinese and foreign mining " giants" met with the public together, such as China Minmetals, Zijin mining, Chinalco, China Gold, Shandong Gold, Datong Coal Industry, Yunnan Chihong, the Bureau of China Metallurgical Geology, Eldorado Gold Corporation, Shandong Zhaojin etc.

Be More Sustainable and Responsible

Under the current situation and background of the slump of world macroeconomic situation, commodity price shock, how to be sustainable and take responsibility for the development of mining industry was not just a business concern, but also the concern by government, organizations and society.

Wang Jianhua, Executive Director, President, Secretary of the Party committee of Zijin Mining Group Co., Ltd, put forward his own point of view and looked forward to working together to find the answer to the sustainable development. He put forward 3 suggestions on corporate responsibility: first, the initial duty of the enterprises should be the human responsibility. Now, for the consideration of specialized division of labor and cost control, many mining projects of mineral company were all outsourcing, but whether it should be a pack up? For the outsourcing team from the remote and poor village, I wanted to know whether they should shut their eyes to things of basic necessities of life, culture and education and even their children’s studying. Second, it’s the social duty. What was the relationship between social duty and community duty? As a social organization, what duties should enterprise perform to those area residents? Third, it’s the ecological duty. For the environmental disturbance caused by the mining activities, whether or not we only need to reclaim or green? He said, "It will take 100 years to know whether it is truly a tailing pond safety."

Having been dedicating to improve the international cooperation, Aluminum International thought more about how to display the image of Chinese enterprises, which pursued a sustainable development and was responsible for social development in the international arena. Liu Xiangmin, Senior Vice President, Aluminum Corporation of China, said in his speech In order to develop Peru clenbuterol Mok copper before the project, Aluminum Corporation had invested $40 million in the construction of sewage treatment plants, which solved water pollution the local mining industry brought to the community 70 years ago. Meanwhile, we also Invested $0.3 billion in the constructing new area. The mining area residents bid farewell to the primitive, backward living environment. Thus, we completed the process of urbanization in advance. He said, "Through the implementation of this project, we set up a new town in Peru mining area."

Responsibility should not be a "single line"

Responsibility was never a Single line or single lane. It was bidirectional.

Du Haiqing, Vice General Manager, China National Gold Group Corporation, put forward his own point of view from this angle. He said, "The responsibility of the enterprises is to continuously improve the service to the economic social development. But if we talk about corporate’s responsibility merely and avoid the duty of the society, it is a distorted view of responsibility." 

The society pays close attention to the high degree of safety accidents of enterprises Let’s take the enterprise safety society pay close attention to as an example.” He said. As long as the enterprise safety accident occurred, the relevant government departments would check whether the license was complete, but they paid little attention to those procedures that often required two years or even longer time. The government should also ask themselves: what kind of service they should provide for the enterprise.

This problem was very common in the international mining industry. He believed as the international cooperation was widely used the society should give more understanding and concerns for the responsible enterprise. Only the two-way interaction would achieve mutual benefit.

Cooperation was the effective way of sustainable development.

How to realize a sustainable development in the context of weak growth was a widely concerned topic of the global mining.

"Mining investment will achieve 3 combination: combination with exploration ability and development of mineral scale, combination with the scale of investment and industry chain, combination with strength utilization of mineral resources and industrial technology innovation." Ju Yitai, Vice Director, China Metallurgical Geology Bureau, said in his speech, "As a geological exploration `team`, we look forward to cooperating with the strength,experienced and technical investors together to create a more sustainable, more responsible business."

Known as the "pacesetter of going out " China Nonferrous Mining Group, Xu Shusen, the deputy general manager gave a vivid interpretation with the example of his enterprise:

Through cooperation, the enterprise engaged in nonferrous mine construction, has developed into the mining group. The business was now in more than 80 countries or regions and it possessed 8 domestic and overseas listed mining groups. In July this year, it ranked 482 in the U.S. Fortune 500 companies worldwide.

China Nonferrous Mining Group was not the only one who was benefited from this kind of cooperation. It was through the cooperation, Zambia China Economic and Trade Cooperation Zone, NFC Luanshya Copper Co., Ltd., China Nonferrous African Minerals Limited, the Chambishi Blister Copper Smelting Plant, Chambishi Wet Smelting Plant, China Nonferrous Huaxin Wet Company, Burma Tagaung Taung Nickel, Figure Wood HASELTINE OBO Zinc Ore in Mongolia, and Thailand Taizhong Lead Antimony Alloy Factory dominated by China Nonferrous Mining Group had become the new force of local economic and social development. Among them, Zambia Chambishi copper mine reborn after the 13 years’poor management: The main orebody resumed production and increased 2100 jobs within 5 years. In 2007, west orebody in Chambishi Copper Mine officially put into operation with the amount of $0.16billion investment. Figure Wood HASELTINE OBO Zinc Mine built in Mongolia`s desolate Gobi turned from an international well-known mine unable to use into a modernized production base of non-ferrous metal. Sue Hubbard Supporting Province where Tu Multin was located became the sixth province, which didn’t require the central financial subsidy in Mongolia.  (Yu Defu)  (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 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: www.chinaminingtj.org

The forum of mining ministers of CHINA MINING 2013 held

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

On the morning of November 4^th , the Forum of Mining Ministers of CHINA MINING 2013 was held in Tianjin Meijiang Convention and Exhibition Center, mining ministers from 10 countries (districts) have delivered speeches to introduce their countries’ resources endowments, mining policies and development program nd so on. They have extended warm welcome to the Chinese mining investors, and wish they will have further cooperation with China in mining field.

In the forum, Mr. Hon. Walter.K Chidakwa, Minister, Ministry of Mines and Mining Development, Zimbabwe，Mr. Hon. Marian Campbell Jarvis, Assistant Deputy Minister for the Minerals and Metals Sector, Dept of Natural Resources, Canada， Mr. Hon. Germán Elías Alba, Deputy Minister, Ministry of Minerals and Metallurgy, Bolivia  ，Mr. Hon. Willem Issacks, Deputy Minister, Ministry of Mines and Energy, Namibia    Mr. Hon.Kamal Abdel Latif, Minister, Ministry of Minerals ,Sudan , Mr. Hon. Jorge Omar Mayoral, Secretary of Argentina Mining, Federal Ministry of Public Investment Planning and Services, Argentina ,Mr. Hon. Jorge Merino Tafur, Minister, Ministry of Energy & Mines, Peru，Mr. Hon.Shri R.H. Khawaja, State Secretary, Ministry of Mines, India. Mr. Hon.Milan Bačević, Minister, Ministry of Natural Resources, Mining and Spatial Planning, Serbia，Mr. Hon.Jens-Erik Kirkegaard, Minister, Ministry of Industry and Mineral Resources, Greenland have made addresses respectively to introduce their mining endowments, mining related policies ,investment environment and mining development programs goal to extend their warm welcome to Chinese mining enterprises for investing in their countries and they wish to have further cooperation with China in mining fields.

Mr. Zhong Ziran, the chief engineer of Ministry of Land and Resources hosted the forum. In his opinion ,the 10 participating countries( districts) have abundant mining resources and the mining industry have played a vital role in their national economic and social development. In the recent years , the governments of these countries and districts have made relentless efforts to improve the mining investment environment and provide good conditions for international mining investment and cooperation. The addresses of these ministers have shown the determination of further cooperation in international mining fields and substantial cooperation outlook. The future of international mining industry would surely add fresh impetus in the global economic development.(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 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: www.chinaminingtj.org.

Wang Min: Establish a completed financial system; help mining enterprises “going out”

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

On the evening of November 2^nd, the "Bank of China Night” was held in Tianjin. It was hosted by CHINA MINING Organizing committee, organized by Bank of China . Mr. Wang Min, the vice minister of Ministry of Land and Resources, Mr. Cui Jindu, executive vice mayor of Tianjin, Mr. Yue Yi ,vice president of Bank of China have delivered speeches respectively. Mr. Wang Min said, it was necessary to establish a relatively completed financial system to help mining enterprises “going out”.

Mr. Wang Min reviewed the development history of China’s minerals such as petroleum, gas and gold, then he said, as prospecting was more and more difficult currently, we should consider how to further balance the mechanism and system, and how to release the market vigor, especially how to use the capital and technology to its full capability, how to establish a relatively completed mining financial system to help mining enterprises “going out”.

According to the introduction by Mr. Yue Yi, in the recent years, the recovery of global economy has grown tortuously, the pressure of mining industry downturn has increased consistently, however, the mining industry was still the pillar of the real economy, and mining market was still one of the most prospective future markets. As China’s economy arising, China was speeding up the pace of stepping into the mining industry globalization and playing a vital role which was commensurate with its status in the exploration and development of the world mining resources. China would get together with the companions in domestic and overseas to establish and complete a sound interactive mechanism for mining production and consumption, promote stability and prosperity of global mining industry and steady recovery of global economy.

Mr. Cao Yuanzheng , the chief economist of Bank of China said in the forum that since the last year, the price of the minerals have dropped evidently, the investors have greatly lessened their interests in mining stock, and the level of estimation has lowered for the reasons that the global economy was still fatigued and weak, the prediction of quantitative relaxed policy quitting has continuously heated up and the demand for new market has obviously slowed down as well as the energy technology revolution. Moreover, the quitting of quantitative relaxed policy in developed countries might bring remarkable financial risk for mergers and acquisitions of some enterprises in global mining field, more operating challenges facing by global mining would make mining financing more urgent.(Cheng Xiujuan) (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: www.chinaminingtj.org.

Mining industry development should focus on entities
---Tan Yaling, President of China Forex Investment Research Institute & Senior Researcher of Bank of China, analyzed the disadvantages of over financialization

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

The over financialization of mining industry had aroused worries from members of the economics profession.

“Although resources rates had been already included in international finance, we still could not forget that the foundation of finance is from entity economy”. Tan Yaling who is the President of China Forex Investment Research Institute & Senior Researcher of Bank of China said. She reminded members of mining industry in her speech themed on New features and Tendency of International Economic Environment in CHINA MINING 2013.

What we need is investment not speculation. “Developing entities, focusing on entities and making entities stronger are our ways” She said.

Don’t blindly look down upon developed entities

“The theme of CHINA MINING 2013 is opportunities, challenges and development. The ability of identifying is what we need first of all.” Tan Yaling said. The key points are how to identify economic environment and tendency, how to find opportunities and how to capture our reform and development.  

Blindly talking about opportunities will lose our sovereignty and our own thoughts, which is very bad for our development. So what’s the new features of international economic environment? It is basically stable in Tan Yaling’s point of view.

Where are the basic elements of stability? Tan Yaling said these elements were the influence and leading force of developed countries. Remarks on the internet were very simple, which were mainly about that the developed countries had already lost its power but the developing countries were in very good condition in terms of the speed of increasing. The economy of developed countries increased by 1%-2% and that of developing countries 4%-14%.  

However, Tan Yaling warned that we should remember that developed countries were powerful and strong and developing countries just had scale and speed. Therefore, to analyze international economic environment not just according to growth indicator but also relying on economic power. 

“Take America as an example, although the growth indicator of American economy is weak and not as high as China, America is a powerful and strong country.” Tan Yaling said. Economy of America takes up 25% of world economy, but this figure is not very accurate. If taking the advantage of dollars, it will be 70%-80% of world economy. 

So, how on earth is American economy? We cannot judge it by remarks of online media. The energy of America is planned by strategy and driven by upgrading and updating. “Economy of America which is familiar to us is very different with real economy of America. In an era of industrialization, which level does America stay in? America is re-industry, whose basics are Nanotechnology, robot technology and shale gas technology.” Tan Yaling said.

Tan Yaling said that China was in the middle of industrialization. What were the features of Chinese industrialization? They were processing, raw material processing, deep processing, which had no comparison with economy of America and development was not in the same level and stage.

“So in this perspective, the stability of economy of America is very important to global economy.” Tan Yaling said. The new energy strategy of America has updated America. America has transformed into oil-producing and oil-exporting country. Its oil external dependence has greatly decreased but Chinese oil external dependence is greatly increasing. So, in the same condition of high-increased oil price, what America is facing is deflation and what China is facing is inflation.

That mining industry had been involved in finance resulted in confusing the primary with secondary

“As we all know, mineral resources were in the field of production originally not in the field of commodities and trade. However, the mineral resources that we are familiar with and keen on are connected with finance and pricing and quotation of dollars” Tan Yaling said. 

“What I understood about finance in the past is limited in property. Now we need to further understand international finance. The range of finance had expanded to production from property and then expanded to the whole industry from production. Mineral resources was involved in international finance in 1999." She said.

In Tan’s opinion, the negative effect of over financialization of mining industry has appeared. She took steel industry as an example.

Steel industry was the greatest industry in our country before, but now it appeared excess capacity. It was said that steel industry in our country lacked choice steel products. Tan Yaling thought producing choice steel products was the main direction of steel development. However, we didn’t try our best to do research on steel development but spared a lot of efforts on investment, futures and speculations to get extravagant profits, which obviously has no way out. 

“Steel industry should focus on steel, and finance should be auxiliary.” Tan Yaling said. Getting extravagant profits from relying on finance excessively will definitely result in confusingtheprimarywithsecondary.

“We are in an era of excess liquidity. The main features of excess liquidity are heavy investment and crazy speculation. Only wanting to get profits quickly, getting out of national conditions and greatly disobeying international rules are risks to us not opportunities. The most important risk early warning is controlling force. It is vital for a country’s development to have controlling force.” Tan Yaling said.

“How many Chinese investors and entrepreneurs are studying exchange rate? How many of them really understand exchange rate? They are our blind points and weak points, which completely deviate from our expectation of letting RMB go overseas market. From this perspective, it is very important for our development to see currency qualification.” Tan Yaling said.

“There are not enough entities in China, which is our fatal weakness. Lacking the industry chain of entities is our biggest drawback.” Tan Yaling said. She thought our current goal was to develop entities, let quantity and speed become choices or famous brands and change productivity to creativity .Thus, hope and future of China would come.

Tan Yaling also gave some strategic suggestions to delegates about China’s overseas investment rush------

Investment skills: “Chinese Dama” defeated Walt Street? What did Chinese Dama buy was gold in the market? What did Walt Street buy was futures gold? Our gold investment is real gold, but 90% of trade of international investor giants and Walt Street is futures gold.

Investment strategies: We only study price and always want to go bottom fishing when the price drops. Which is more important, price or value or strategy? Chinese investors are very simple. The rich are the investors. What they rely on are wealth, capital and scale. However, investors could be the people without much money in western countries,. What they rely on is technology, profession, strategy and experience.

Investment ability: When China makes investment overseas, it needs investment in its own country. As we all know, medium and small enterprises need investments, countrysides need investment, and everyone’s social security systems needs investments as well. (Li Ping) (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: www.chinaminingtj.org.

The program of CHINA MINING 2013 was confirmed

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

Recently, the reporter learned that CHINA MINING 2013, which would be held on Nov. 2nd to 5th in Tianjin Meijiang Convention and Exhibition Center, had been approved by the State Council. After consultation between The Ministry of Land and Resources and Tianjin Municipal People`s government, the general assembly scheme was determined.

The theme of this year is “Opportunity, Challenge, Development”. Related official said that the slowdown of global economic recovery lead to the increasing of downward pressure on the mining situation. Mining industry should be accurate to the situation at home and abroad, deeply grasp the macroeconomic structure adjustment, transformation and upgrading of the mining. We should strengthen confidence, meet the challenge, actively strengthen pragmatic exchanges and cooperation in the field of mining and jointly explore new mining development power and space to promote long-term sustainable growth of macroeconomic and the development of mutually beneficial and win-win international mining industry.

There are lots of highlights this year. Firstly, the Chilean embassy is added as the international financial organization. Secondly, the new method of the most excellent appraisal has been confirmed. In the new approach, the "China international cooperation of mining award" changes its name to "the most Excellent awards of CHINA MINING "; Expand the scope of awards, Including the mineral resources’ exploration and development in China, foreign and Sino-Foreign cooperative enterprise and project at home and the Chinese Sino-Foreign cooperative enterprises and projects abroad; Clear the social organizations as the main audit body. It plans to set up a review committee, and an awards office in China Mining Association. There are two measures ---self-declaration and limited recommendation of China Mining Association to declare. The “Awards Dinner” has been adjusted to “Awards Party”. There will be performance on the party, and the “Cooperation Project signing ceremony” has been canceled. In addition, from next year, the meeting will be held on the last Saturday in October.(Wu Gang) (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 2013 will be 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: www.chinaminingtj.org.

CHINA MINING 2013 will hold Junior Mining & Exploration Investment Forum

Source: www.mlr.gov.cn  Citation: www.chinamining.com.cn  Date: July 4, 2013

Although last year`s global mining and metals industry mergers and acquisitions and financing activities decrease, mining enterprises in China are still facing good opportunities for overseas M & A. CHINA MINING, the largest event in Asia will be in fifteenth this year adding “ Junior Mining & Exploration Investment Forum ”. During the meeting, A large number of high-quality overseas primary exploration projects will meet with Chinese investors so as to build a high-end platform for Chinese enterprise internationalization. 　　

In the current international market, junior mineral exploration enterprises with high flexibility, rapid implementation of prospecting idea and financing ability in the venture capital market, plays a more and more important role in the exploration stage. According to the survey of the relevant departments in Canada, In recent years, 80% key findings are completed by the junior mineral exploration enterprises. While the exploration and prospecting need to invest a lot of money. Therefore, in the capital market, these junior exploration companies are often not continuous and stable operating performance and cash flow, even the main property is only the right of prospecting. 
 
Exploration investment can’t raise money in a traditional way. High risk of overseas mining investment makes overseas exploration activities of enterprises difficult to obtain commercial financing. In the economic downturn, financial institutions hope to obtain high-quality assets. And the enterprise project unless the competitive, it is difficult to obtain financing.   

In the international market, the current global mining capital market suffered serious losses, whether it is Australia, Canada and South Africa, all kinds of mining enterprises financing are in a dilemma. It’s revealed by Wang Jiahua, Executive Vice President, China Mining Association, in this year’s Prospecting Conference that overseas exploration company and mineral company market value has shrunk, most companies have fallen by around 70%, and some even dropped 90%. 

According to the analysis, it is a good time for overseas mining investment: the current international metal prices are low; Most of the survey findings come from junior exploration companies in recent years, and in the late stage of exploration, the financing demand will be more intense. At the current low level of metal prices, the financing difficulty of primary exploration enterprise will improve a lot. The intervention at this time will make the overseas mining investment cost much lower. In the meanwhile, the global exploration investment reached a record high; New mines will be increased; Financing needs will be more strongly. China`s implementation of the "going out" strategy for 10 years has accumulated rich experience in overseas mining investment. It is "time to go".  

Globally, the supply of mineral resources is unlikely to entirely self-supply to ensure the needs of the national economy. Global allocation of mineral resources is the international access mode. CHINA MINING 2013 will be devoted to open overseas primary exploration investment performance, and the attendance of various financial institutions will provide more financing opportunities. Coupled with the downturn of global economic market and capital market, all countries under the situation of the shortage of funds and investment index dips, should look forward to the new investment than ever. This will create more opportunities for overseas investment of Chinese enterprises.

Then, the mining government and associations, famous experts as well as the experts in capital market and financial institutions will exchange ideas about the topics such as "International Primary exploration and capital", "small and medium-sized mining enterprises investment". They are committed to helping outstanding mining enterprises to understand the policy, docking project and provide strategy in the world mining industry competition so as to form the effective mechanisms of the primary exploration and capital docking. In the forum, participants can also make direct negotiation with the project and its departments; "one-stop" to obtain related services of investment and support policy information. (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 2013 will be 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: www.chinaminingtj.org.

Wang Min Met with Olyphant, Vice Minister of South Africa
Mineral Resource Department

Source: www.mlr.gov.cn   Citation: www.gtzyb.com  Date: Jun.25^th, 2013

On the afternoon of June 24th, Wang Min, Deputy Minister of the Ministry of Land and Resources of China met with Olyphant, Vice Minister of South Africa mineral resources Department and his group in Beijing.

Wang Min pointed out that since China and South Africa are both BRICS and the world’s mining giants, it is important to strengthen the cooperation in the field of geology and mining. In recent years, China implemented the strategy of prospecting breakthrough action in domestic, increased the degree of mineral resources security, and actively supported the enterprises to go out to explore and exploit the mineral resources. Also China welcomes the mining enterprises of South Africa to have investment cooperation in China.

Wang Min reviewed the cooperation processes in the field of geology and mineral resources between the two countries in recent years. He pointed out that The Ministry of Land and Resources and South Africa’s Mineral Resources will keep friendly cooperation relations continuously. For the next step of cooperation, Wang Min put forward several suggestions: To further perform the Memorandum of Understanding of the governments in the field of geology and mineral resources, to further the cooperation; to build new mechanism and explore new ways, to make the mineral resources development more orderly and efficiently; to further strengthen geological survey, geological scientific research, the disaster prevention and cooperation on other scientific fields. Through the pragmatic cooperation, under the overall framework of china-Africa cooperation, we will create new highlight of cooperation, achieve mutual benefit and common development.

Olyphant introduced the mining development in South Africa, thought South Africa and China’s mining cooperation prospect better, the two countries  still should further strengthen pragmatic cooperation. Both sides also discussed about the cooperation matters.

The related departments, head of the China geological survey attended the meeting. (Ding Quanli) 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 2013 will be 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: www.chinaminingtj.org.

The International Gold Mining Conference 2013 was held in
Zhaoyuan, Shangdong, China

Source: www.mlr.gov.cn   Citation:www.chinamining.com.cn  Date: June 24, 2013

What is the future trend of the gold price? How can the gold companies cope with the gold price volatility? What are the advanced technologies in the gold exploration and development? Gold mining giants from home and abroad, governments and mining authorities of the emerging economics, mining investment and financial institutions, leading consulting firms, technology and equipment providers recently gathered in Zhaoyuan to discuss the sustainable development of the gold market.

The International Gold Mining Conference 2013 was held in Zhaoyuan, Shangdong,, China on June 20 and 21, 2013. Wang Jiahua, Executive Vice Chairman of China Mining Association and Zhang Yongtao, Vice Chairman of China Gold Association attended the conference and delivered a speech.

"The golden period of global mining is not over, China`s urbanization and industrialization has not been completed, the demand for mining industry is very strong, we have confidence." Wang Jiahua expressed that though the price of gold will be affected by the recovery of US dollars, it will not fall into the bottom. The situation now could be said to be a tangle, while the hedging function of gold is unique.

At the meeting, more than 40 industry experts delivered keynote speeches on the five topics around 2013 global gold mining industry and market trends, gold and precious metals market analysis, gold mining finance and capital markets, gold mining company`s development strategy, advanced technology and innovative solutions in the gold mining industry and etc..

Among them, Albert Cheng, Managing Director of the Far East section of the World Gold Council made a keynote speech of "World Gold Mining Investment Markets and Trends," Lu Dongshang, Chairman of Shandong Zhaojin Group shared his understanding on the way to deal with price volatility to the gold enterprises. Lan Fusheng, Vice Chairman of Zijin Mining Group briefed participants the overseas mergers and acquisitions strategy of Zijin Mining.

Godfrey Oliphant, Deputy Minister of Mineral Resources Republic of South Africa and Mavis Sibanda, Minister Counsellor of the Economic and Commercial Affairs, , Zimbabwe Embassy of China attended the conference and introduced the mining investment environment of their country. (Edited by: Yang Zhifeng, Zhang Li)
 （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 2013 will be 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: www.chinaminingtj.org.