Belt and Road Initiative opens opportunities for Chinese gold miners
Source: www.chinamining.org Citation: chinadaily.com.cn Date: October 22, 2015
Despite its current downfall from a capital strike with low funding, the mining industry will become an important area as the Silk Road Fund will put its focus on and give financial support.
During a forum in Tianjin titled CHINA MINING Congress and Expo 2015, Si Xinbo, executive vice president of the Silk Road Fund Co., Ltd, said the Silk Road Fund can participate to the cooperation in mining industry, providing support in the most effective and efficient way.
Mining industry is now facing huge downward pressure but the situation also gives mining companies great opportunities for consolidation and acquisition,¡±said Si, adding that the Silk Road Fund helps realize that through its insistence on market-oriented operation and focuses on mid and long-term investment.
The senior executive said mining is a typical capital-intensive industry that needs large amounts of investment in each aspect of its cycle. From exploration, mining to production and processing, the Silk Road Fund can provide necessary financial support to mining companies helping them develop assets and make overseas acquisitions.
The $40-billion Silk Road Fund, set up in December 2014, supports a wide range of areas including infrastructure construction, which improves connectivity across the regions involved in the Belt and Road Initiative, oil and gas industry, new energy as well as the mining and metal industries.
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 is held at Meijiang Convention and Exhibition Center in Tianjin on October 20th-23rd, 2015. We invite you to join the event and to celebrate the 17th anniversary of CHINA MINING with us. For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.
