Keynote session of CHINA MINING 2015 launched
---Looking for new track of mining development under new normal
Right after the opening ceremony of CHINA MINING Congress and Expo 2015 on October 21, 2015, Mr. Peng Qiming, chief engineer of Ministry of Land and Resources, presided the keynote session of 2015 CHINA MINING with industry leaders and economists giving their speeches on “New Normal, New Opportunities, New Development”. They shared and discussed their ideas on the current situations and trend of global economy and mining development.
Mr. Si Xinbo, Deputy General Manager of Silk Road Fund and former deputy president of National Development Bank Qinghai Branch, indicated that against the gloom period of mining development, mining fields was facing many challenges and difficulties for the global economy undergoing deep adjustment. History shows that there is a close link between global economic situation on the one hand and the distribution areas and utilization of mineral resources on the other. Conversely, the development of global economy also exerted significant impact on the up-and-down of mining industry. He figured that global mining industry has boasted several protruding features. First of all, there is an continual gloom in mining industry without any sign of re-rising. Next, the global mining industry and prospecting industry have enlarged from the conventional mining giants to some resource-abundant developing countries. Then, the higher level of environment protection standards and social responsibility has increased the cost and technological pressure for mining investment and cooperation. Finally, along with the gloom of mining industry, the supervising of mining industry has appeared loosing, which has encouraged more and more international emerges and acquisitions.
Mr. Li Shanquan, Vice President & Senior Manager of Oppenheimer Funds, expressed his opinions on Chinese enterprises going globally from the perspectives of the special features of mining industry and investment, challenges and opportunities of Chinese enterprises going globally and relevant suggestions for Chinese enterprises going global. He remarked that mining industry boasted the long-term features, typical of the long-term project, the long period of investment and the long-term of the industry itself, which was attributed to the restricted feature of resources. What’s more, there were no special characteristics of mining enterprises.
Therefore, it was hard for mining enterprises to compete in terms of innovation except for resources quality and management levels. Lots of enterprises were emerged for rich resources without scale-benefit. In addition, the special feature of mining industry also could be found at the pricing procedure. The prices was not set by a single producer or user in that they must accept the price set by the global market.
Mr. Chen Jinghe, chairman of Zijin Mining Group Co., Ltd, argued that, currently, mining industry was lingering with the gloom period with no one knowing how long will this period last. In his opinions, China’s development was growing at a low speed while the industrialization has basically entered the ending phrase and the tertiary industry was to play a major role in China’s development, all of which were not so well for the mining industry. China’s mining industry boasted congenital disadvantages with small mining scale, low mineral grade, tougher prospecting difficulties, and less commercialized. Even some big enterprises were not as powerful as they seemed. Therefore, under new normal, China’s mining industry must keep alive firstly and then seek for development. It also should control the cost, reform and adjust the industry system. (Liu Xiaohui)
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 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.
