BOC International calls on common community of mining development
The global economy still remained at the complex processes of readjusting and re-balancing with the overall situation in conserved recovery trend while different economies in splitting tracks. Against such background, to deal with the periodic economic fluctuation and competition, it was a must for global mining enterprises to reduce the production capacity and expenditure, to accelerate assets reset and main business transform and to better input-output ratio so as to ease benefits pressure and increase production and competitiveness, laying a foundation for the next round of economic change. At the same time, with the moderate growth rate of China’s economy, the putting forward of Belt and Road Initiative has blazed new developing space for mining development of China and the countries along the Belt and Road areas.
On the forum of CHINA MINING Congress and Expo 2015, Madam Li Tong, CEO of BOC International Holdings Limited, pointed out that the implementation of Belt and Road Initiative would push forward the opening and emerging of Asia-Pacific region as well as the new round of reform and opening-up of China, and would also ensure sustained increasing of cross-border commerce between enterprises of China and the countries along the Belt and Road areas, facilitating the demands of cross-border resources allocation, investing and financing, information dealing, risks management and encouraging mechanism. The above changes would launch new requirements for financial reform within the area and blaze new opportunities for profound development of the finance with the region.
In Li Tong’s opinions, the launching of Belt and Road Initiative offered a strategic platform for the collaborative development of mining enterprises of different regions. A Common Community of Regional Mining Development should be built up along the Belt and Road influenced areas so as to form an complete industrial chain of mining industry cooperation. She also called on that we should build a regional negotiation organization so as to make overall arrangements in terms of mining industry production, trade and investment policies within the region to speed up the distribution of production factors of mining industry, increase the efficiency of mining resources allocation, maintain the economic benefits of mining industry and the whole within the region, giving birth to an international mining industry market within this region which can impact the pricing of international mining industry and the setting of trade principles so as to build a justice and reasonable international economic, trade, investment and financial order.
As the major platform for BOC to carry out bank investment business, BOC International has long been focused on mining industry development and industry integration with China and beyond and tried its best to become a global and integrated financial platform which can provided necessary capital support for mining enterprises. BOC International has assisted the launching of IPO in Hong Kong for China National Offshore Oil Corporation, China Gold International Resources Corp. Ltd., HNG, Xinjiang Xinxin Mining Industry Co., Ltd., Lingbao Gold Co., Ltd., Canada Sunshine Oil Sands, UC RUSAL, and CAA Resources Malaysia. BOC International has also accomplished some mile-stone projects in mining industry market. For example, as the financing assistant, BOC China helped China Minmetals Co., Ltd purchased the Las Bambas cooper mining project, and as the arrangement bank, BOC International helped JinChuan Group Co., Ltd purchase an listed corporation and reset the Metorex.
BOC International leads the Chinese financial circle in field of global commodity. Currently, BOC International has been authorized the accounting memberships by London Metal Exchange, Europe Intercontinental Exchange, Chicago Board of Trade, New York Mercantile Exchange and New York Metal Exchange. In 2015, BOC International along with Bloomberg News published the “BOC International Oil Index”, the first Chinese financial institute to publish the international bench mark. BOC International has also accomplished the first RMB pledge transaction in London Metal Exchange since London Metal Exchange started this business. (Li Ping)
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.
