Jinyun news: on October 22, 2020, China Mining Conference and Exhibition 2020 (the 22nd session) (hereinafter referred to as "CHINA MINING") was held in Tianjin. The important activities of the event include the opening ceremony, online cloud negotiation, enterprise video exhibition, theme forum, symposium, country promotion, projects promotion and online exhibition.
The Hon. Zhong Ziran, director-general of China Geological Survey(CGS)，
presided over the theme forum of CHINA MINING 2020.
The theme forum was presided over by the Hon. Zhong Ziran, director-general of China Geological Survey. It focused on "Responsibility, Innovation, Governance", and invited 6 guests from home and abroad to give wonderful speeches on topics and fields such as "financial investment, international cooperation in mining industry, capital market", etc.
He Wenbo, executive chairman of China Iron and Steel Association (CISA),
delivered a speech in the theme forum of CHINA MINING 2020.
He Wenbo, executive chairman of China Iron and Steel Association (CISA), delivered a speech entitled "Steel and mines join hands to promote the recovery of world economy". He described that since the beginning of this year, China has overcome the epidemic situation of COVID-19, and the economic recovery has brought restorative growth to iron and steel enterprises and brought positive changes to iron ore exploration and development. He said that the iron and steel industry is closely related to mining industry and has a common mission and responsibility in green development. In the context of world economic recovery and high degree of uncertainty, it should jointly shoulder the responsibility of maintaining the long-term stability of the industrial chain and supply chain and realizing green development, increase innovation and cooperation in technology and business models, and further jointly improve the iron and steel mining industry The governance level of the industry chain promotes mutual benefit and win-win situation, and provides green power for world economic recovery and growth.
Feng Guiquan, deputy general manager of Aluminum Corporation of China (CHINALCO),
delivered a speech in the theme forum of CHINA MINING 2020.
Feng Guiquan, deputy general manager of Aluminum Corporation of China, made a report entitled "Bravely shoulder the responsibility and mission, innovate green development, and build a new pattern of mining dual cycle". He analyzed the major changes in the global mining pattern under the background of the epidemic situation of COVID-19, and put forward constructive suggestions. He said that mining is the pillar industry of developing countries, the global demand for mineral resources will continue to grow, and China's high demand for bulk commodities will continue. With technological advancement and industrial upgrading, the adjustment of the mining structure is deepening and strategic emerging industries continue to grow, and the demand for emerging mineral resources is accelerating. The reshaping of the global mining pattern is both a challenge and an opportunity. We should firmly establish the mining concept of openness, inclusiveness and sharing, build a mining community of shared destiny, strengthen international cooperation and exchanges, actively participate in the international mining market competition, increase mining investment in key countries and regions, and promote the rational layout of global resource development. We should adhere to the rational use of resources in mining development, innovate green development, jointly build a new dual-cycle mining pattern, and share mining development opportunities and achievements.
Lin Jingzhen, executive director and vice president of Bank of China Limited,
delivered a speech in the theme forum of CHINA MINING 2020.
Lin Jingzhen, executive director and vice president of Bank of China Limited, delivered a speech entitled "Practicing the responsibility of a state-owned bank and creating a win-win situation for mining, banks and enterprises". He analyzed and predicted the future trend of mineral prices and shared his experience and judgment, expounded the positive role of Bank of China as an important financial institution in supporting and serving Chinese enterprises to participate in international mining investment cooperation. He said that in the medium and long term, with the acceleration of mergers and reorganizations of domestic steel companies, the gradual establishment of the RMB pricing mechanism for iron ore transactions and the realization of the price function of the futures market, iron ore prices will stabilize and decline in the future in the field of basic metals. As the global economy gradually adapts to the new normal of the epidemic situation of COVID-19, the price of base metals has rebounded to a high level during the year. Looking ahead, we expect the volatility of copper prices to continue to remain at a high level. He suggested that we should establish an international management team, master the host country’s policies, steadily responds to complex issues such as communities, strikes, and the environment, and pay attention to long-term financial arrangements for mergers and acquisitions. After large-scale mergers and acquisitions are implemented, we should arrange listing or levy as soon as possible to lock in the costs of future mineral product prices and interest rates and exchange rate fluctuations. At the same time, he suggested that financial companies should make precise efforts to provide better financial support for mining companies and upstream and downstream companies to build a boutique mining bank.
Song Lei, chairman of the China-Africa Development Fund (CAD Fund),
delivered a speech in the theme forum of CHINA MINING 2020.
Song Lei, chairman of the China-Africa Development Fund (CAD Fund), gave a report entitled "High quality development of China-Africa mining cooperation in China's overseas mining investment Cooperation". He analyzed the characteristics of African resources, the trend of mining development, and the experience of China-Africa mining investment. As for how to promote the development of China-Africa mining investment in the future, he proposed that China-Africa investment cooperation in the mining sector has good complementarities. Affected by the epidemic situation of COVID-19 this year, the global economy fell into recession, but China's economy took the lead in recovering positive growth in the global epidemic situation and stood out among the world's major economies, demonstrating once again its strong development resilience. China's open investment cooperation will play a more important role in maintaining the development of the global mining market. Chinese companies can further utilize their advantages on the existing basis to help Africa find a sustainable and developable balanced development path, and realize mutual benefit and win-win situation. The complementary advantages of China-Africa economic and trade cooperation will exist for a long time, and China-Africa mining investment cooperation has a brilliant future.
Xu Feng, chief representative of BMO Nesbitt Burns China,
delivered a speech in the theme forum of CHINA MINING 2020.
Xu Feng, chief representative of BMO Nesbitt Burns China, gave a speech entitled "Seize the opportunities, meet the challenges, and help Chinese mining enterprises in overseas investment and M&A", introducing the important trends and characteristics of global mineral product market and stock market and global M&A market since the outbreak of the epidemic this year, and also providing important suggestions for Chinese companies to go out and participate in international mining investment cooperation. He said that going global is a key component of the development of Chinese mining enterprises. China occupies a large share of global metal consumption and global smelting and refining capacity, and is very dependent on overseas imports. The guarantee of resources is very important to China’s economy, especially metal smelting and refining. In the domestic and international dual-cycle economic model, it is particularly important to reduce the bottleneck of resources and energy, although in the past ten years, a number of successful overseas mining acquisitions have made Chinese companies become active participants in the global market, but in a broader field, the road of going out is still a long one.
Tom Attenborough, head of international business development of primary market at
London Stock Exchange Group (LSEG), delivered a speech (video presentation)
in the theme forum of CHINA MINING 2020.
Tom Attenborough, head of international business development of primary market at London Stock Exchange Group (LSEG), made a report on "Experience sharing of financing methods for mineral exploration project in capital market ", introducing many examples of London Stock Exchange's support for international mining companies to carry out mining investment cooperation. He said that this year was full of challenges. The world economy slowed down in the first half of the year, and bulk commodities were affected by price fluctuations. The market revived in the second half of the year. The mining industry is also recovering. Gold is still at the forefront of the recovery of the mining industry this year. In view of the important role of Chinese companies in the mining industry, he believes that the London Stock Exchange will play an active role in the future and seize the opportunity to provide financing for Chinese companies.(Reporter/Chen Runing) (Translated by Tianjin Minexpo)
About CHINA MINING
China Mining Conference and Exhibition (CHINA MINING) is officially supported by Ministry of Natural Resources China. Since first held in 1999, CHINA MINING 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 survey and evaluation, exploration and mining, techniques and equipment, investment and finance, trade and services, etc., playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
China Mining Conference and Exhibition 2020 will be held in Tianjin China on October 22-24, 2020. We invite you to join the event and to celebrate the 22nd anniversary of CHINA MINING with us. For more information about CHINA MINING, please visit: www.chinaminingtj.org
