The Top Three Mining Giants to Join the China Spot Iron Ore Trading Platform
Source: Portal Website of the Ministry of Land and Resources Citation: China Land and Resources News Data: March 29, 2012
In recent days, relevant leading official at China Iron and Steel Association (CISA) stated that the top three mining giants - BHP Billiton, Rio Tinto and CVRD will join China Spot Iron Ore Trading Platform, which is scheduled to be put into trial operation on March 29 and start actual trade on May 9. The platform is for imported iron ore trade for now, excluding trade in iron ores produced in China. (By Zong He) (Previously, the world’s No. 4 mining company - Australia-based FMG already signed the market access agreement with China Beijing International Mining Exchange (CBMX), officially becoming a sponsor member of China Iron Ore Spot Trading Platform and the first overseas mining company to join the platform. The platform was jointly launched on January 16 by CISA, CCCMC and CBMX in Beijing. It will be helpful for China to secure a say on pricing in iron ore international trade.)
China Mining Congress and Expo 2011 attracted over 5000 delegates, exhibitors and visitors from 55 countries and regions, increasing by over 650 people as compared to the last session. There were 382 domestic and foreign exhibitors, increasing by 38% as compared to the last year. The exhibition area amounted to 25000 square meters, more than doubling that of the previous session, with 1,050 standard booths, increasing by 65% compared to the previous session. There were a total of 23 forums and 7 projects shows held with 425 promotion and negotiation projects introduced by the congress, increasing by 32.8% as compared to last year. At the project signing ceremony, 55 projects were signed, amounting to RMB15.7 billion, increasing by RMB 4 billion and by 34% as compared to the previous year. More than 40 foreign VIPs including 23 mining ministers and vice ministers as well as ambassadors in China from 18 countries and regions such as Australia, Canada, South Africa, Angola, etc. attended this session of the congress. Meanwhile, the congress attracted more than 100 medias and over 200 journalists from home and abroad to cover the congress. In terms of number of delegates and scale of exhibitors and booths, the CM2011 all topped the previous sessions, ranking the world’s premier mining congress and expo..
CHINA MING Congress and Expo 2012 will be held at Tianjin Meijiang Convention and Exhibition Center on November 4-6, 2012 (Expo. will be opened on 3rd pm Nov., 2012). We invite you to join the event and to celebrate the 14th anniversary of CHINA MING with us. For more information about CHINA MING 2012, please visit:www.chinaminingtj.org
