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Platinum price surpasses the gold’s; gold investment may be
negative for the first time in thirteen years

Source: www.mlr.gov.cn   Citation: www.chinamining.com.cn   Date: Nov.25, 2013

The constantly declining price of gold could make gold investment income negative for the first time in 13 years.

Since this year, the price of gold had fallen by more than 20%. In the precious metals, except for a big drop in gold and silver, the price of platinum and palladium did not show obvious signs of decline and at present, the price of platinum had exceeded that of gold.

Citigroup recently released a report that the average price of gold in 2014 is expected to be at 1255 U.S. dollars per ounce. And the price of gold would fall sharply this year for market expectation on Federal Reserve starting to cut loose policy, but the vehement demand from China would give the gold price support to some extent. However, in precious metals, it would be particularly optimistic on the prospect of the palladium price.

Citibank said, it was expected that the palladium investment demand would continue to rise, promoting the palladium price close to 900 U.S. dollars per ounce before the end of 2014. And the average price of palladium would be at 850 U.S. dollars per ounce during 4^th quarter in 2014.

Citibank said that the average price of platinum was expected to be at 1525 U.S. dollars per ounce during 4^th quarter in 2014. And compared with the current price level, it would rise by about 5%. The platinum price was forecasted to be at 1500 U.S. dollars per ounce in 2014.

Previously, the report on the trend of gold demand during 3rd quarter in 2013, published by the World Gold Council, showed that the overall demand on gold was nearly 869 tons in 3^rd quarter in the world and this was 21% year-on-year decline. Since this year, the gold demand in the world fell by 12% in year-on-year state, and the decline in demand was mainly due to the considerable reduction in the gold ETF holding.

Since American economy showed obvious warmer signs, investors expected that the USA quantitative loose policy would exit beforehand and so, they reduced the ETF position. The data from the World Gold Council showed that after the gold ETF reduced 402 net tons in the 2^nd quarter, the gold ETF in 3^rd continued to reduce to 119 tons’ position. And in the first 9 months of this year, the gold ETF reduced nearly 700 tons.

Up to now, in terms of the world’s largest gold ETF(Exchange Traded Fund) ——SPDR Gold Trust GLD, its gold holdings were reduced to 863 tons and hit the lowest once again since February 2009.

The Federal Reserve’s monetary policy was still the biggest factor that influenced the gold market. Both organizations and individual investors, the concern about the uncertain increase in interest rates from the Federal Reserve also deepened the worry about the trend of gold. And this had a direct impact on the changes in the holdings of the gold ETF as well as the physical gold demands from Asian investors.

However, Bernanke, the Federal Reserve Chairman, said recently that if necessary, the Federal Reserve would still maintain the ultra loose monetary policy. And only with a guarantee that the job market continued to be improved, would the Federal Reserve begin to cut debt purchase. Even if the unemployment rate dropped to below 6.5%, the federal funds rate also may still be maintained at near zero.

Bernanke also pointed out, the target of the 6.5% unemployment rate was only a threshold, not the trigger mechanism for increasing interest rates. And in judging the employment market prospects, the cumulative progress since September 2012 and the future prospects in continuous improvement would be taken into account.

However, the comments on backing the loose policy from Bernanke did not bring temporary buying for the already weak gold market. The analysis from the standard bank showed that only with a physical gold demand in short-term could not propel the gold price to continuously rise. The main reason was that the expectation on Federal Reserve’s exiting from loose policy continued to rise in the market.

What is noteworthy was that the holdings outflow rate of gold ETF had obviously slowed down compared with that of the first half of the year. The latest report from Deutsch Bank showed that the price of gold would rise in short-term if the outflows rate on gold ETF fund slowed down or was gradually stable. But the gains would be very limited, and the prospect of gold price was not optimistic. (Yang Liuhan) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China’s first discovery of gold in sulfur-nickel-cobalt ore

Source: www.mlr.gov.cn  Citation: www.gtzyb.com   Date:Oct.11, 2013

Recently, the Armed Police Gold team discovered a new type of gold bearing mineral, namely, sulfur-nickel-cobalt ore at a copper-gold deposit located in Jinchang, Heilongjiang Province. As the first of its kind in the world, this discovery filled the blank in gold prospecting field.

The useful elements in sulfur-nickel-cobalt ore are cobalt and nickel. The two elements are important raw materials for the production of heat-resistant, hard, anti-corrosion, magnetic alloys, and important strategic materials widely used in aviation, aerospace and machinery manufacturing.

Sulfur-nickel-cobalt ore, as the gold bearing minerals, mainly lies in the deep part of porphyry ore body in which the average purity of natural gold is generally higher than that in other gold bearing minerals. The studies prove that gold can also be mineralized in high temperature and deep-layer environment, bearing a strong theoretical and practical guiding significance in widening the gold prospecting work.

Jinchang mining area, located in the southeastern part of Heilongjiang Province, was a super large gold deposit exploration base and a key scientific research base of the Armed Police force of gold. At the end of the 20^th century, the Armed Police Gold team entered the mining area and currently explored 23 ore bodies with industrial value and 4 mineralized bodies and proved more than 80 tons of gold reserves. Research results showed that the deep part of copper-gold deposit still had a fairly bright prospecting future and the scale of the ore deposits can be further expanded. (Zhao Hongliu / Yu Tao) (Translated by TLRHVC)

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 2013 will be held at Meijiang Convention and Exhibition Center in Tianjin on November2-5, 2013. We invite you to join the event and to celebrate the 15th anniversary of CHINA MINING with us. For more information about CHINA MINING 2013, please visit: www.chinaminingtj.org.

Iron ore surplus seen shuttering China mines

Source: www.chinamining.org   Citation: China Daily   Date: May.09, 2014

Imported iron ore is unloaded from a vessel in Nantong, Jiangsu province.

New, cheap supplies from Australia, Brazil pushing global prices down   

Surging global supplies of seaborne iron ore will challenge Chinese producers of the raw material for steel, probably forcing some higher-cost capacity in the country to close, according to BHP Billiton Ltd.
   
The gain in global production is being led by Australia and Brazil and their new, low-cost output will displace marginal suppliers in China, Michiel Hovers, vice-president of iron ore marketing at BHP, told an industry conference on Wednesday.
   
Vale SA, the world`s biggest iron ore producer, plans to raise output by almost 50 percent by 2018, Claudio Alves, global director of marketing and sales, told the gathering in Singapore.
   
The biggest producers, including Vale, BHP, Rio Tinto Group and Fortescue Metals Group Ltd, have invested billions of dollars to expand output, betting on sustained growth in demand from China, the biggest buyer. Iron ore fell into a bear market in March amid forecasts for a global glut.
   
Fortes cue wouldn`t cut output even if prices extend declines as its costs are low, Zhuang Binjun, business development manager, said.
   
"Seaborne supply growth will come largely from Australia and Brazil," said Hovers. "This new supply will be low-cost seaborne and displace marginal supply from high-cost domestic Chinese producers and other lower-quality iron ore imports into China."
   
Slumping prices
   
Ore with 62 percent content delivered to Tianjin has fallen 21 percent so far this year to $106 a ton as of Tuesday, according to data from The Steel Index Ltd. The benchmark fell to $104.70 on March 10, the lowest level since 2012. While prices may be firmer over three months, there may be a drop below $100 over six months, toward $90, on the new supplies, Kamal Naqvi, global head of metals at Credit Suisse Group AG, told the conference.
   
If prices drop to $100, output in China may be hurt as domestic mines with high production costs are forced to cut output or close, according to the Bureau of Resources and Energy Economics, Australia`s government forecaster. By comparison, Rio Tinto can be profitable above A $39 ($36), BHP`s breakeven is A $41 ($38), and Fortescue`s is A $56, UBS AG estimated.
   
Global seaborne supplies will increase 126 million tons to 1.38 billion tons this year, Morgan Stanley estimated in a May 5 report. That will increase the worldwide surplus to 79 million tons in 2014 from 1 million last year, the bank forecast.    

"What`s happening now is the major iron ore producers are bringing considerable new capacity," Alves said in an interview, forecasting a rise of about 120 million tons this year and a further 100 million tons in 2015. "Most of the tonnage is very competitive," he said.
   
 Vale`s expansion
   
Production at the Rio de Janeiro-based company will rise to about 453 million tons in 2018 compared with 306 million tons last year, Alves told the conference. Vale`s average cost of production in Brazil is $21 to $22 a ton, he said.
   
"It takes time to absorb all this pickup in iron ore supply," said Alves, forecasting China`s imports will be more than 900 million tons this year from 820 million tons. "It will make some pressure in terms of price, create some volatility."
   
The Tianjin benchmark fell for a fifth month in April, the longest losing run since August 2012, as growth in China slowed and seaborne supplies rose. The price will drop to $100 in the fourth quarter, according to Goldman Sachs Group Inc.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s crude steel output up 2.4% in Q1

Source: www.chinamining.org   Citation: China Knowledge   Date: May.05, 2014

China, the world`s largest steel producer, saw its crude steel output increase 2.4% year on year to 202.7 million tons in the first quarter of this year, according to the latest statistics released by the National Development and Reform Commission.

The commission said that the country`s output of steel products grow 5.3% year on year to 261.41 million tons in the first three months.

China exported 18.33 million tons of steel products in the three-month period, up 27% year on year, while its import of steel products hit 3.59 million tons, up 11.3% from a year earlier.

In the month of Mar, the prices of 20-mm steel sheets and 1-mm cold-rolled coils were at RMB 3, 488 per ton and RMB 4,314 per ton, down 11.7% and up 10.3% from a year earlier, respectively.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Chinalco Mining sets sights on copper projects in Latin America

Source: www.chinamining.org   Citation: scmp.com   Date: Apr.25, 2014

Peng Huaisheng shrugs off the impact from Peru`s suspension order on the output of Chinalco Mining`s Toromocho project. Photo: Nora Tam

Chinalco Mining, the non-ferrous and non-aluminium metals unit of aluminium giant Chinalco, is seeking acquisition opportunities in Latin America for copper projects with long-term return rates of more than 10 per cent.

Chief executive Peng Huaisheng said the region presented more development potential, especially Peru, where the company has been developing the Toromocho copper project since 2007.

"Our understanding is that Peru offers greater potential within Latin America," he said. "Peru has a strategy to catch up with Chile in metals and mining development, so it provides an overseas-investor-friendly investment environment."

Chile is the world`s largest producer and resource holder of copper, which is used widely in the power distribution and construction sectors. China imports about 70 per cent of its raw copper ore needs.

Hong Kong-listed Chinalco Mining`s US$3.5 billion Toromocho project, about 140 kilometres from Lima, started trial commercial production in December.

But power shortages, caused by a three-month delay in power connection, meant the company had to first process ore with lower copper content than originally planned. This caused the firm to slash in December its output target for this year to between 120,000 and 150,000 tonnes from 190,500 tonnes.

In March, heavy rainfall resulted in muddy water being discharged from the project`s quarry mine to a lake. Peru`s Ministry of Environment ordered on March 28 the project to stop operation for alleged non-compliance with environmental laws relating to water discharge. After building a water tank to collect rainfall and a draining system, the ministry allowed production to resume on April 11.

Peng said the suspension would not hinder the project from achieving the revised output target since it was not expected to reach full capacity utilisation until the third quarter.

He said his firm was "surprised" by the suspension order, but he would not comment when asked if he thought foreign and domestic firms had been treated differently on similar issues.

In July last year, Chinalco Mining decided to use US$120 million from its initial public offering proceeds, originally for acquisitions, towards phase two expansion of Toromocho.

The US$1.32 billion expansion will be 80 per cent-financed by bank loans and will raise annual output capacity by 45 per cent to 310,000 tonnes when completed in the first half of 2016.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Minmetals Group Buys Glencore Peru Copper Mine for $5.85 Billion

Source: www.chinamining.org   Citation: Bloomberg   Date: Apr.14, 2014

China Minmetals Corp., the state-owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc (GLEN)`s Las Bambas copper project in Peru as China seeks greater control over material supplies.

"It`s a good price, probably toward the top end of market expectations," Jeff Largey, an analyst at Macquarie Group Ltd. in London, said in a phone interview, adding the deal provides a good outcome for China. "This is a Chinese buyer, buying a very high quality copper asset."

Buying Las Bambas gives the group, which includes Melbourne-based MMG Ltd., control of a mine that`s forecast to produce 400,000 metric tons of copper a year from 2015, equivalent to 12.5 percent of 2013 imports of copper metal by China, the world`s biggest buyer. The sale also satisfies the final condition by Chinese regulators for Glencore`s $29 billion takeover of Xstrata Plc.

Glencore has "taken decisive steps to de-risk Las Bambas" since acquiring Xstrata last year, Ivan Glasenberg, the billionaire chief executive officer of Baar, Switzerland-based Glencore, said yesterday in a statement.

MMG holds a 62.5 percent stake in the group buying Las Bambas. The consortium also includes Guoxin International Investment Corp., with a 22.5 percent stake, and Citic Metal Co., with 15 percent, Glencore said.

The deal is subject to approval by regulators and by MMG shareholders. Minmetals, which holds about 73 percent of MMG according to data compiled by Bloomberg., has committed to vote in favor of the purchase, Glencore said.

Debt, Shareholders

Sale proceeds will immediately be used to reduce debt, Glencore said. The company will also look at reinvesting capital and returning some of it to shareholders.

Glencore may invest in copper projects in the Democratic Republic of Congo and Zambia or seek acquisitions, Paul Gait, an analyst at Sanford C. Bernstein Ltd. in London, said in an e-mail.

"The main story will be, I guess, what next for the deal flow," Gait said. Glencore`s London-Based peer Anglo American Plc (AAL) is "vulnerable," Gait said.

The sale comes as other global miners also divest properties, giving Glencore the opportunity to make purchases, Macquarie`s Largey said. The takeover of Xstrata was Glencore`s largest.

"Acquisitions have always been part of the company`s DNA," Largey said, noting Glencore could look at buying additional thermal coal assets as peers distance themselves from a tough market for the fossil fuel.

Mine Development

Development of Las Bambas was about 56 percent complete at the end of last year and there`s about $2.4 billion left to be spent on the site, Glencore said recently. It will cost an estimated $5.9 billion in total, Glencore Chief Financial Officer Steven Kalmin said in September. The mine is slated to start production in 2015.

China imported 3.2 million tons of copper metal and 10.1 million tons of copper ore and concentrate last year, data from the country`s customs authority shows. Its consumption totaled 9.83 million tons in 2013, or 47 percent of global demand, according to the World Bureau of Metal Statistics.

There`s 950 million tons of ore reserves at Las Bambas at 0.73 percent copper, Glencore said in February. The mine currently has an estimated life of 23 years though there`s potential to add further reserves, it said.

"China has to import 80 percent of its need for copper, which is massively used in infrastructure construction," Heng Kun, an analyst with Essence Securities Co., said before the deal was announced. "Buying copper resources is a strategic move for China to secure the raw material supplies."

Peter Grauer, the chairman of Bloomberg LP, parent of Bloomberg News, is a non-executive director of Glencore Xstrata.

BMO Capital Markets Ltd. and Credit Suisse Group AG are advising Glencore on the sale.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China Aluminum Exports Highest Since 2011 on Overseas Premium

Source: www.chinamining.org   Citation: Bloomberg   Date: Apr.11, 2014

Aluminum exports from China, the world`s largest producer and user, rose to the highest level last month in more than two years as traders shipped the metal overseas for higher returns amid a record premium.
   
Exports of unwrought aluminum and aluminum products were 370,000 metric tons in March, customs data showed today. That was the highest since 390,000 tons in July 2011 and more than doubled the figure in February.
   
Premiums that are added to the London Metal Exchange aluminum price to secure delivery reached a record in Europe and the U.S. in the first two months of 2014, and they`re at an all-time high in Japan, Harbor Intelligence, a researcher based in Austin, Texas, said in a report last month.
   
"Exports rose as traders pursued profits from arbitrage with higher overseas premiums," said Wang Chunhui, an analyst in Shanghai at SMM Information & Technology Co.
   
The contract for delivery in three months on the LME rose 0.9 percent to $1,873.75 a ton at 3:01 p.m. in Shanghai and has climbed 4.1 percent this year. The metal on the Shanghai Futures Exchange gained 0.8 percent to close at 13,160 yuan ($2,120) a ton. China imposes a 15 percent export tax on primary aluminum and offers tax rebate on exports of some aluminum products.
   
China also imported 420,000 tons of unwrought copper and copper products in March, customs said today. That compared with 380,000 tons in February and was the highest since a record in January.
   
Copper imports rose because of deliveries from long-term supply contracts and demand for using the metal as collateral in financing agreements, said Li Ye, an analyst at Shenyin & Wanguo Futures Co. in Shanghai.
   
Iron ore imports by China rose to 73.96 million tons in March, compared with 61.24 million tons in February, according to customs. That was the highest level since a record in January.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s coal imports set to hold steady in 2014 - govt

Source: www.chinamining.org   Citation: Reuters   Date: Apr.10, 2014

China`s imports of coal in 2014 are expected to remain at the same level as last year, with demand growth slowing and the domestic market already well-supplied, a senior energy official said on Thursday.

China imported 267 million tonnes of coal for the whole of 2013, up 14 percent on the year, with many buyers seeking out cheaper overseas supplies.

Ren Lixin, director of the coal department at the National Energy Administration (NEA), told an industry conference that oversupply also remains a problem for a sector struggling with slowing demand and a campaign by the government to switch to less polluting energies.

Oversupply was reflected in China`s coal inventories, which have remained at around 300 million tonnes since last year, up from the traditional rate of 200 million tonnes, Ren said.

Tumbling prices, caused by weaker demand due to slowing growth in China and a flood of cheaper imports, have forced many smaller coal miners out of business, while a slew of majors, including Shenhua Energy , China Coal Energy and Yanzhou Coal, reported losses for their 2013 results.

The sector has also faced heavy pressure from a nationwide campaign to cut smog and promote cleaner energy sources like gas and renewables, but Ren suggested China`s war on pollution could provide the impetus for the struggling sector to reform itself.

"It is important for the coal industry to transform itself by becoming clean and green in order to survive this new era," he said.

Ren said that China would step up efforts to consolidate the sprawling, fragmented sector this year and phase out inefficient and small-scale production. China closed 1,200 small-scale mines in 2013, but there were still around 6,300 that needed to be shut, he said.

The NEA announced last week that it would close 1,725 small coal mines this year, amounting to a total capacity of 117.48 million tonnes, with local governments under orders to shut all mines with annual production capacity of less than 90,000 tonnes.

However, China`s last five-year plan for the energy sector still allows for the construction of an additional 860 million tonnes of new coal production capacity over the 2011-2015 period.

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.