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Following the clear steps of Chinese harmonious mining areas’ construction

Source: www.chinamining.com.cn Citation: www.chinamining.com.cn Date: Nov. 12^th 2013

Building harmonious mining areas is a common demand of modern civilized society for mining development.

Since 70`s in last century, countries of developed mining industry have formulated relevant laws to establish the benefit-sharing mechanism. By means of signing interests-related access protocol with residents in the mining areas, it guaranteed their rights of development and promoted economic and social development in mining areas.

In 2002, the Earth Summit Conference on sustainable development passed the "Johannesburg plan", putting forward to improve the mining, minerals and metals’ contribution to sustainable development.

In Sep.2007, the World Summit on sustainable development put forward "Extractive Industries Transparency Initiative", focusing on resource revenue transparency and accountability, ensuring the countries and their people`s whole benefit from natural resources mining.

In China, there are about 100000 mines at present, and mining output reaches 6000billion Yuan. The sustainable development of the mining industry has made great contribution to the Chinese industrialization and urbanization. But because of the interest disputes, mineral development environmental pollution and safety accidents in production, certain social disharmonious factors have been induced in some places.

Wang Kun, vice director of mineral development division of Ministry of Land and Resources, was interviewed by the reporter of Chinese Mining Newspaper and said, “ In the development process of resources, we should achieve the harmony not only between man and nature, but also between man and man. The harmony between man and nature means the coordination among exploitation of mineral resources and its high efficient use and environmental protection. The harmony between man and man means the harmony of mining enterprises and the surrounding community. And to carry out the harmonious mining areas’ construction, to promote the healthy development of mining, to increase the residents’ income continuously , and to develop the local economy stably are inevitable choices of Chinese mining industry stepping out of the primary stage of original and extensive, and entering into the advanced stage of efficient, green, safe and harmonious” .

Yao Huajun, Dean of Institute of Economic Research of Chinese land and Resources , put forward that pooling of interest is a very important issue in the building of a harmonious mine, and the premise is to establish a communicative mechanism of standard, transparent and mutual trust. Yao Huajun thinks, the competent departments of land and resources, or the government functional departments which undertake to design and promote the harmonious mining areas’ construction system should pay more attention to the maintenance of land , interests related to mineral resources and rights protection. The Ministry of Land and Resources put forward the "conservation development, protecting resources, protecting rights and interests", which has close relations with the harmonious mining areas’ construction. Management of the administrative department of Land and Resources should gradually take conservation and intensiveness as the major purpose and incline to the strategic layout of investment in the ecological civilization.

In fact, Chinese is exploring to construct harmonious mining areas. The pilots are promoting in an orderly way, top design is perfecting, the relevant concepts are being matured, and on the key issues, a consensus has been formed. More importantly, about the building of harmonious mining areas, the Ministry of Land and Resources has specific ideas and steps, with the overall goal "build four mechanisms, achieve the two aspects of harmony, achieve the same goal". At the same time, "Guidance on Harmony Mining Areas’ Construction " and "Evaluation Index System", being repeatedly commented and changed, are being matured.

We might expect and hope, because constructing harmonious mining areas is not only related to scientific development of mining, but also related to the change of development mode of mining industry, the sustainable development of mining area, stability, tranquility and well-being of the people in the mining areas.

Lenses playback

4 o’clock in the afternoon on 4^th Nov, No.214, 2 floor conference room Tianjin Mei Jiang Convention and Exhibition center. The theme of the Forum: Building Harmonious Mining Areas.

Although this is arranged as the last forum in that afternoon , presenting representatives and the media being tired, all seats are occupied.

This sub forum has been held for the second time in Chinese International Mining Conference. “With the promotion of ecological civilization construction in recent years, the construction of a harmonious mining area has gradually become the consensus of the government, enterprises and the public, and some local governments and enterprises have made a lot of research in this field. At the same time, the international peers also bring a lot of worth of sharing experience.” moderator Yao Huajun’s opening words are concise and straight to the theme. He is the Dean of Institute of Economic Research of Chinese land and Resources and also expert in this area.

The construction of harmonious mining areas depends on top-level system design

“Since 70`s in last century, countries of developed mining industry have formulated relevant laws to establish the benefit-sharing mechanism. By means of signing interests-related access protocol with residents in the mining areas, it guaranteed their rights of development and promoted economic and social development in mining areas. In 2002, the Earth Summit Conference on sustainable development passed the "Johannesburg plan", putting forward to improve the mining, minerals and metals’ contribution to sustainable development. In Sep. 2007 , the World Summit on sustainable development put forward "Extractive Industries Transparency Initiative", focusing on resource revenue transparency and accountability, ensuring the countries and their people`s whole benefit from natural resources mining.” said Wang Kun, vice director of mineral development division of Ministry of Land and Resources. He thinks the building of harmonious mining areas is an irresistible trend.

In China, there are about 100000 mines at present and mining output reaches 6000billion Yuan. The sustainable development of the mining industry has made great contribution to the Chinese industrialization and urbanization. But because of the interest disputes, mineral development environmental pollution and safety accidents in production, certain social disharmonious factors have been induced in some places.

Wang Kun, vice director of mineral development division of Ministry of Land and Resources interviewed by the reporter of Chinese Mining Newspaper and said, in the development process of resources, we should achieve the harmony not only between man and nature, but also between man and man. The harmony between man and nature means the coordination among exploitation of mineral resources and its high efficient use and environmental protection. The harmony between man and man means the harmony of mining enterprises and the surrounding community. And to carry out the harmonious mining areas’ construction, to promote the healthy development of mining, to increase the residents’ income continuously, and to develop the local economy stably are inevitable choices of Chinese mining industry stepping out of the primary stage of original and extensive, and entering into the advanced stage of efficient, green, safe and harmonious .

He also briefed the participants on the remarkable achievements of harmonious mining areas’ construction of China in recent years. The first is Chinese government has carried out the pilot work in the Inner Mongolia Autonomous Region. Taking this opportunity, the local government explored to the establish benefit distribution system, conflict Investigation and Co-ordination Agency , conflict resolution mechanism, and improved the environmental control of mines and mining rights linkage system. The second is active exploration of other areas. Since 2007, Gui Zhou, Qing Hai and other provinces have introduced policies to encourage local government, mining enterprises, mining area residents to share the interests together. They actively adjust the structure of financial expenditure, strengthen mining companies’ social responsibility, and try to let the mining companies and the local governments construct, manage and share the interests together. The third is the industry organization actively promotes the construction of harmonious mining areas. Chinese Coal Association put forward the goal of building harmonious mining areas in 2020. China Chemical Mining Association together with Yunnan, Gui Zhou, Hunan, and Hu Bei provinces carried out resource conservation, environmental protection, mine safety harmonious association, and actively publicized Social Responsibility Report of this industry. Adhering to the concept of “Dedication of gold and silver, leaving the beautiful scenery ", Shandong Gold and a number of other mining companies actively promote the building of a harmonious mine areas, which became a typical model of Chinese mining.

Social responsibility: China mining enterprises are duty-bound

Mr. Zhong Hongwu, director of the center for the study of social responsibility of enterprises of China Academy of Social Sciences, made a speech on “the social responsibility report system of Chinese mining enterprises” in the forum. Under his leadership, the team has designed and written the social responsibility report for many domestic mining enterprises, and entrusted by the Ministry of Land and Resources, they have undertaken the research subject of the report system of mining companies’ social responsibility.

"The personality of the Chinese nation is characterized as introverted and low-key. Lei Feng never left his name for good deeds he did. But in order to encourage himself, he wrote them in the diary. So do the Chinese enterprises. Pursuing this philosophy, they try to be low-key. Personally speaking, the enterprises writing social responsibility report is the same as Lei Feng writing his diary. The difference is that personal diary would not be opened except to close friends, while social responsibility report should be actively opened, letting the community know what they do." Dr. Zhong Hongwu with a vivid metaphor, made it clear what is the sense of the system of social responsibility report of mining enterprise, which win the participants’ laughter.

So far this year, there are 1145 enterprises who have published social responsibility report and the mining enterprises accounted for 64. Among them, 56 are from state-owned mining enterprises, 7 are from the private mining enterprises, and 11 are from joint ventures of mining enterprises. In addition, China mining enterprises in overseas also released social responsibility report.

He said, there is a tendency, namely the stakeholders not only care whether the enterprises earn money or not, but also pay attention to environmental protection and investment in community construction. Thus a new form of communication -- corporate social responsibility report appeared, and it has also changed the traditional thinking of companies adhering to the "low-key" .In fact, the social responsibility report can be effective for enterprises to create a positive image to the public and to strengthen inner management. After published the social responsibility reports, many enterprises have changed their negative public image, and also found the weaknesses of their management.

The team led by Zhong Hongwu conducted a comparative study this year on the released social responsibility reports between Chinese and foreign mining companies, including 6 indexes as integrity, substantive, balance, comparability, readability and innovation. The result shows, both domestic and foreign mining companies have done a detailed disclosure of environmental protection, employee development, production safety and community relations, but foreign companies’ reports are more concentrated for example on corporate governance, and more rational and  focused, while the domestic ones are a bit like a dragonfly, not deep enough. In addition, the foreign reports do better in coping with climate change and other prospective issues. In the community relations, foreign enterprises pay more attention to exert their advantages in resources, organize and participate in the construction, while the domestic enterprises give more focus on driving the employment and provide volunteer services. The negative information disclosure level of foreign enterprises is higher than domestic enterprises.

He believes that, overall, social responsibility report of mining enterprises in China is in a stage of rapid development, but compared with the international mineral companies, China mining corporate social responsibility report still lags behind, which should be further improved.

Trust, the foundation of constructing the harmonious mining areas

Mr. Ross Hamilton from the International Council on mining and metals (ICMM) is the only foreign speaker among the 6. He emphatically made a speech on how to get the trust of residents in mining areas.

International Council on mining and metals was founded in 2001 with the purpose to "improve the sustainable development ability of the mining and metallurgical industry". Now, its flag has gathered 21 mining and metals companies and 34 countries and regions of the mining association and the global commodity association. It has proposed a “MMSD” proposal of planning to implement the sustainable development of mining to ensure the sustainable exploitation of mineral resources.

He noted that it can help enterprises win the trust of the community residents by increasing transparency and letting stakeholders know what  you want to do and what you are doing. As the saying goes, action style can make community believe the investors are reliable. “Trust is a long-term investment. It can be cultivated not only by time and patience, but also through constant interaction and dialogue between each other. In the face of many possible challenges, practical and reliable commitments are also necessary."

Talking about how to deal with the relations between mining development and social economic development and the stakeholders, especially the interests-share of community residents, he thinks, the key point of solving the conflicts of mining trade, mining development and impact on the life of local residents is transparency. It is also the key to coordinate the various stakeholders relationships. ICMM now has 10 principles of sustainable development, and has established the accountability process, which can ensure their openness and transparency in the process of implementation the project. There are more than 20 items in ICMM`s “service guide” instructing their members on how to improve the transparency of guidelines and safeguarding the interests of all parties of the provisions.

Hamilton thinks mining requires a long cycle and the water is very important for mining. In some lack of water resources places, the local residents need more and cleaner water. But mining development may pollute the water. They have found that, in the past 10 years, about half of the conflict was due to water resources. To solve the problem of water resources need a long-term consideration and plan, for example to the local residents, they may need a minimum of 30 years of long-term planning of water resources, which requires a macroscopic overall consideration and planning of the whole water resources. Meanwhile, the environmental governance, water resources and environment assessment of the entire basin water resources are also very important, for which the mining companies have unshakable responsibility.

He admits that, how to meet the demands of community residents in mining enterprises, and not let some residents price oneself out of the market is a global problem. Mining enterprises have to face a problem of cost of capital or input and output. They must know how to communicate effectively with the community and residents, understand the expectations of the local community, so that local residents can get the actual situation of mining enterprises. ICMM or its members, encountering this kind of problems, will build a communication mechanism and form a group, and let them handle these problems, for example, to communicate with the Australian aborigines.

He also said, ICMM is very happy to communicate with CEOs from some big companies on the problem of sustainable development, just like what  Wang Kun talked about of how to realize the mutually beneficial and win-win purpose of the mine, local government and local residents. ICMM requires their Council members to have good performance in the aspect of sustainable development, and to comply with GSR standards stipulated by the council, i.e. according with the standard of social responsibility report.

He thinks, for mineral companies, the pressure of information disclosure and social responsibility is actually growing with each passing day. The way out is to implement the “Action Plan of transparency” and reach the performance standards of International Finance Corporation. Since they are engaged in mining, they must have the ability and determination to solve the problems caused by mining activities. They must look into the future and build the harmonious relationship with the local residents. Mining location can achieve harmonious development only through keeping good cooperative relations among all interests related parties.

China mining enterprises` exploration and practice

Harmonious mining area construction, not only need to have well-planned and practical top-level system design, but also need the local government`s support, and need the full participation and practice of mining enterprises. On the BBS, a few head of mining enterprises made speeches in the aspect of promoting the construction of harmonious mining area of exploration, practice and experience.

Han Jianguo, Shenhua group deputy general manager,  took the new street temple mining area as an example,  introduced the application of the group in the exploration and practice of the construction of harmonious mining area. New street temple mining area is the construction pilot of resource configuration, which is confirmed by both Ministry of Land and Resources and National Development and Reform Commission. In the mining area planning development, the group took harmonious mining area as the main line, and improved the system innovation, institutional innovation, technology innovation and mode innovation, based on the modernization of highly concentrated, strived to build a modern ecological and environmental protection field.According to his introduction, their specific practices are as follows. First is a carefully designed property, analysis of shared resource benefits, to balance the interests of all parties. Local government can obtain from the mining production every year, and used it to ensure long-term stability of the mining area farmers and herdsmen. Priority to solve local employment, established the enterprise benefit, to work for the mechanism of agriculture, improved people`s livelihood, fundamentally solve the contradiction between local and enterprise, realized the harmonious development. Second, innovated planning layout, realized saving and comprehensive utilization. With the advantage of a development main body of a mining area, used multiple well decorated jointly, construction scale of 85 million tons/year, realized the intensive production, compared with the traditional independent development layout, reduced resource pressure minus 20%. Actively adopted new technologies, new processes, new materials, new ideas, such as construction by TBM method for the first time, the greatly increased efficiency, the buried deep mine had played a demonstrative effect. Third is the study of application of the green mining, the mining area construction of ecological civilization. The mine area increased all kinds of environmental protection investment, research on biodiversity conservation technology, improved the level of comprehensive utilization, explored the establishment of a energy, products, waste recycling energy conservation and emissions reduction mode.According to Han Jianguo, by 2020, when the new street temple mining area southern one mine four wells completed and put into operation, according to the resources development and benefit sharing mechanism, local governments can obtain 5 billion Yuan of taxes and fees from the mining area development and of share out bonus of 200000 Yuan; Mining area ecological environment protection will be a remarkable achievement, all mine will reach green standards in mines, demonstration project will be succeed, thus for the coordinated development of ecological environment protection in the earth`s provided reliable technical support.China Minmetals Zhang Jingong introduced the successful experience of the company in terms of performance of social responsibilities. According to introducing, min-metals corporation established a sustainable development model with the characteristic of min-metals, called the "diamond model", included shareholders, employees, customers, government, environment, social six aspects, to create value min-metals, peaceful min-metals, green min-metals, integrity min-metals.

In recent years, the company in the fulfillment of social responsibility was mainly for three aspects work. First was a high quality release sustainable development report, promoting the standardization of the corporate social responsibility. Since 2007, the company published sustainable development report with international standards for the latest release every year. In order to achieve the quantitative assessment of the social responsibility of work, and promote the development of the social responsibility work more standardized, the company published the Min-metals Australia report in 2011, to become one of the companies firstly published overseas report, the report adopts double release in both English and Chinese, and goes through by the third party. Second, pay attention to the perspective-taking, listen to the voice of the various stakeholders and demands. To understand the real thoughts of various stakeholders, to enhance working authenticity and effectiveness of the corporate social responsibility, the company widely invited community, industry associations, academic institutions, etc., discussed about the sustainable development of China Min-metals.

According to introducing, after China Min-metals acquisition of Australia Ao Rui company`s major assets and Peru copper company, vigorously promoted the localization, maintained the good relationship and indigenous people. They didn`t send a management team to take over the company, only made decisions and management for key positions, and retained the original staff team. At present, China Min-metals foreign employees were about 7000 people, accounted for 98%. In the maintenance of community relations, MMT in Laos, through environmental protection investment, community building, local procurement, brought prosperity to the local economic development, the mining area per capita income increased by several times. In Peru, Min-metals company helped local infrastructure construction, supported the local education and health, popularized the agricultural technology, promoted the local economic construction, brought real boon to local residents.   

When it comes to Chinese companies to "go out" and how to fulfill their social responsibilities, to establish a good relationship with local residents, Zhang Jingong thought that, must first have a common goals and interests, this is the premise. Only with the same goals and interests, the social responsibility can be changed from "want me to do" to "I want to do". Secondly, to pay attention to communication, especially in the performance of social responsibilities, and the related aspects of the communication is very necessary. Only communication can make you better understand the positions and intentions of both two sides, improved the work pertinence. Third is to have an open mind. Mining in mines, there will be more or less interference to the environment, how did the enterprise deal with this relationship? It should bring benefits for the enterprise and at the same time, also bring welfare to the communities and countries. Make harmonious mining area construction needed input, but not purely gave money for the construction of harmonious mining area.

Harmonious mining area need to be targeted, therefore, need to know what the residents of the community need to develop, do some government want to do without the ability to do things. If done well, the community`s support for you will be very large. In the long term, done well the relationship with the community, to create conditions for the sustainable development of the enterprise.

On the BBS, deputy general manager of Shandong Gold Group Hou Chengqiao introduced, the company adhered to the scientific development concept to properly handle the mine and environment, mining, mining relationship with local government and community. First is the company to develop the optimized resource development tools, the specific measures for realizing the resource saving; At the same time, vigorously promotes the comprehensive utilization of resources, subordinate to the mining recovery rate, on average, more than 94%. With the application of solar energy and geothermal energy, part of the mines realized profit and achieved "zero consumption". Second is to insist building a new mine with planting ten thousand trees, achieved green coverage of more than 40%, did leave green hills and water, which was the goal of protecting the environment. Third is to fulfill the social responsibility of state-owned enterprises, supported local economic development, for the benefit of the local, and harmony of community residents. The company invested three hundred million Yuan to improve mining area`s traffic facilities, widely absorbed residents` employment, improved the level of people`s life. Fourth is to adhere to the environmental protection index higher than the national standard, set up water pollution prevention and control system, minimized the impact on the local environment, won the trust of the local residents. Fifth is to achieve harmony with mine residents, to achieve "double zero" indicator. They invested about 1 billion Yuan focus on improving the mine hoisting system, safety facilities and tailings mining, constructed garden first-class level. Sixth is to the advance of science and technology, provided strong technical support for safety in mines. They were associated with several scientific research institutes to carry out the research work, the key to solve the large-scale mining of mining safety, enhanced the safety of major accident early warning and forecasting ability. At the same time, the company had set up a staff bailout fund, to hard worker and family for help, realized the support work institutionalized and the standardization. Since the "eleventh five year plan", the company saved difficult staff 13000 people, the salvage valued of 45 million Yuan.

Overlook 2020

BBS moderator Yao Huajun`s summary was in place with lasting appeal.

Yao Huajun said, in China, the concept of harmonious mining area construction was perfecting, exploration was started and had obtained a certain result, a consensus had emerged among special on key issues, that was harmonious mining area construction that should not only deal with the interpersonal relationship, but also want to deal with the relationship between the human and nature or the environment, but the relationship between human and nature or the environment still need to back to human relations.In the construction of harmonious mining area had a very important problem of benefit sharing, the premise was to establish a transparent standardization, mutual trust, communication mechanism. The establishment of the benefit sharing mechanism, needed to present environmental protection and efficient utilization of resources, to the people`s livelihood, including community crowd and mines within the worker. Whether enterprise  to perform the social responsibility, it should be done through release social responsibility report system, let the social supervise, let the media supervise.

Yao Huajun considered, the competent department of land and resources, or the competent undertook current efforts to build a harmonious mining area system design, and the government functional departments, needed to protect resources, scientific development of land, with mine on the basis, needed to pay more attention to the maintenance of land and mineral involves the rights protection. In fact, the Ministry of Land and Resources put forward "protect development, protect resources, protect rights", very closed with the promotion of the construction of harmonious mining area.

When it comes to promoting the construction of harmonious mining area of land and resources of specific ideas and steps, Wang Kun had said it in a speech: first is the overall goal to build a harmonious mining area construction four mechanism, to achieve both harmony and achieve a goal. Namely through the establishment of promoting resource conservation and intensive regulation mechanism, compensation mechanism, the resources development and utilization, the distribution of the benefit sharing mechanism, contradiction dispute resolve coordination mechanism, resources development and the harmony of man and natural, interpersonal harmony, to achieve "mining, for the benefit of one party, the development, protection and harmonious mining area, scientific development" of the overall goal. Second is according to the government, industry promotion, enterprise guidance, the pattern of social participation, actively carried out mining area construction. On the basis of the green mine construction, selection of pilot units, established the industry benchmark, gave play to typical demonstration effect. Third is a positive propaganda guidance, passed good voice of harmonious mining area. To find the most beautiful green mining activities, harmonious mining area of experience through the media propaganda, BBS held a harmonious mining area construction, provided communication platform for the industry. Forth is to create a good policy environment, the system overall designed for the construction of a harmonious mining area, the issued policy documents, established incentive mechanism, gave the pilot areas and policy support, used of market mechanisms to promote the harmonious mining area construction, the formation of coordination to promote good situation.

In the interactive link of BBS, Wang Kun was in response to China`s mining news reporter about the guidance for the construction of harmonious mining area and the evaluation index system of timetable problem, said the two files have several drafts before, in the last month of a circular economy in luoyang symposium and solicit the opinions of various industries, various enterprises. "I expect it will be issued as soon as possible, even if is not a very perfect, I also want to have a basic on a trial basis, to guide our businesses and industries in their respective fields to promote the construction of harmonious mining area." This was a practical and pertinent answer.

The reporter understanded, according to the ministry of land and resources and mineral resources development management idea, by the end of "twelfth five-year", China would set up 100 advanced typical harmonious mining area; by 2020, basically set up key to mine mine corporate social responsibility report system and the mining area contradiction resolving mechanism, mineral development benefit distribution mechanism to further improve, the mining area`s economic and social relationships, the ecological environment good, the mining area cultural prosperity. The next step is the construction of the harmonious mining area in a clear goals; To establish the mining area and community people benefit sharing mechanism, and the contradiction between mining area and the community resolving mechanism, etc; Through the government guidance, industry plays, acting in an opera in the enterprise, realized the goal of the masses benefit from mining area, satisfy the public and the government enterprises, mining area.

We might as well look forward, and send our best wishes. Because, it was not only related to the scientific development of mining industry for the construction of harmonious mining area, but also about to change the way of mining development, about the sustainable development of mining area and the mining area of stability, peace and happiness of mine masses.（Zhao Laping）(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 launches risk exploration capital market construction

Source: www.chinamining.org.cn  Citation: www.chinamining.org.cn  Date: Nov.11, 2013

During the period of CHINA MINING 2013, Tianjin International Mining Exchange held Risk Exploration Capital Market Strategic Investors Signing Ceremony and Launching Ceremony of China’s Dominant Mineral Products Spot Trading Platform. At the ceremony, Tianjin Jiyuan Geological Exploration Co. Ltd, Shenzhen Zhongke Yingchuang Investment Development Co. Ltd and Jiangxi Mogenli Industrial Co. Ltd signed Letter of Intent on Risk Exploration Stock and Financing, which marked China had officially launched Risk Exploration Capital Market Construction. Tianjin Jiyuan Company had became China’s first enterprise which is entitled to issue share in risk exploration capital market. 

Tianjin Jiyuan Geological Exploration Co. Ltd, which is co-organized by Jiangxi Jiyuan Mining Co. Ltd, Geological Survey Institute, 912 Team, West of Jiangxi Team, Northeast of Jiangxi Team, South of Jiangxi Team and Geochemical Exploration Team and registered as risk exploration stock  financing entity in Tianjin Mining Finance Reform Demonstration Base. The signing of Letter of Intent on Risk Exploration Stock and Financing is the substantive measure after Jiangxi Geology and Minerals Exploration Bureau became the first risk exploration financing pilot unit in CHINA MINING 2012, which marked the construction of mining platform of Jiangxi Geology and Minerals Exploration Bureau had moved forward an important step, domestically and internationally.   

It is learned that the goal of China’s risk exploration capital market is to build a GEM like TSX. This GEM aims to mining enterprises, especially capital market of risk exportation enterprises. It will provide financing platform for risk exploration enterprises, expand financing channel for domestic mining projects and accelerate socialization of exploration projects investments that conform to mining development rules. At present, with the support of related authorities, Tianjin International Mining Exchange is carrying out the docking between overseas international standard and original geological exploration rules to formulate China’s own rules of capital market construction of risk exploration enterprises. The construction of China risk exploration capital market can realize complete integration between risk exploration enterprise and market, decentralize investment risk, promote the integration of capital and technology as well as improve normalization of market investment and financing.     

Two geological exploration companies which belong to China Metallurgical Geology Bureau also signed at that time. Their partners are SDIC Fund Management and Shenzhen Chi Tai respectively.

Directors in Jiangxi Geology and Minerals Exploration Bureau, China Metallurgical Geology Bureau, China Minmetals and Tianjin International Mining Exchange and international mining giants witnessed this historical moment and touched crystal ball which symbolized China’s Dominant Mineral Products Spot Trading platform had successfully launched. (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.

Mining investment: rational and irrational Game

Source: www.chinamining.org.cn  Citation: www.chinamining.org.cn  Date: Nov.11, 2013

The mining market was experiencing a pain; it seemed to be the consensus in this year China Mining.

“I can tell you how serious the market is right now; even don`t have to put on a pile of data.” Zeng Nianqing, founder and chief executive of keystone associate Inc. jokingly said to the audience in the forum of Policies & Financing “Two years ago, I attended China Mining and gave the speech in the forum related to mining investment .There was no empty seat at that time, but now the attendance is less and less.”

Indeed, the reporter also noticed that there was no guest in the last two rows of the conference room, which was completely different from the last year conference. In the field of communication, the reporter also learned that many of the participants arrived with hesitation and confusion, hoped to know the context of development of mining market by listening the speeches given by the experts.

In recent years, affected by the sluggish growth of world economic, global mining development became slowly; mining commodity prices, trading and investment indexes appeared different degree of shocks and contractions. Many mining investors’ enthusiasm seems to be cooling from the state of "crazy".

According to the introduction from Yu Yi, the vice President of the CCCMC, in recent years, the foreign mining investment from Chinese enterprises appeared obvious fluctuations. According to the record from this chamber of commerce, in 2010 they received 173 projects with the total investment of $15.1 billion; Peaked in 2011, a total of 289 projects, the total investment of $19.6 billion; Fell in 2012 to 166 projects, the total investment of $7.6 billion. Since September, 2013, there were 99 recorded overseas investment projects in this chamber of commerce with total investment of $3.287 billion, the quantity of projects in the whole year can reach about 140, investment of about $5 billion. Compared with last year, project quantity and amount fell by 15% and 15% respectively.

According to the Chinese mining association, the first three quarters of this year, they accepted 103 overseas mining investment from Chinese enterprises, down by 8.0% year on year; the agreed investment of $3.136 billion, down by 10.9% year on year.

Impulsive investments become less and wait-and-see atmosphere is brewing. In a sense, the attenuation of data had been increased to some extent, which explained the investors get more rational. In this continuous downturn market, it seems that the opportunities are coming.

Irrational Market

No market can be prosperous forever. Under the influence of many factors, it conformed to the objective economic laws that the market was supposed to appear some frequent fluctuations.

"For the mining capital market, we can find in nearly 10 years mining index of Growth Enterprise Market in Toronto stock exchange that the volatility is especially obvious in nearly 10 years." Zeng Nianqing also said, because “Toronto mining Market “is the world`s largest mining capital market, its development trend can most directly reflect the development direction of global mining market.

According to Zeng Nianqing, in Toronto, from 2002 to 2008, mining capital market had experienced a boom, a lot of capital poured into the mining market, which provides a huge economic support to the development of many mining companies and primary explorations. At the same time, the new “super cycle” of global mining was coming.

In 2002, the world economy sustained depressed, but Chinese economy still maintained a high growth trend at that time. Especially after the accession to the WTO, the Chinese economy integrated into the world economy fast. With the development of a wide range of industrialization and urbanization, the demand for resource products in our country rose all the way up. The rapid development of the global resources industry was promoted drastically in the process of import and export of minerals. We had to say that "China factor" is the important part in this mining "super cycle".

Until 2008, because of the global financial crisis, a lot of capital quickly evacuated from the mining market because the range of investment was wide,

the amount of investment is large and the investment risk is high. Toronto mining market was baptized in the financial crisis in 2008. Since then, many mining companies and primary explorations operated worse and worse. The market value of some enterprises even lost more than half after one night. In fact, this was the opportunity for the Chinese enterprises to expand their market overseas. He gave an example: using the form of private placement ,Sinotech Minerals Exploration Co., Ltd.(Hong Kong)---- the wholly owned subsidiary of Sinotech which was affiliate of China non-ferrous metals resources geological survey successful purchased 40% stake of Canada Canaco Resources In. which listing in the securities market of Toronto , with the price of c $0.05 per share and totally cost is less than $3 million; And then, in March 2011,they external transfer 8 million shares with the c $5.4 per share, not only successfully cashed c $43 million, but also kept itself being the largest shareholder of this c $1 billion value company with 20% of the company shares.

"Chinese enterprise created a myth of mining mergers and acquisitions within two years." Zeng Nianqing said, "Because of the financial crisis, the value of the foreign listed primary explorations undervalued grossly, this is the reason why Chinese enterprises can succeed. And it is also a typical example.”

Mining capital market has experienced a short-lived rebound for about two years after the 2008 financial crisis. Since early 2011, it seemed to enter a long downlink channel. From this trend, we can find that the falling point is nearly reaching the low position in 2008. However, is the timing of the “bottom-feeding “in mining industry really coming? In such an irrational market, what and where is the investors’ opportunity?

Rational investors

Some experts believed that the unbalanced and uncoordinated supply and demand in mineral resources will exist for a long time, and the industry characteristics and development laws of mineral resources will also determine the relatively stable development of mining market in a certain period of time. After having experienced a rapid growth, in the downturn international mining market, mining investment overseas have entered the period that risk and contradictions concentrated outbreak. Various projects faced different problems.

Therefore, in the background of structural adjustment and technical innovation of the entire mining industry, it is necessary that investors should remain fully rational and prudent. In the forum of "policy and the financial", Wang Jiahua, the Executive Vice Chairman of China Mining Association warned the Chinese enterprises especially the non-mining enterprises that in the prosperous mining period, many Chinese mining companies and geological exploration units went out, but they all failed. So the non-mining enterprises should be more rational in the overseas investment of the mining industry. Bravery may also evolve for ignorance. Therefore you must be rational after learning their painful experiences.

We have learned that the Chinese enterprises do not familiar with overseas business environment and the rules of the game, having inadequate understanding of the national conditions and culture of the recipient countries, not having the ability to invest and operate the overseas projects even they do not know how to make adjustments, so they all faced the plight of "not acclimatized "in the overseas mining investment.

Some experts believe that a few mining investments from Chinese enterprises are speculative and followed blindly. The exploration ratio of small and medium-sized Mineral Mountain is too high. The nonstandard and low level of mining development is likely to cause a serious rebound abroad. However, the attention of the community development and information transparency of many large projects is insufficient, which may easily cause misunderstandings and conflicts with local communities; even cause the losses of property.

Zhang Shuguang, the Director of UlanBator Branch of Beijing Longan Law Firm said that, for example, 95% of the failure investment in Mongolia are cause by lack of effective legal due diligence to their partners. "Many investments in Mongolia from Chinese enterprises are not specificity. Most of the enterprises got some information of the project through a variety of informal channels, such as from their friends and other informal social channels. And then introduced through intermediaries, they hastily signed the contract within a month or two. "

Mr. Zhang said that "risk tend to occur before the agreement was signed," a detailed comprehensive due diligence, can help enterprise found the targeted investment risk in the first place and make preparation to avoid, transfer and deal with the investment risk.

As rational investors, in addition to make sufficient due diligence, it was particularly important that they should choose the appropriate investment prudently and flexibly. Some experts said in the forum that in the way of international operation, Chinese mining companies have no absolute advantage in capital to make absolute holding in some project. Therefore, when purchasing the listed primary exploration companies abroad, the talent and technology advantages can become a pry bar to get the biggest profits.

The game of the wise

There is a "Mr. Market" theory which is thought-provoking in the investment world. The general idea of this theory was: The investors cannot decide their investment behaviors just according to the movement of the market “mood”, which will let the market, lead you around by the nose. The real smart investors won`t be too much dependent on the change of market data, the only thing they should do was following the basic rules of the market in the proper time --- to buy low and sell high.

Warren Buffett has a very famous investment philosophy: be fearful when others are greedy, and be greedy when others are fearful. This is considered by many investors as a classic. For many mining investors, shall we be "greedy" or "fear" at this stage?

Luan Zheng Ming, the chief partner of Beijing Rainmaker Law Firm considered: the price of many mining projects was obvious low, so it was a good time for the investors to buy these projects. According to his introduction, there are 389 listed companies with the market value of less than $1 million in the Toronto stock exchange, accounting for 24% of all listed companies. “Two sets of real estate in Beijing can exchange a few good mining projects in Toronto”. He also cited the example that an already proven nearly 60 tons of gold resources project only priced in c $10 million. “For more projects, their market value had shrunk to about 10% of the peak value now."

"Now, the values of mining stocks are still falling. No one wants to buy and also only a few people concerned about it. But we should pay attention on them .” Zeng Nianqing also said that the deepening adjustment of mining industry may continue for a period of time. If investors invest at this time, it is likely to bear the risk of the continuous dip of the mining market. However, the future returns will be considerable after the adjustment.

It was not hard to find that many investment experts were still optimistic about the booming of mining market. But at this moment, it seems not so much of the timing of the overseas investment found by the capital market "trackers", it was better to see it as the smart investors’ game between the irrational market and rational investment. It was difficult to define Today`s mining market was “favorite" or "abandoned" in the capital markets. Perhaps in the background of downturn economy, this new stage is just the real “paradise of adventurers".

Facing the sincere investment from numerous mining ministers, do you feel that the body was not moved but the heart already far? (Zhou 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 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.

Opportunities hidden in challenge and renewing idea wins future

Source: www.chinamining.org.cn  Citation: www.chinamining.org.cn  Date: Nov.11, 2013

Mining Development High-level Forum, which was highly expected, was held in Tianjin Meijiang Convention & Exhibition Center on November 4^th. The forum was especially eye-catching in the context of grim global mining.

Will gold price reach bottom? How do coal enterprises walk out of valley bottom? What challenges and opportunities will be faced when “going out”?

The forum room was packed. Jiang Jianjun who is the Director General of Department of International Cooperation & Science and Technology of Ministry of Land and Resources of China chaired the forum and actively participated in the discussion. 13 senior executives from mining giants had a deep analysis of global and China mining development situation and communicated about enterprises development strategies in the context of weak economy growth around the theme of “challenge, opportunity and development”.

All the present delegates deeply felt that: Opportunities were hidden in challenges and renewing ideas could win future; strategic transform was extremely urgent and system construction still had to be taken effort. 

We should insist on innovation of the system and mechanism as well as technological innovation to improve the level of specialization of enterprises; we should insist on cooperation and mutual complementarities and mutual benefits as well as protecting environment and fulfilling social responsibilities; we also should insist on respecting resources environment, saving and intensively utilizing resources and respecting laws and regulation as well as carrying out mining activities legally   if we want to realize healthy and sustainable development of mining industry.

13 mining giants discussed mining development, exchanging ideas and communicating sincerely, which showed their great longing for a bright mining future.

Global Mining: Opportunities Coexist with Challenges

Although speakers’ ideas were different, one idea was the same, which was grasping opportunities.

In 2013, Global economy was still in the process of deep adjustment. Despite the slow recovery of economy, the foundation was solid gradually and the trend continued to be divided. There were challenges and opportunities in the development of global mining. China economy has been keeping development stably. Through releasing reform dividend, speeding up new urbanization and increasing investment of technical research, China economy will show delayed effect. 

Li Tong who is the CEO of BOC International Limited thought that “Global mining faces new situation and challenges. From 2012, European market has been unstable; US’s QE policies have gradually tapered and emerging market economy has entered structural reform and adjustment period. In the future period, emerging market region like China will be hard to grow as rapidly as 2002-2007. Bull market of commodities which was highly dependent on strong demands in the past 10 years may be weakened. 

Li Tong thought that dissolving capital restriction, reshaping profitability and improving element productivity will be the core issues of survival and development for global mining enterprises in the next 1-2 years under the pressure of profit drop and cost remaining high.

She brought good news at the same time, “Global mining merger may still exceed mining profit fundamental in the future. In the first 9 months of this year, global mining merger grew again, with year-on-year growth of more than 100%. The proportion of China as the buyer involved in the amount of merger reached 12%.”

Xu Shusen who is the Vice President of China Nonferrous Mining (Group) Co., Ltd reminded that opportunities were hidden in the challenges. “Economy recovery of current world is hard and twisty. Global mining is still in the deep adjustment. Mining development faces many challenges. In front of opportunities and challenges, persistence is as important as choice.”

Li Fuli who is Vice President of China Minmetals thought that global mining would return to normal and he made a deep analysis on it. “Global mining will step into normal development after decades of years rapid growth and financial crisis. A completely competitive pattern whose capacity is more decentralized and strength is more changing will be present in front of us and its huge and deep influence will be shown too. Under market conditions of future completely competitive, manufacturing enterprises’ influence to industry development will increase.”

Li Fuli thought it was not a bad thing, “It is helpful for the healthy and reasonable development of mining. As long as we obey mining rules and insist on right ideas, no matter big enterprises or medium and small enterprises all can find their own development room in the new international mining cycle to realize value development.” He also suggested that mining enterprises could respond to changes by ways of improving its specialization, taking new mining development road and highly focusing on social interest of mining economy.

Ju Yitai who is Deputy Director General of China Metallurgical Geology Bureau was positive for global mining situation. He hold the point of view that global mining investment was becoming better. “ I am full of confidence for the development of global mining economy because of the long existence of global resources tense and economy’s strong needs for resources. Super cycle of global mining is far from over. We still have much to do on strengthening resources support and relieving resources restriction. The features of mining resources development and industry development rules decide that mining market will keep long-term stable in a certain period. Mining investment which has the features of high risk, large investment and long cycle makes it possesses the abilities of bearing investment and development risk and enduring slow benefits of input and output. The cycle shaped by weak economic growth and reverse coercion system will help to push long-term and stable development of mining market.

Different views on mining situation

Weng Zhanbin who is the Vice President of Shandong Zhaojin Mining Industry Co., Ltd said amusingly “Bull market of gold has gone and Chinese Dama couldn’t save gold market.”He thought that gold market would enter a new more unstable period, the situation of high gold price would be ended completely and the pressure of gold price dropping would be more and more. Future gold price might be fluctuate from $1200 per ounce to $1500 per ounce. After the fierce shake, gold value would be further confirmed by the market and gold price would go toward the peak the previous bull market.

However, Du Haiqing who is the deputy general manager put forward another view. He said “This year is uncommon in the history gold industry development. Although gold industry has been facing various difficulties and disadvantageous elements, we should see dialectically that the overall situation of gold industry is good.”

Current gold price was challenging investors, which was a severe test for gold enterprises. How to respond was the common topic for gold enterprises facing the challenge of gold market.

Weng Zhanbin proposed 3 ways for gold enterprises on this problem. “Gold enterprises especially big gold group should strengthen risk control of management, optimize internal operation, strengthen technology creativity and management innovation as well as improve endogenous driving force.”

Du Haiqing also gave some suggestions. “In the new period, the development of gold industry needs us to take new measures to respond actively. In the severe price situation, gold manufacturers should strengthen market analysis, stabilize operation, prevent risk, strengthen communicative cooperation and relying technology to propel the healthy development of this industry. Gold manufacturers should actively shoulder social responsibilities, realize mutual benefits of enterprises’ interest and local development.”

He also called on “The government and society should give support to enterprise at the same time of enterprise taking responsibilities to society.”

Coal enterprise must experience complete change if they want to walked of the gloom.

The advantages of “Coal Boss” has gone which means traditional extensive development has come to an end. Severe market situation reversely coerced coal enterprises to accelerate innovation and adjust the step of industrial structure.    Zhang Youxi who is the Chairman of Board & Party Secretary, Datong Coal Mine Group Co., Ltd thought that coal development should be harmonious with environment. “As a kind of resources enterprise, coal enterprises should and must lead to change industrial civilization to ecological civilization. We should build big coal mine and big ore cluster, change past extensive growth mode and develop from dominant coal to diversified development. We should also speed up to build integrated base of coal and electricity to make coal-electricity integration advantages extend to the whole industry.

At the same time, Zhang Youxi thought that we should change previous economy development idea. “We should insist on green concept, construct green mines, change industrial chain advantage to ecological advantage, change economy supremeness to harmonious development between economy and ecology, carry out important ecological restoration engineer, build beautiful home and insist on Green GDP”. He said.

Almost every speaker in this forum referred to sustainable development. In the situation of every big mining enterprises carrying out new round of reform, Wang Jianhua who is the President of Zijin Mining Group Co., Ltd. thought that we should be more cautious. He put forward several questions on current sustainable development. “Shortage is unsustainable, while is excess sustainable? Is monopoly sustainable? Is all large-size, large scale and over speed development sustainable? Is highly depending on import sustainable? These questions deserve us to reconsider.”

“I thought that people engaged in mining should have a deeper understanding of taking responsible. As Lu Xun said that limitless places and people have something to do with people engaged in mining.” Wang Jianhua said with a deep feeling when he referred to social responsibilities of mining enterprises.

Overseas investment; Insist on Mutual Benefits

Now, more and more Chinese enterprises are aiming to overseas market.

Yu Changqing who is the Chairman of Shandong Gold Group put forward that the main tendency was cooperation, mutual benefits and development. “Extremely volatile minerals price is challenging our abilities and testing our wisdom of responding. If modern but traditional mining industry wants to develop well and realize value maximization of resources allocation in the situation of economic adjustment, mining enterprises should cooperate mutually, which is inevitably demands of mining industry and strategic needs of mining enterprises.”He said. He also suggested mining enterprises explore to build mutually-beneficial and cooperative mining system platform first, then explore to build mutually-beneficial and cooperative science and technology service platform and explore to build mutually-beneficial and cooperative information interactive platform. 

Liu  Xiangmin who is the Senior Vice President of Aluminum Corporation of China limited thought that now is the best timing for domestic mining enterprise to accelerate transformation. “The slowdown of economy growth has created opportunities for mining enterprise to integrate resources and transformative development as well as created conditions for the self-development of quality exploration enterprises with bright prospecting outlook. Some powerful enterprises could have a global view to carry out strategic transformation better. 

On the investment cooperation of mining industry development, win-win has become a key word.

Xu Shusen suggested that we insist on cooperation idea of mutually benefit and common development and jointly develop with interested parties. “Mining enterprises could cooperate with foreign local powerful enterprises or domestic big groups and be dominant stockholders, which is in favor of giving full play of management, technology and talents, striving for preferential policies of foreign countries and getting support of partners. Mining enterprises should also insist on resources sustainable development and emphasize environmental protection, energy saving and emission reduction.”

In Xu Shusen’s point of view, the most important things are to fully integrate social responsibilities to company operation and management; be people oriented, guarantee legal interests of employees of host countries; care staff, strengthen their sense of identity for enterprises to create good environment for enterprises development. 

Xu Hailong who is the Managing Director of Eldorado Gold (Beijing) Management Co., Ltd suggested that domestic mining enterprise should deepen opening-up. “The feast in the past years would not reappear in future long period, but China still has great influence to global mining. Everyone is related at globalized present. We need others’ resources and others need our market. China is one of the most fast developing countries, so China’s enterprises need to go out constantly to obtain some resources. We have been going out for many years and we still need to be more open. International Energy Agency predicted that 80% of China’s crude oil will be dependent on foreign countries, so it is better for China to go out to get that 80% rather than ensure its own 20% with more efforts. China should allow foreign enterprises to invest in China, increase communication and even form partnership to achieve win-win result.”

“State-owned holding companies should make full preparation when carrying out overseas investment. The most important about how to minimize the risk is to change idea and mode of managing domestic enterprises and build risk early warning system.” Wang Feng who is the Vice General Manager of Yunnan Chihong Zn & Ge Co., Ltd said.

Wang Feng also suggested to establish risk monitoring and early warning system, carry out  multiplex investment strategy and build company alliances in practice. In dealing relationship with aborigines and local community, it is better to hire local law firm to be the representative to negotiate and communicate with them and companies win’s participate directly. Chinese enterprises should take various ways to improve transparency of the company and be responsible.

“Environmental risk control is a problem that has been ignored for a long time. We could invite environment companies which is famous in home and abroad to identify and evaluate local environment where our projects are”. Wang Feng also referred.

Clive Tasker who is the CEO of Beijing Investment and Consulting Company of Standard Bank Group thought that Africa might become the new favorite place of investment. “In the future, Bulk commodities in Africa will be more and more important. In this big context, Africa means opportunity. Chinese enterprises’ investment in Africa has grown faster than other countries’. Demands from China will be continuously increase in the future and Africa will benefit from China’s investment in the whole industry chain.” He said. (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 further improve management of shale gas exploration

Source: www.chinamining.org.cn  Citation: www.chinamining.org.cn  Date: Nov.11, 2013

In Canada-China Mining Regulatory Workshop of CHINA MINING 2013, representatives of the two sides had an in-depth communication on their own new minerals management regulations. Che Changbo, Deputy Director General of Exploration Department of Ministry of Land and Resources of China, said that China would further improve the management of shale gas exploration and mining. 

“About shale gas exploration in China, first, the government expands infrastructure investment, petroleum companies follow up commercially next,” Che Changbo pointed in his speech, “ at the same time, the government should encourage social capital and entities to involve in. China government also welcomes joint ventures to join in the bid”.  

Ministry of Land and Resources of China issued Notice on Strengthening the Exploration and Supervision of Shale Gas (Notice in short in the following) in 2012, in which the operating procedure of shale gas exploration and development was specified. The Notice also stipulated that the management of shale gas would be the same with conventional gas. 

At present, the Ministry of Land and Resources of China and the related departments had made some adjustment on the Notice. Preferential policies of shale gas exploration and development had been set. Mineral resources compensation fees and mining right royalties of exploration companies will be charged less. Tax incentive policies like resources tax, VAT and income tax etc. had been issued. According to current tax rules, equipments which could not be produced in China will be free of import duties. What is more worth of attention is that the shale gas mining will encourage more foreign investment to join in.  

The Ministry of Land and Resources of China and the related departments focus on carrying out shale gas research and strengthening technical breakthrough. Under the organization of the related departments, China had built shale gas mining demonstration base. Besides, the Ministry of Land and Resources had built linkage mechanism with departments in provinces and cities, taking a set of measures to promote shale gas exploration. The measures include: To guarantee bid-winning enterprises’ shale gas exploration and mining, the authorities will hold activities like experience introduction, project matchmaking and technology training etc; Let bid-winning enterprises learn at the site of shale gas exploration and mining; Build information platform to realize materials sharing on shale gas exploration and mining; Practice “one to one help strategy” to help bid-winning enterprises rapidly enter stable, well-organized and continuous exploration and mining stage.

At the same time, the Ministry of Land and Resources of China are strengthening the collaboration with departments in provinces, completing inspector teams and reinforcing supervision of shale gas mining to let shale gas mining go more smoothly.(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.

Building harmonious mine community brings resonance

Source: www.chinamining.org.cn  Citation: www.chinamining.org.cn  Date: Nov.11, 2013

The forum of harmonious mining community was held in CHINA MINING Congress and Expo on November 4, 2013,in which six experts made the excellent speeches, covering experience in building harmonious mining community, advanced concepts of harmonious mining community , policy designs ,counter measures and so on.

Wang Kun, the Deputy Director-General, Dept of Minerals Exploitation Administration, Ministry of Land and Resources, PRC said that in recent years we achieved many positive results for the construction in the pilots of harmonious mining community. In Guizhou, Qinghai, Inner Mongolia and other 11 provinces，we carried out harmonious mining community construction in different levels, having made many progress: First, one pilot periodic task was building harmonious mining community in Inner Mongolia, where we established the benefit distribution mechanism by making immigrant relocation compensation and the mining area ecological restoration compensation system as the core, local government and residents taking the stake in mining enterprises as the supplement. Second, harmonious mining community constructions were explored by adjusting measures to local condition in some regions. Since 2007, in Guizhou and Qinghai, local government, mine enterprises and mining area residents benefited sharing. We adjusted the structure of fiscal expenditure and income distribution, strengthened social responsibility in mine enterprises, taking various measures to increase residents` income. In Tibet Lhasa, Ganzhou city of Jiangxi, Qujing city of Yunnan and Yulin city of Shaanxi, the guidance for harmonious mining community construction was issued, realizing CO construction, CO governance and sharing of village mines. Third, China Mining Association and other coal associations of mining industry organized many enterprises to improve the construction of harmonious mining community. 

Wang Kun also said Ministry of Land and Resources of China had a new consideration in pushing forward the construction of the harmonious mining community: Firstly in Inner Mongolia, we would continue to expand the pilot, support and encourage the governments in proper provinces to build harmonious mining community pilots. Secondly, we would guide industry associations to carry out the pilot construction of harmonious mining community.

This forum is hosted by Yao Huajun, Dean of Chinese Academy of Land & Resource Economics. In the forum, Zhong Hongwu, the Director of CSR Research Center, Chinese Academy of Social Science made a speech of “a comparative study of CSR reports from Chinese and foreign mining companies.”Zhang Jinhong, the General Manager from Business Development Dept of China Minerals Nonferrous Metals Holding Co., Ltd gave a speech about “actively promote internationalization and firm performance of the overseas social responsibility” .Hou Chengqiao, the Deputy Manager of Shandong Gold Group Mining Co., Ltd. and Ross Hamilton, the Director of International Council on Mining and Metals also made speeches in the forum respectively named “Harmonious mining community development ”and “to create Harmonious mines and build modern mining industry”. (Ding Shuangli) (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.

The world opens arms to China again

Source: www.mlr.gov.cn  Citation: Citation: www.chinamining.com.cn  Date: Nov.11, 2013

The annual China Mining ended quietly, but the passion voice at the conference from spokesmen of different nations has long lingered. They represent the five continents over 50 countries around the world, traveling far away to China, delivered their latest information in the field of mining to every corner of the world through mining congress.

In the forums of China Mining, representatives from Russia and central Asia, Chile, Canada, Australia, Greenland, Peru, Argentina and Africa and other countries and regions have given detailed introduction of their own mining cooperation projects and investment opportunities. Through the fog, we can see that the concern of the international mining industry is to encourage international cooperation and exchange, to mineral development technology, and to protect environment in mines.

In addition to spare no effort to promote and sell its own mineral resources, mining development policies and regulations, and so on and so forth, to welcome investment by Chinese enterprises is also their common aspiration...

Sufficient resources - the biggest temptation to investors

With the high-speed economic development situation, mineral resources, as “food” and “blood” of industrial development, are becoming more and more important. Due to the different mineral resources endowment and uneven distribution, many countries cannot be self-sufficient on the mineral resource demand. What’s the worse, in some countries, including China, a large number of mines have entered the middle-late period for mining. The situation of mineral resources is urgent. Other countries, especially African countries, have a wealth of resources reserves, but lack of mining technology and capital. As a result, the integration of the utilization of resources is imminent.

Information comes from the China Mining that the world`s largest mineral kingdom has gradually let go of mineral development policy. International exchanges and cooperation bring a new life to the industry.

In terms of mineral resources, every country participating the conference has carried on detailed instructions with respect to its advantages in mineral, and foreign mining areas are introduced. From the forum we can see, Africa is still a “hot place”, rich in mineral resources, and has great potential in mineral exploration.

Gold reserves in Africa have always been the concern. There is also metallogenic belt rich in iron ore resources located in the Congo (cloth), Cameroon, and Gabon etc. of central Africa. South Africa’s manganese production accounts for about 80% of Africa. Half of Chinese manganese consumption is from South Africa or other parts of Africa. About 3 billion barrels of oil reserves have been found in East Africa, and its potential may be bigger, which will be likely to reach 8 billion to 10 billion barrels of oil. There will be more and more oil discovery in Mozambique or other east African countries.

At the same time, other countries also attract the foreign enterprises’ investment with rich mineral deposits. In Australia, there is high quality coal resources, the world`s lowest sulfur content coal, and very rich natural gas resources. Compared to other countries, Australia’s coal is cleaner, and gas supply is more stable.

South America like Chile is full of opportunities. It is the world`s largest copper producer, whose annual output is 6.5 million tons, accounting for 32% of the world. As the world`s largest copper producer, Chile is the center of the mining industry in South America. 11 out of 15 of the world’s most important copper mining companies have established subsidiaries in Chile. Argentina also has an obvious advantage on mineral reserves. Its copper, gold, lead, molybdenum, lithium mineral developing and private enterprises and state-owned enterprises developing are obvious to all. The Argentine mining investment has huge potential.

Central Asia region such as Kyrgyzstan is rich in gold and oil reserves. Tajikistan is also rich in zinc, antimony, tungsten and other rare metals and non-ferrous metal reserves such as precious stones. Gold resource is very rich, and silver is the most important mineral resources.

India in the south of Asia is rich in mineral resources. At present, there are 39 species of the minerals mined, among which coal, lithium, chromium, iron ore, rare earth, manganese, and bauxite are abundant. In addition, India’s steel industry is also very active.

The Greenland in Arctic zone is rich in zinc lead, ruby, iron, zircon, rare earth elements and other mineral resources.

Preferential policy- another far mar to attract Chinese capital

It is worthy of attention that countries all over the world relax foreign investment restrictions gradually, and take a series of preferential policies to attract foreign capital. The biggest foreign policy window of this year’s China Mining is that Australia plans to cancel a carbon tax and mineral resources rent tax (MRRT) and increase investment in mining exploration, so that to build a good environment and invite Chinese investment sincerely.

In addition, Chile welcomes China with its open mind. At present, Chile has signed 22 free trade agreements with 59 countries or regions in the world. At the same time, the country has signed tariff-free dual agreements with 25 countries or regions in the world, and the agreement with China is being discussed. And Chile implements preferential rates for imported raw materials. Both in China and South Korea can put the raw material imported to Chile for processing and manufacturing.

Canada also emphasis on the lowest corporate tax rate, and it has the world’s best business environment. Canada has very strong strength in mineral development, geology, environmental management and finance. On the forum of investment in Canada, Marian Campbell Jarvis, Assistant Deputy Minister for the Minerals and Metals Sector, Dept of Natural Resources, Canada said “We have a very stable and transparent regulatory system and investment environment, and also has a responsible resources development system, which helps to improve enterprises’ efficiency. Furthermore, the foresight of examination and approval is transparent and the whole process is very smooth. In addition, Canada is the very safe and reliable provider of energy minerals and metals. We are looking forward to strengthening cooperation in investment, science and technology, and establishing cooperative partnership with other countries.”

As to foreign capital, there is no limitation in Kyrgyzstan, let alone 25% or 30% of the holdings limited. The investment environment is very attractive. However, at present most of China’s investment in Kyrgyzstan are relying on other countries as an intermediary. Kyrgyzstan is looking forward to establishing relations with China directly.

In the Russian federation, there are several main laws affecting the investment in the field of mining, including the Subsoil Resources Law and the Underground Resources Development and Licensing Regulations that went into effect in 1992, as well as law No. 57 and No. 58 promulgated by the federal on May 7, 2008. Among them, the business of No. 57 rules and regulations involves that holdings of important plot mining company should be limited within 10%, and all activities should be examined and approved in advance. But according to a new revised in November 2011, the restriction of foreign ownership was raised from 10% to 25%. That is to say, if foreign investment accounts for a 25% stake or below, its activities could run without approval. In addition, on the forum of investment in Russia and central Asia, Nikolay Matyash, Executive Director, Mining Advisory Council, said “Despite these limitations, the Russian government is hoping to promote foreign investment in exploration.” The Russians think that underground resources exploration should be implemented for all single license, and 57 and 58 regulations should be further revised, which can make Russian investment environment more friendly for foreign investment.

 “We will go to visit xi’an this time. Some corresponding cooperation agreements will be signed, and talents in the field of exploration will be imported from xi’an, to guide our exploration work.” On the forum of investment in Russia and central Asia, Director of Tajikistan Geological Exploration, said “Now tajikistan not only actively strengthen cooperation with China in mining technology, and construct and perfect the legal mechanism to attract more foreign investment.”

Zimbabwe takes duty-free policy, encouraging the introduction of advanced mining technology. “There are so many investment opportunities in Zimbabwe mining, including the infrastructure, development of mining, and selecting mining”, Walter K.Chidhakwa, Minister, Ministry of Mines and Mining Development, Zimbabwe， pointed out on ministers’ forum of CHINA MINING that “We encourage foreign companies to invest in mining industry, especially encourage them to use the best technology to reduce costs and increase profits. For the introduction of advanced technology and equipment, Zimbabwe takes duty-free policy, hoping to promote the development of the native mining technology by encouraging foreign investment.”

 “Because we had a lot of laws in this aspect before, the foreign capital was limited to enter. We have conducted a series of reforms to attract enterprises to invest in mineral development, and the related laws and regulations of prospecting and mining have been simplified to be more suitable for the domestic and foreign mining investment”, said Milan Bacevic, Minister of Natural Resources, Mining and Spatial Planning, Serbia. In addition, she also mentioned that Serbia planned to hold an international mineral resources investment fair in the next year in March or April, and welcomed everyone to take part in it actively.

There are a lot of mining investment laws and some tax incentives in Madagascar. After running for 5 years in Madagascar, companies can apply for income tax reducing, mining operation tax can also be reduced by 25%, and processing operation tax can be reduced by 10%. In addition, there are international arbitration clauses in Madagascar for enterprises to provide a convenient channel to protect their rights.

Jens-Erik Kirkegaard, Minister, Greenland Autonomous Government, Ministry of Industry and Mineral Resource, said: “Greenland has changed the policy for radioactive resources, and cancelled the ban on the radioactive uranium and rare-earth drilling.” In addition, he also said that there is a new mining license in Greenland, including iron ore, ruby, rare earth, lead and zinc, and so on. These are the latest progress in the mining industry of Greenland. There are certain conditions for applying for mining in Greenland. The first is to hold comprehensive hearings. Secondly, as Greenland is much concerned about the mining’s benefit to the society, it is necessary to ensure that both the society and the company could obtain corresponding profits from the mining development.

At the China Mining 2013, different countries showed their investment potential with rich mineral resources and preferential policies, and invited foreign capital injection, including China. We are at the start of economic recovery and the global economic structure is under reshuffle. It is a very good opportunity to develop for China’s mining industry and the world economy.

The construction of infrastructure and safety - factors must be considered

While countries are scrambling to introduce themselves, we also have to face the severe challenges to co-exist with them.

Africa has been a piece of Brown Cake rich in treasure of mineral resources to other countries for a long time, and the phenomenon of “hot” mining in Africa continues till now. However, as foreign investors, we have to take its backward infrastructure construction, lack of mining technology and unsafe social environment into consideration.

At this year’s China Mining, spokesmen from the African countries have repeatedly stressed that the government vigorously strengthen the construction of national infrastructure, to create a good investment environment for investors. However, thinking calmly, the African economy is after all relatively backward- infrastructure construction starts late; its mining fields are most in mountainous areas; traffic is extremely inconvenient; mining environment is relatively poor. Take the iron ore metallogenic belt in the Congo, Cameroon, Gabon as an example. There are very large resources reserves in the area and it is also a place full of opportunities for development. But there are a lot of restrictions with the infrastructure here, which requires investors to develop roads and other infrastructure. Other metallogenic belts, such as Guinea, Sierra Leone and Libya, develop faster. These countries haveupgraded the railway transport recently while shipping is relatively more developed.

There are the problems of miscommunication, racial discrimination, and even security issue, which may exist in all countries. There is attractive environment in Africa. Let’s take Botswana as an example, which is an ideal place for investment with very good power grid, power generation, power generation equipment, railway and highway, etc. But what makes many investors hesitate is too much negative publicity on the Internet. Africa is an extremely large place with complex regions, and it will naturally leave a stereotyped impression to investors. They may think there are a lot of mysterious things. In addition, there are miscommunications, especially the personal safety problem. Of course, the problem exists in other areas, and it is an unavoidable risk. As to the solution, the local government’s policy construction and publicity is a very important aspect, and some multinational mining organizations can also play their role.

Environmental protection and scientific and technological innovation-stride the threshold

In addition to the two challenges existing since ancient times, namely construction of infrastructure and social security has, the mining investment now faces with the challenge with the times characters.

Referring to mining development, countries no longer simply focus on economic benefit, but are more concerned about the balance between economic and environmental benefits. From the previous mining conference till now, the green and harmonious mine construction has always been the theme.

At the national project promotion, we all agreed on that with the introduction to mineral resources, treasure cannot be under escort at the cost of the ecology. Calls for green mining are becoming higher around the world. It has become the challenge of the times to develop the advanced prospecting technology vigorously, and to promote green and harmony mine construction.

 “Although rough mining way with environmental abuses will bring more profits, it is necessarily the wrongdoing to ruin the future in the long term.” On the promotion conference, The Minister of Minerals of the Sudan specially emphasized on the importance of environmental protection and the miners’ health, and pointed out that Sudan had adopted a series of measures to safeguard the rights and interests, including the corresponding laws. At the same time, the qualification certificate for the mining right was limited- both the mining license issuing and mining period extension required the approval from the mining minister personally to ensure that investors can comply with the law.

On the forum, Mary Ann Campbell Jarvis said that Canadian invests in science and technology, strengthen environmental protection, improve energy efficiency, and reduce the pollution of tailings. At the same time, Canada has also established a special action in earth science to provide the next generation of technology, especially the technology to help with in-deep development. Canada greatly admires that the enterprises take social responsibility in the process of mining.

On the forum of mineral resources management in China and Canada, Bruce Madu, Director of Mineral Development of British Columbia, Canada, introduced mine reclamation measures in the province in detail, which is of very important significance to the world’s mine reclamation. Its gradual reclamation is the focus of the management work. The Canadian government proposes the progress of the reclamation and research reports every year which update every five years. Every mining license need to pay the security margin and the deposit. If it doesn’t comply with the related articles of reclamation on the license plate, mines and investigators can confiscate the deposit, or even shut down its mines.

“I remind investors in Peru that they need to pay attention to the way of water treatment, for that we are concerned about the problem of water pollution”, emphasized the Hon. Jorge Merino Tafur, Minister, Ministry of Energy & Mines, Peru, on ministers’ forum of CHINA MINING. On the one hand, water and power resources are very important for mining. In Peru, there are a lot of water resources are available in the aspect of the whole mining processing. At the same time, there are a lot of hydropower projects under development, and electricity is not a problem. On the other hand, as to the resource utilization, Peru especially emphasizes that attention should be paid to environmental protection. Mining production and processing prone to cause pollution and Peru regards the protection of the environment especially the water resources as important.

On ministers’ forum, Germán Elías Alba, Deputy Minister, Minerals andMetallurgy of Bolivia said: “I’d like to remind Chinese companies to pay attention to environmental protection if they want to make better investment in our country. From 2009, our country has been committed to environmental protection, and there was a new legislation. For example, there have been specified regulations for mining environmental protection in the Constitution and the Mining Act.”

India also attached great importance to the sustainable development of mining industry. “How to use the limited natural resources is a challenge to the world mining industry. We have formulated the related laws and regulations to maintain the ecological protection and sustainable development in the process of development. We hope to exchange experience and promote development through the communicating with the world.” said Shri R.H. Khawaja, State Secretary, Ministry of Mines, India, on ministers’ forum.

In addition, the speakers on the forum, especially spokesmen from African countries, emphasized the importance of technology innovation. Walter K.Chidhakwa, Minister, Ministry of Mines and Mining Development, Zimbabwe, emphasized that Zimbabwe encouraged mining companies to reduce development costs with the best technology and ensure product quality. There is the tax-free policy for equipment needed for importing technology. Zimbabwe welcomes investors bringing advanced technology.

Namibia also hopes that foreign investors can bring more new technology and further strengthen its investment in infrastructure. The Namibian government is willing to strategize with investors, and promote the mining industry in Namibian for sustainable industrial development.

Different situations call for different action. Facing various challenges and opportunities, we believe that the global mining industry should strengthen communication and cooperation to find a win-win way to solve it.

Social responsibility - the enterprises’ duty

South Africa is rich in resources and the first choice for mining investors. However, we must have the social responsibility while mining, and be responsible for the country investing and the local residents.

In order to ensure the investment companies’ sense of social mission, not only the approval mining projects in South African have to be examined, but also they have to get social permission. On the forum of investment in Africa, Joel Raphela, Deputy Director General, Mineral Regulation, Dept of Mineral Resources, South Africa, said: “We have been paying attention to the development of mineral resources, and also allocate resources to realize the reasonable allocation of resources. In our country, we strengthen the laws of the health and safety of the mining in order to reduce the number of miners casualties as far as possible, also had legislation on diamonds and precious metals to improve the investment environment in our country.”

At the same time, the effect of mining development to promote social employment in South African is promising. South Africa has developed social and labor related solutions, aiming to solve the problem of human resources and local economic development. Moreover, the approval mining project in South African not only has to be examined. South Africa is very concerned about safety and miners’ health problems of the project. Each project has to get social permission before running.

Partners – stimulate the potential of Mining

With the in-depth development of economic globalization, we are no longer in the solo and closed age but have entered the efficient time by win-win cooperation. Now mining development should no longer be behind closed doors either, but bulk so as to create the highest economic benefits in the form of win-win cooperation.

The China Mining this year has paid more attention to exchanges and cooperation between countries. A display platform was offered to mining cooperation projects and investment opportunities on the international mining industry seminar, in order to achieve the purpose of strengthening pragmatic cooperation between countries.

Looking back the China Mining 2013, we can find that the world’s major mineral resources countries, such as Australia, Kyrgyzstan, Tajikistan, Sudan, etc., have maintained long-term and close partnership with China. Ian MacFarlane, the Industry Minister of Australian said in a speech that all investment from China would be popular in Australia. This spirit should be reflected in the final agreement.

Taking this opportunity to ponder, we have fully understood that the natural resources projects in Australia are large in scale. However, at the same time, it also means a huge investment. Instead, China is humongous, but less in per capita resources. There is an increasing demand for resources along with the economic development and social progress. Cooperation in mining in globalization era provides a good opportunity for the supply and demand docking. China Mining, as one of the four largest mining events in the world, is to grasp the opportunity and provides a platform of cooperation between countries.

The world needs China, and China should integrate into the world. As the China Mining 2013 ended, countries agreed on that only by establishing effective partnerships could the unlimited potential for development be stimulated.（Wu Haiwei）（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 22-23, 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.

Tianjin Daily ：Focus on CHINA MINING 2013

Source: Tianjin Daily  Citation: Tianjin Daily Date: Nov. 5, 2013

The Hon. Ms. Marian Campbell Jarvis

The Hon. Ms. Marian Campbell Jarvis, Assistant Deputy Minister for the Minerals and Metals Sector, Dept. of Natural Resources, Canada:
Promote the development and utilization of green mining together

"CHINA MINING continues to grow, and we saw more participating countries and regions, more delegates this year. Activities organization, arrangements and thematic forums are impressive." The Hon. Ms. Marian Campbell Jarvis, Assistant Deputy Minister, Minerals and Metals Sector (Natural Resources, Canada), who has come to Tianjin three times, witnessed the growth of CHINA MINING.

"PDAC has been successfully held more than 80 sessions, and I hope that the two sides can promote the development and utilization of green mining together, and strengthen the exchange of ideas and good experience." Ms. Marian Campbell Jarvis introduced, "this year’s CHINA MINING is a win-win meeting brought together a lot of resources, projects and experts, which brought in a positive role in promoting and recommending. At the same time, it provides a showcase of the policies and programs for the governments and enterprises”, she said, “more and more Canadian companies attach great importance to CHINA MINING and they will join in it actively.”

The Hon. Jorge MAYORAL

The Hon. Jorge Omar Mayoral, Secretary of Argentina Mining, Federal Ministry of Public Investment Planning and Services of Argentina:
A thousand miles begins with a single step

"I’d like to begin with a Chinese proverb: it is a thousand miles begins with one step." Interviewed by the reporters, The Hon. Jorge MAYORAL, Secretary of Argentina Mining, Federal Ministry of Public Investment Planning and Services of Argentina made such an evaluation on the cooperation of both sides in the mining industry. He said that participating in CHINA MINING was a good opportunity to enhance the awareness and understanding of both sides, and also the starting point of a thousand miles.

"Argentina is rich in mineral resources, and it is also very important to our future’s economic growth and now China has become the engine of world economic development. We hope that we could further the cooperation with China in the wide range of the needs of the mineral products and processed products." He told the reporters. At present, the enterprises of the two countries in the utilization of mineral resources have signed a framework of cooperation agreement.

"After many years of accumulation, CHINA MINING has been increasingly sophisticated, and its worldwide influence is growing too." He said Argentina had decided to send a delegation to join in this annual event every year. He jokingly said, "Next year we have a chance to meet again."

The Hon. Jorge Marino Tafur

The Hon. Jorge Marino Tafur, Minister of the Ministry of Energy & Mines, Peru: International Mining Communication platform set up in Tianjin  

Yesterday morning, The Hon. Jorge Marino Tafur, Minister of the Ministry of Energy & Mines, who came to Tianjin to attend 2013 CHINA MINING said in an interview with the reporters, "This trip leaves me a feeling that Tianjin is an evolving city and its economic volume is also growing."

Mr. Tafur said that the cost of living in Tianjin was not so high as the one in Beijing. It had a beautiful environment with convenient transportation and it was very livable. Tianjin has already become a platform for the exchange of international mining industry. Governments and enterprises of different nations all brought their good projects here to promote and recommend.

"CHINA MINING has been permanently settled in Tianjin, which fully proves that Tianjin has extraordinary advantages in its infrastructure, as well as various aspects of coordination ability." Mr. Tafur said, "I hope that Tianjin could attract more successful people here to promote their projects, invest and settle down with its own advantages." (Hu Xiaowei / Meng Xing)（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.