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The pace of "going out" of mining enterprises has been accelerated
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Staff Corner
Industry news

The pace of "going out" of mining enterprises has been accelerated

Classification:
Industry news
Author:
Source:
2011/03/22 14:37
[Abstract]:
Zimbabwe, Africa, July 28, not very hot, and then, in the south of its third largest city mottare diamond mines, the province's mining "masters" are sweating, hot "nuggets". Reporters learned from the provincial bureau of mines, recently, anhui enterprises "go out" nuggets overseas minerals and a major breakthrough, by the bureau and the provincial economic construction group cooperation Zimbabwe diamond mining project officially launched in mid-july.

Zimbabwe, Africa, July 28, not very hot, and then, in the south of its third largest city mottare diamond mines, the province's mining "masters" are sweating, hot "nuggets". Reporters learned from the provincial bureau of mines, recently, anhui enterprises "go out" nuggets overseas minerals and a major breakthrough, by the bureau and the provincial economic construction group cooperation Zimbabwe diamond mining project officially launched in mid-july.

 

Zimbabwe's mineral wealth and millions of carats of diamonds once made it the world's top diamond producer. Related person in charge of the provincial bureau of geology and mineral resources introduced that the diamond mine found in the south of the third largest city of motale in Zimbabwe is rare in the world and has considerable economic value. On February 4th this year, enterprises in anhui province successfully obtained the diamond mining concession certificate issued by Zimbabwe and officially owned the "mining right" of mineral resources. After careful preparation, anhui enterprises officially started to "dig gold" in the middle of July.

 

It is the strategic choice of our province to "go out" to lay out overseas markets and explore and develop mineral resources with large domestic demand and small reserves. The outline of the 11th five-year plan of our province has clearly stated that it supports metallurgical, energy and other enterprises to explore and mine mineral resources in foreign countries by means of cooperation, joint venture and merger and acquisition in accordance with international general rules and regulations, so as to obtain resource rights and interests. In 2004, anhui iron and steel group signed a joint venture agreement with BHP billiton LTD., an Australian iron ore supplier.

 

Up to now, the province has explored and developed mineral resources in Laos, Canada, Australia, Algeria, Mexico, Indonesia, Mongolia, Vietnam and other countries, and has undertaken geological exploration and mapping projects in Indonesia, Korea, Mongolia, Congo and other countries. At the beginning of this year, five mining right projects in Canada applied for the overseas risk exploration fund of RMB 1.9 million, becoming the first overseas development project supported by our province. Six exploration rights in Australia have completed the transfer and delivery procedures, and work visas are being processed. On June 1 this year, China railway construction copper crown investment co., ltd. purchased 96.9% of shares of corriant resources co., ltd. at a cash price of 8.6 Canadian dollars per share before the expiration of the offer, which is the largest overseas acquisition project in our province so far. "Implementing the 'going out' strategy, or starting from risk exploration and developing independently after finding mines; Or cooperation between enterprises inside and outside the province, gradually elongate the industrial chain, which is the 'nuggets' overseas mineral inevitable choice. "Said the head of the provincial bureau of geology and mineral resources.

 

It is the strategic choice of our province to "go out" to lay out overseas markets and explore and develop mineral resources with large domestic demand and small reserves. The outline of the 11th five-year plan of our province has clearly stated that it supports metallurgical, energy and other enterprises to explore and mine mineral resources in foreign countries by means of cooperation, joint venture and merger and acquisition in accordance with international general rules and regulations, so as to obtain resource rights and interests. In 2004, anhui iron and steel group signed a joint venture agreement with BHP billiton LTD., an Australian iron ore supplier.

 

Up to now, the province has explored and developed mineral resources in Laos, Canada, Australia, Algeria, Mexico, Indonesia, Mongolia, Vietnam and other countries, and has undertaken geological exploration and mapping projects in Indonesia, Korea, Mongolia, Congo and other countries. At the beginning of this year, five mining right projects in Canada applied for the overseas risk exploration fund of RMB 1.9 million, becoming the first overseas development project supported by our province. Six exploration rights in Australia have completed the transfer and delivery procedures, and work visas are being processed. On June 1 this year, China railway construction copper crown investment co., ltd. purchased 96.9% of shares of corriant resources co., ltd. at a cash price of 8.6 Canadian dollars per share before the expiration of the offer, which is the largest overseas acquisition project in our province so far. "Implementing the 'going out' strategy, or starting from risk exploration and developing independently after finding mines; Or cooperation between enterprises inside and outside the province, gradually elongate the industrial chain, which is the 'nuggets' overseas mineral inevitable choice. "Said the head of the provincial bureau of geology and mineral resources.