Held today on the China International Mining Conference, Vice Minister of Land and Resources Wang Min said China encourages foreign investment in mining.
According to Wang Min, this year, a substantial increase in mining investment in many companies. Gold, diamond, iron, copper become the world's most attractive investment in mineral exploration. Canada, Australia, Peru, Russia and China and other countries continued to increase exploration more attractive to investors. Asia and Latin America has abundant mineral resources, a widely favored by investors in mining areas, continued strong investment in the next few years. Africa has great potential because of its mineral resources, mining has attracted the attention of investors. More and more new investors and the IMF became involved in various mining areas of investment competition. Currently foreign investment in China a total of 795 exploration and mining rights. To further strengthen cooperation, Ministry of Land and development "to support the field of geology and mineral resources of opening up a number of opinions", and increased foreign investment and encouraging domestic enterprises to develop mineral resources in offshore exploration policy support.
It is understood that the first three quarters of this year, Chinese enterprises in the competitive field of foreign investment in mineral exploration and development of a number of projects, involving oil, iron, copper, gold and other minerals. Across the global mining mergers and acquisitions is very active. The first quarter of this year alone, the global mining M & A 231, 3 times for the same period last year, trading amounted to 11.6 billion dollars, up 25%. Strategic cross-border M & A investment in mining companies is more common, more joint venture companies to cooperate
Open recruitment market to raise capital.
It is reported that the current mining industry from around the world gathered in the General Assembly, 42 countries and regions in 2228 on behalf of all the participants. Technology and International Cooperation Department of Land and Resources revealed that the latest information indicates that in 2010 China International Mining Congress and signed an agreement to negotiate the total number of projects will reach 390, 320 of them to discuss potential investigation, exploration and development investment of about 400 billion contract ; plans to sign 70 substantive agreement, contract value is expected to reach 12.2 billion. |
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