12 Ministries And Commissions Issued Notice To Improve Integration Of Mineral Scale And Industrial

In policy driven by domestic mining enterprises will surge from the merger

, and acquisition of overseas mineral resources has long been rough.

27 days, Land Department, Ministry of Industry and other 12 ministries jointly issued a "Circular on Further Promoting the development of mineral resources, integration of the notice." Clear that coal, iron and other 15 kinds of mineral resources will further promote the development of integration work, where the failure to integrate the implementation of the program areas to complete the integration task, since January 1, 2011 from the mining rights shall not be new.

12 ministries under the arrangement, before the end of March next year, all provinces, autonomous regions and municipalities according to requirements, organize the preparation and approval of integrated implementation plan, and report to the Department of Homeland record. 2010, in accordance with the approved implementation plan to further promote integration, complete integration tasks, establish and perfect the system of mineral resources management, development and utilization of mineral resources in the initial establishment of long-term mechanism. 2011, the integration into the normal management.

"In fact, many mining companies now dispersed, industry concentration is too low, so that large-scale backbone enterprises lack sufficient capacity to influence the market and lead to the Chinese mining enterprises in the international community does not have enough voice." 1 do not wish to be named, said an industry analyst, told reporters that China's mining industry M & A is imperative, a number of key mining companies with a strong anti-industry cyclical decline risks, running to the trough in the industry when, exactly mergers and acquisitions of other companies in the good times in order to achieve bigger and stronger in the international market to increase bargaining power; and a number of small-scale, resource self-sufficiency rate is low, no-cost advantages of small businesses will be eliminated. Land and Natural Resources Information Centre

initial incomplete statistics, since 2008, our acquisition of 60 from outside the mining industry about such as (Minmetals, aluminum, etc.). M & A targets involved in the case of minerals mainly to Fe-Al-based metal resources and energy resources, mainly oil.

The analysts believe that China's iron ore negotiations, often in a passive situation, faced with the upcoming 2010 ore price negotiations, which will allow management to take precautions in advance or the mining industry enterprises integrated to enhance the scale and related businesses concentration in order to fight the initiative of external dialogue. Therefore, future progress of mining enterprises of restructuring is bound to have significant acceleration effect.

26 days, sources said the SASAC issued by the State Council for approval, and Lu in the Changsha Institute of Mining Metallurgical Mining Corporation merged into China Minmetals Corporation, a wholly owned subsidiary enterprises. Minmetals Group in Western Hunan and Hubei and other places also have quite good reserves of manganese resources. After the reorganization of mine hospital Minmetals, Jinrui technology is expected to be integration and development of its ore resources and application platform.

"Who has more mineral resources will come to have greater price advantage." Industry analysts believe that the rapid depreciation of the international mining assets, a large number of mining companies face pressure from the huge debt and a shortage of funds, these companies need to sell assets to reducing the burden, this desire into the international arena for Chinese mining enterprises, the present is a favorable opportunity for cross-border mergers and acquisitions. Through overseas mergers and acquisitions, mining companies the fastest establishing market position, won a controlling voice in the market. More "" Refractory Network HC refractory Network Refractory Information Network

12 Ministries And Commissions Issued Notice To Improve Integration Of Mineral Scale And Industrial

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