China Supports The Development Of Mining Industry
The government in 2000 approved the opening of a diamond exchange market in Henan
. China in 2000 became the worlds eighth-largest consumer of precious stones (actual figures were difficult to ascertain because of smuggling and overseas purchases), and Great China, which included Hong Kong and Taiwan, was believed to be the worlds third-largest diamond market, after the United States and Japan.
In 2000, the government issued several laws and regulations to improve the countrys investment environment and foreign investors confidence. The laws and regulations dealt with, among other things, mineral resource exploitation planning, land exploitation, mine ownership transfer, customs law, gold mining, Sino-foreign contractural joint ventures, foreign capital enterprises, and mineral-resource deposit size classification standards. The government continued its efforts to restructure the mining and metal sectors, abolishing nine bureaus, transferring responsibilities to industrial associations, dissolving three state-owned nonferrous enterprises, and, to help the industry become more efficient, ceding management to provincial and city governments.
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The government also offered incentives to companiesexemption from income tax, tariffs, and import value-added tax (VAT)to invest in the poorer western provinces. It also began to phase out the preferential taxes for foreign enterprises, prepared to draft a zero tariff rate policy for exports, issued guidelines to allow foreign enterprises to conduct mineral exploration in China, and agreed to eliminate import quotas and dismantle export subsidies. China planned to increase production of cement, copper, fertilizer, iron, lead, nickel, salt, soda ash, and zinc, and expected to retain its dominance in the world market for antimony, barite, fluorspar, magnesite, rare earths, and tungsten. ore beneficiation:http://www.hxjqchina.com/n28.html
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Exploration and Other Mining Support Services contribute to Australia's profitable mining industry. Large mining companies usually undertake exploration and conduct geological research to determine where to mine. During the target generation phase, companies utilise mapping, geophysics and geophysical testing of the surface and subsurface materials to determine whether mineral deposits do in fact occur at the specified site. During the resource evaluation phase, the grade and quantity of the mineral deposits found is determined.
Alongside exploration, services include the cementing of oil and gas well castings, directional drilling and redrilling, draining and pumping services and other oil and gas field support. The oil and gas industry uses large wells with castings, which need to be secured before a well can be used. Companies in this sector are responsible for cementing these wells to ensure the safety of both the well and those working in or around it.
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by: Hongxing Mining Machinery
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