Mineral Resources Digging Should Be Limited

Mineral resources are natural resources for mankind's survival As the investigation mining technology and mining equipment has been lagging behind present, China is not fully rational utilization of mineral resources. With the low-carbon era, green theme promotes the development of circular economy, Chinaintroduces the measure of resource integration and other measures to ensure the rational utilization of mineral resources. Mining excavators, loaders, hole drilling,crushing machine, crushing station and other mining machinery will face new opportunities and challenges.The total mineral resources in China is rich with species range, but the per capita isless than the world average. The quality of mineral resources is bad. The geographical distribution is uneven. The large, very large mining and opencast mining are seldom. The utilization rate is insufficient. The mineral smelting technology drop behind. China's iron ore, manganese ore, chromite, copper, bauxite and other important minerals are in short supply or lack of proven reserves, most of the important mineral depend on foreign imports. HC Construction Machinery Net analyzes the status of distribution of domestic mineral resources, and pay attention to build the authority of the brand's "mining machinery column," and will be carry out on March 22, the introduction of the column provides good communication and exchange platform for the mining machinery business.

A source with the State-owned Assets Supervision and Administration Commission of the State Council said China may proportionately restrict reckless investments in fossil resources at home and abroad by China's state-owned enterprises (SOE) with mining operations billed as their non-core businesses. But the policy of encouraging further mining investments by SOEs will remain in place.

The source said a few affluent central government-controlled firms are in rush to paw at mining assets under the cover of portfolio transformation because of coveted benefits amid strong demand for mineral resources.

Those risks are perhaps threefold: causing undue competition among SOEs when they bid for the same overseas tender, unexpected losses and assets devaluation due to opaque and loose management regulations and possible labor disputes.

The commission will tighten approval on investments in mining assets by SOEs whose main businesses have little to do with resources exploration. Performance-related promotion system will also be improved to observe this principle.

With its high quality products such as Limestone rotary kilnCone crusher supplierJaw crusher supplierHenan Hongxing mining machinery Co.Ltd has ascended in the front rank of the world in the exporting of mining equipments.

by: nicole

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