日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Make me your Homepage
left corner left corner
China Daily Website

Miners digging deep for a new global strategy

Updated: 2013-11-05 00:34
By Du Juan ( China Daily)

Warning sign

"It is a warning sign that Chinese miners had conflicts with local workers and governments in Zambia and Ghana," said Chang. "Some large mining projects in foreign countries don't offer enough transparency and Chinese companies usually lack communication skills, which could cause misunderstanding."

In addition to different policies and laws, foreign countries often place great importance on environmental protection and community development, factors that also have to be considered by companies during actual operations abroad.

"The biggest problem with overseas investment is blindness," said Chang. In some cases, the investment "goes against common sense and it will end in failure", or it's outside the investing company's area of expertise. One example he cited was that of a Chinese construction company that invested in a copper mine in Afghanistan.

"At a time when China's overseas mining investment is slowing and many large mining companies face unexpected cost increases and a bleak profit outlook, it's irrational and risky for inexperienced, non-mining companies to invest in overseas mining projects," said Wang Jiahua, CMA executive vice-president. He said that these companies should learn from the failures of specialists in the sector.

Private capital boom

According to Wang, up to 80 percent of overseas mining investments have failed.

"I hope they can be well prepared in terms of research and risk assessment of overseas mining markets before they take action," said Wang.

As many countries with abundant mineral resources move to restrict investment by China's State-owned enterprises, private-sector Chinese companies are gradually becoming the majority of overseas mining investors.

In the first three quarters, private-sector investment in the overseas mining sector reached $1.92 billion with 73 projects, while investment by China's SOEs stood at $1.22 billion with 30 projects, according to the association.

"China's private capital has become an important force in the international mining market," said Wang Yanguo, vice-chairman of the China International Chamber of Commerce for the Private Sector.

Last year, the top 500 Chinese private companies invested $16 billion in 730 overseas projects, accounting for one-fifth of China's total outward foreign direct investment, according to Wang.

"Private investment in the mining sector occurs in many forms, which has reduced the potential risks," he said.

Global private-sector investment is increasing and becoming a major competitor with China's SOEs in the international mining markets, said Mike Elliott, leader of the global mining and metals sector with consulting firm Ernst & Young.

Great expectations

Although China's overseas mining investment has slowed, the nation will remain one of the biggest buyers in global markets because of its growing demand.

According to E&Y, China was still the biggest buyer of mining and metals assets globally for the first nine months, accounting for 8 percent of all deals by value.

However, unlike the downturn of 2009 — when Chinese buyers dominated mining and metals M&A — there's increasing private capital interest in the sector, which makes it more difficult for Chinese investors, said Elliott.

Further, deal risks are growing, so Chinese buyers have to be more creative in structuring their deal assets and evaluating their risks.

Chang said that financial institutions and funds are set to play a bigger role in mining M&A.

Plus, after experiencing failures in overseas mining projects, Chinese companies will use more sophisticated investment strategies, he said.

Outbound mining investment services will mature as well, offering better information to prospective Chinese investors.

As for specific types of mines, Chang forecast that interest in precious metals such as gold and platinum will increase, while investment in iron and potash will wane.

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 国产一二三四 | 一级片免费观看视频 | 91视频免费在线看 | 一级大毛片 | 午夜天堂精品 | 蜜桃视频久久 | 午夜视频在线观看免费视频 | 深爱五月激情网 | 九九久久免费视频 | 亚洲精品国产一区二区 | 色妞网站 | 亚洲免费网站 | 深爱五月激情网 | 国产人成一区二区三区影院 | 久久免费在线观看视频 | 午夜在线免费观看视频 | 日韩欧美一区二区三区在线观看 | 亚洲私人影院 | 国产一级二级视频 | 中文精品一区 | 日日爽日日操 | 都市激情男人天堂 | 久久精品这里只有精品 | 国产激情视频在线播放 | 国产精品手机视频 | 欧美做受高潮1 | 欧美三级不卡 | a级在线免费观看 | 国产1区二区 | 国产欧美日韩在线 | 亚洲精品自拍视频 | 五月婷婷网站 | 久久久免费高清视频 | av永久免费观看 | 男人天堂最新网址 | 久久一二区 | 国产女主播喷水高潮网红在线 | 欧美亚洲一区二区三区 | 超碰.com| 日韩第一页在线 | 黄色大片免费的 |