Recent Activity

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  World Mining Industry Presents A Strong Vista

  In spite of the uncertainty of the world's economy recovery, the mining industry is now showing good development potential, said a senior official with China's Ministry of Land and Resources in Tianjin municipality on Sunday.

  It is expected that in 2011 the global investment on mining exploration for the non-fuel solid minerals will reach $13 to $14 billion, which shows global mining is back to the healthy development track, said Wang Min, vice minister of land and resources.

  Wang made the remarks on the 13th China Mining Congress & Expo, which is being held from Nov 6 to 8 in Tianjin.

  Global petroleum demand is now growing at the speed of one percent per year, and some institutions predict that the demand in 2011 will exceed the previous years, Wang said.

  In 2011, the world's demands on the copper and aluminum are expected to increase by 5 and 8 percent, respectively, and gold production is expected to increase by 5 percent.

  Developed countries are also starting their strategic layout on the new resources for the new materials, which extends the research on mineral raw material for the new-tech, Wang said.

  In the first half of 2011, 1,379 mergers and acquisitions took place in the global mining industry, with the trading volume at a record-high of $71 billion, an 80-percent increase compared with the figure in the same period in 2010, Wang said.

  These mergers and acquisitions are still dominated by Canada, Australia and European countries and concentrated on coal, iron, copper, gold and potassium.

  In the first three quarters, China has seen the investment of the mining industry reach 2.6 trillion yuan (about $410 billion), which is a 27.9-percent increase year-on-year, said statistics released by the land and resources ministry.

  China's economy is moving toward the expected direction of the government's macro control, with the surging mining industry providing significant support, Wang said.

  China's mining industry has seen smooth progress on mineral exploration, steady growth on mine production and improvement on the mine environment, he added.

  Moreover, the price on mineral products has been gradually stabilized with active imports and exports. In the first three quarters, the total volume of imports and exports of mineral products reached $704.5 billion, a 34.7-percent increase year-on-year.

  'China will deepen the pragmatic cooperation in global mining industry and oppose the trade protectionism. China will also facilitate to establish a fair and rational system for international mining products trade and investment,' Wang said.

  The annual China Mining Congress & Expo, co-hosted by the Ministry of Land and Resources and Tianjin municipality, has attracted about 4,800 participants from over 50 countries and regions.

  As the professional manufacturer of complete sets of mining machinery, such as Artificial sand maker,Vibrating grizzly feeder,Rotary dryer, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  All-round worker is what mining field need

  A worsening shortage of skilled workers is the top worry for mining executives globally as the industry presses ahead with projects in increasingly tough and remote places, the chief executive of world No. 4 gold producer Gold Fields said.

  'A lot of people ask me what is my biggest concern. What keeps me awake? Having skilled people available to do the job and go to locations that ordinarily they might not be too keen to go to,' Nick Holland told the Reuters Global Mining and Metals Summit on Monday.

  'That is one of the biggest challenges. We are looking to build a whole lot of mines in the future. And getting the right skills to build those mines is a challenge, not only for us, but for the various engineering companies,' he said.

  The Gold Fields project pipeline ranges from Ghana in West Africa to the Philippines.

  Holland said part of the problem was demographic. The average age of skilled professionals in the industry, from engineers to geologists and mine planners, is widely estimated at 50 or above.

  'The baby boomers are starting to get to retirement age. And there is a whole lot of them that are going to disappear very quickly,' he said, referring to the generation born in the two decades that followed the Second World War.

  'If you look at the youngsters coming through, they are looking at other industries,' he said, naming finance and telecoms as examples of industries that university graduates are finding more attractive.

  He said many trained miners had also sought greener pastures in the world of finance.

  'If you look at most of the gold analysts and a lot of the gold fund managers, where do they come from? They were trained by us, companies like Gold Fields,' Holland said at the summit, held at the Reuters office in Johannesburg.

  'They were trained by the industry, but they decided it's a nicer job to wear a suit every day and go around talking to fund managers, as opposed to trying to figure out how you can get a new mine to deliver its potential,' he said.

  The issue is taking on added significance as miners explore and develop projects at a time of increasing costs and growing logistical complexity. Holland said, however, that building remained cheaper than buying existing operations, despite company valuations at close to historic lows in the gold sector.

  'If you look at the cost of building, discovering, developing a new mine, it's still very, very much cheaper than trying to buy. For every ounce you buy, you are probably paying between 10 and 20 times more,' Holland said.

  The search for resources has also pushed miners into remote and rough areas where assets can be lucrative, but political risks are ever present - a point driven home by the coup last week in Mali, Africa's third-largest gold producer.

  Holland said the miner had suspended drilling at an exploration project in Mali out of 'an abundance of caution'.

  As the professional manufacturer of complete sets of mining machinery, such as Flotation machine,Flotation separator,Stone crusher plant, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  Practical Suggestions for Your Health

  In this fast growing world health is the main concern and people do their best effort to stay healthy. Nowadays from youngster to old age all person crazy for fitness. It is important to know what we can do to improve our Health and Fitness. It’s necessary for everyone to know that did we will have a more balanced lifestyle ?

  Let us take an example In the earlier times transportation services are not comfortable as compare to the present times. And people using bicycles and walking most because they want to stay healthy for their whole life. They have done half of their daily workout on these activities. But the situation is different in this developed age. Every person love of comfort and style in their life. Nowadays cars and other daily used vehicles makes people habitual in their life. we are now fully dependent on them in our daily life.

  Some statics says that Americans spent approximately $ 45 billion for losing their weights till date. But if someone seriously want to loose weight and stay healthy they have to change their daily routine. Like changing daily intake of spicy foods and heavy meals. We have to do at least one hour daily exercise, morning and evening walks to stay healthy.

  Number of fat persons has been increased dramatically in last 10 years in all over the world. In USA mostly population suffers from heart related problems due to obesity and improper intake of diet. So everyone have to take a step towards healthy life by start caring for their daily schedule of diet intake and workout hours.”if every individual serve his body well he will able to serve his country well”. our main motive to suggest people to aware about their health.”Health is Wealth” is a quote which is necessary for all to implement it in his/her life to make their life full of Joy and Happiness.

  Some Important Tips to Stay Healthy

  1. Regular Health Checkups

  2. Balanced Diet.

  3. Daily Workout.

  4. Avoid drugs (Alcohol, Cigarette)

  5. Do Yoga.

  6. Take Eight hours Bed Rest Daily.

  7. At Least 4 km Daily walk.

  Some others Tips:-

  Stop smoking, It is harmful to you as well to the people around you. Test your diabetes as often as you should. Water helps in making new cells that accept insulin. Drink at least eight glasses of water daily. asthmatic,always wear a scarf over your mouth in winters to avoid breathing in the cold air.

  For more details regarding Health Tips visit: http://www.healthfitnessidea.com

  As the professional manufacturer of complete sets of mining machinery, such as Jaw breaker,Stone crusher,Cement machinery, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  The Hot Cake for Chinese Mining Firms

  Chinese firms are on the prowl for mining investments in Africa, South America and central Asia as they look to feed ever expanding domestic demand for key commodities, but are switching away from Australia and Canada, which are getting too expensive.

  Iron-ore and copper have been the hot targets over the past few years, but more recently, China Guangdong Nuclear Power Corp has gone after uranium in Africa, and firms are now seeking gold, nickel, tin and coking coal, too.

  They used to prefer Australia and Canada for their political stability, but State-owned and private Chinese investors say assets in those countries are becoming too expensive.

  'Those traditional markets that are developed, while being more stable - the likes of Australia and Canada - the competition to gain good resources is actually very, very intense,' said Leong Eng Kiat, MD of CCB International Capital.

  'Because of that, the prices tend to be bid up. So Chinese investors are looking outside of these countries and going into emerging markets - the likes of Africa, Latin America, central Asia.'

  Long project approval processes have also put off some Chinese investors, spurring the search for assets in emerging markets instead.

  'It's easier to get approvals in African countries. There are no big headaches, like with Canada and Australia,' Liliang Teng, chief marketing officer at the China-Africa Development Fund, told Reuters.

  The fund has invested $1-billion in a range of projects, including iron-ore, in Africa and has a further $4-billion to invest.

  AFFLUENT POPULATION

  All the commodities being targeted are needed to satisfy an increasingly affluent population that is buying more cars, televisions, fridges, and apartments, using more and more electricity, and buying more jewellery.

  Gold is in demand not just for jewellery but also as a hedge against inflation, making the country a huge consumer of gold.

  'So the private sector, state-owned enterprises, even companies like us, try to look for gold resources, because the demand is strong, while supply in China is getting more and more difficult,' said CITIC Dameng Holdings CE Charlie Tian told a conference in Hong Kong.

  Uranium is needed to fuel 26 nuclear plants under construction in China, with more on the way, but only three or four companies are mandated to buy uranium assets.

  'It's too politically sensitive,' Tian said.

  China Guangdong Nuclear Power Corp (CGNPC) is about to snare control of Namibia's Husab uranium project, potentially the world's second-largest uranium mine, with the takeover of Kalahari Minerals and Extract Resources for about $2.3-billion.

  Private investors who bought stakes in junior miners in places like Canada are now keen to reap profits by selling to State-owned companies, a senior executive at a Canadian-listed Chinese company said, declining to be named due to the sensitivity of the issue.

  He said large, State-owned Chinese companies were interested in lead, zinc and iron-ore projects.

  The chase for iron-ore continues, despite setbacks on multibillion dollar iron-ore investments in Australia, such as Sinosteel's Midwest project and CITIC Pacific's Sino Iron project in Western Australia, hit by slow government approvals, soaring construction costs and lack of rail and port space.

  Chinese firms held off on deals in the second half of last year as they anticipated iron ore prices would come off and weaken valuations on potential targets, advisers say, but interest is starting to perk up again.

  One adviser to Chinese companies said investors were looking more closely at political risk and ensuring projects make returns, and are not just focusing on the quality of assets.

  'Chinese investors are being smart,' Jamon Alexander Rahn, VP of Emerging Asia Capital, told Reuters on the sidelines of the conference.

  In all cases the key criteria are whether projects have enough scale, whether the products can be shipped back to China to meet demand and at a reasonable cost, said Leong.

  'It's always about managing the resource security of China,' he said.

  As the professional manufacturer of complete sets of mining machinery, such as Mobile impact crusher,Single toggle jaw crusher,Jaw breakers, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  Focus of Rio's Mine will be Transfered

  Mining major Rio Tinto has moved to further expand its Mines of the Future initiative, partnering with India’s iGATE Patni to open an innovation centre in India, to support its global growth and development strategy.

  In the first partnership of its kind in the mining industry, iGATE Patni would provide Rio with engineering research and development services over the next five years, including industrial automation and control, software and embedded design and development, and general engineering services.

  The Rio Tinto Innovation Centre (RTIC) would build on the work of the mining major’s established centres of excellence in Australia, Canada and the UK, to deliver the technologies they have developed to Rio Tinto operations across the globe.

  RTIC would provide engineering skills to help drive innovation through to implementation at an operational level. It would take innovation ideas that have been developed by the Rio centres and trialled in a specific mine or business unit, and modify the technology for use with other products, or in different regions.

  It would have some 300 employees, mainly skilled engineers, addressing the diverse and changing technological demands from across Rio operations and would focus on disciplines such as image processing, advanced data mining and analytics, automation and control systems, design and logistics.

  Rio’s head of innovation John McGagh said that launching the centre with iGATE Patni marked an important step in the rollout of the company’s Mine of the Future programme and would help to create business value in the mining industry.

  “This partnership will enable us to move our innovations from concept stage to reality more efficiently through the work of a dedicated team of specialised engineers. iGATE Patni’s credentials and business capability fit our need for a strong outcomes-driven innovation partner.”

  McGagh said that RTIC would allow Rio to take a specific technology developed at one of its centres of excellence, such as the mine automation system currently in use at our Pilbara iron-ore operations in Western Australia, and adapt it for broader application across its network of mines.

  iGATE Patni executive VP and head of product engineering services, Satish Joshi, said the company was excited about the opportunity to partner with the development of the next generation mining technology.

  “Technology being the key to realise Rio's vision of enabling safe, productive and environment-friendly mining, we are eager to cross-leverage our experience in engineering and technology deployment across diverse fields such as industrial automation, logistics, imaging and human factors designs.”

  Launched in 2008, Rio’s Mine of the Future programme introduces next-generation technologies for mining operations that aim to reduce costs, increase efficiency and improve health, safety and environmental outcomes. The programme is run in conjunction with leading universities and organisations around the world, through Rio Tinto’s centres of excellence.

  As the professional manufacturer of complete sets of mining machinery, such as Cone crushers,Ore flotation equipment,Cement mill price, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  Markdown sale of diamond mines by Rio

  Diversified giant Rio Tinto has launched a strategic review of its diamond business, which would include potentially selling some of its assets in Australia, Canada, and Zimbabwe.

  “We have a valuable, high-quality diamonds business, but given its scale we are reviewing whether we can create more value through a different ownership structure,” Rio Tinto CEO for diamonds and minerals, Harry Kenyon-Slaney, said on Tuesday.

  He added that the group regularly reviewed its business to ensure that it remained aligned with its strategy of operating large, long-life, expandable assets.

  Like BHP Billiton, which also announced a review of its diamond business last year, Rio Tinto is investing billions on its iron-ore division, which is its main earnings driver.

  The diamonds and minerals division contributed roughly 5% to Rio Tinto’s 2011 revenue, bringing in $3.2-billion.

  Rio operates three diamond mines, including the Argyle mine, in Australia, the Diavik mine, in Canada in which it holds a 60% interest, and Murowa operation, in Zimbabwe in which it holds a 78% interest.

  The company also has full ownership of an advanced diamonds project in India.

  Rio is selling its share of the production from its three operating mines through its sales and marketing headquarters in Antwerp, with representative offices in Mumbai, Hong Kong and New York. It also operates a niche cutting and polishing factory in Perth for the rare pink diamonds from its Argyle mine.

  “This process may take some time. We’re committed to keeping stakeholders informed about any key developments, and in the meantime are reassuring employees and the governments in the states and countries where we operate that it is very much business as usual,” said Kenyon-Slaney.

  In November, BHP Billiton announced that it was reviewing its diamond business in Canada. It agreed to sell its stake in the Chidliak exploration project to its partner Peregrine Diamonds. The company is still reviewing its options for its 80% stake in the Ekati mine.

  As the professional manufacturer of complete sets of mining machinery, such as Sand maker，Mobile crushers，China cone crusher, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  General View about the Best Travel Insurance

  Although benefits differ from card to card, privileges can include free travel insurance, as well as access to business lounges in airports. It is almost always more expensive to buy new tickets or change your old ones if you do not have travel insurance in place. Not only are there websites that sell auto insurance leads but there are also insurance leads Companies that sell all types of insurance lead including, home insurance leads, commercial insurance leads, liability insurance leads, life insurance leads, corporate group benefits leads, travel insurance leads, and disability insurance leads.

  Other benefits of your travel rewards credit card include hotel discounts, travel insurance or car rental discounts. It is always very important to ensure you have travel insurance every time you travel. Travel agencies specializing in medical tourism offer ‘surgery packages’ including airfare, ground transport, hotel, travel insurance, medical procedures, nursing, post-operative treatment, and the services of a tour guide.

  In the end, I won the battle, and he and his wife purchased the travel insurance, and they talked all their guests in getting it as well. With the premium account I would also be entitled to a whole bunch of benefits, which in fact would not be of benefit to me, such as extensive travel insurance, as I didn’t need any of them. Take a copy document with you Most good policy travel insurance documents will confirm the claim procedures to follow in the event of theft or loss, what you are covered for and most importantly who to call in an emergency.

  For example, if you a business executive who travel frequently around the country or internationally, you probably want to have a credit card that allow you to enjoy saving from hotel stays, free air tickets, free travel insurance and others travel related benefits. A number of credit card companies offer special facilities such as: Protection against accidental injury, sickness and involuntary unemployment Protection against card theft and loss Online credit card fraud protection Travel insurance and special travel services Flexibility to share it with friends and family Platinum Card Guidelines There are certain things you must never overlook while signing up for a platinum credit card. We will use a hypothetical company that provides travel insurance to travellers.

  You should also consider having travel insurance for a crewed yacht charter, just as you would if you planned a trip to a resort destination. It is important that you read all of the documentation that came with their travel rewards credit cards if you are interested in travel insurance. Many cards will give travellers discounts on car rentals and offer travel insurance on purchases made with the card.

  Travel Insurance a lot of credit cards have travel insurance built into them as an inherent feature. I hope these tips will help you by the best travel insurance for you. However, neglecting to take out travel insurance can result in huge medical bills and financial loss in the event of an accident.

  As an example, insurance companies like America’s largest provider of travel insurance offers a wide range of benefits with their comprehensive coverage. As a ‘travel professional’ offering travel insurance, as well as many of the online travel companies that sell travel protection to their clients, want you to know that our sincere and true intentions are to make sure that each and every one of you are covered and have the peace-of-mind. In reality, travel insurance may cover unexpected cancellations, missed departures, lost travel documents, accidents, the loss or theft of baggage, travel delays and certain medical expenses that regular insurance just will not cover.

  As the professional manufacturer of complete sets of mining machinery, such as Rock cone crusher,Impact stone crusher,Cement equipment, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  Recent activities of top mining companies in Canada

  Canada, a country of 34m people, has a vibrant mining industry with more than 1400 companies listed on their Stock Exchange and active in the sector. The growing demand from highly industrialized nations for raw materials, especially from Asia, is having a significant effect on the Canadian mining industry despite the setbacks of the global recession in 2008-9. The country is now firmly established as a global leader in the production of metals and minerals, it is the leading supplier of uranium and potash to world markets. Mining contributes more than $ 40 billion annually to their economy.

  Top mining companies in Canada and their activities

  Whether company size is measured in market value, revenue or net assets, these companies are the largest players in Canada in their chosen markets. One of the world’s most successful gold mining companies, Barrick Gold Corporation is active in eight countries and employs more than 20 000 people on 26 mines around the world. Its acquisition of Placer Dome added to its revenues and the high metal prices in its key product lines, gold, copper, silver and zinc, have also impacted profits.

  A major contributor to the Canadian economy is the Potash Corporation of Saskatchewan, the world’s largest fertilizer producer. It was in the news last year after a hostile bid from BHP Billiton was foiled by the Canadian Government. Suncor Energy Inc is the leader in oil sands exploration and production. The rising price of oil is having a significant effect on its bottom line. A company to watch is Teck Cominco, often referred to as the “partner of choice” of junior miners. This company is active in most mining sectors, base metals, coal and gold production and is now diversifying into oil sands.

  Talent and Remuneration

  The shortage of experienced middle managers in the 30-50 age group due to the retirement of the “baby boomers”, those born between 1946 and 1964, is evident in Canada as it is in the rest of the world. The Mining Industry Human Resources Council (MIHRC) says the industry will need an additional labour force of 100,000 people to maintain current levels of production. Although there are initiatives afoot to encourage new entrants the talent gap is widening.

  Staff retention should be a key strategy for mining companies. Flexibility in HR policy is needed to allow for movement of professionals across continents, they need to consider personalized solutions for key employees and innovative solutions to rotations to suit family life. Design of relevant incentive programs should be high on their agenda.

  The Coopers Consulting-PwC 2011 Mining Industry Salary Survey reports that “CEOs are still riding a wave of high salaries and cash bonuses in 2011.” Their statistics show that 56% (a growing number) of CEO’s have an annual pay package of more than $ 1m. The PWc report goes on to say that new graduate mining engineers with one to two years of experience can expect an annual package of around $ 75,000. Young mining professionals are therefore well-placed to launch their careers in Canada.

  The volatile global economic climate could well affect the demand for commodities and there is no consensus on the outlook. However, the mining sector in Canada seems robust enough for the moment.

  As the professional manufacturer of complete sets of mining machinery, such as Mobile crushers，Rotary dryer，Flotation cell, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  Momentous Breaking Point in Industry Development

  Along with the capital markets to industry will gradually lose interest in great leap forward, the bank is coming to an end. As an industry growing pains, and stand in for all kinds of downsizing, removed from standing and transformation and, at the same time, show that industry is facing the blundering inflection point to steady. The following is a week news of the review:

  1, easy to buy investors to exit the inner turbulence job cuts off stood rumours everywhere

  Recently, stood up to buy DuoWei leaving employees, says the company has kept all employees, only staying held a few people did the cleaning up the left-behind processing. It is reported, since the second half, easy to buy up since the race after all, not willing to business investors continue to burn money support group buying business that from other new projects, a breakthrough decided to close business. All the employees have first RACES, the Shanghai headquarters staff held in succession sent. The reporter from other stands place traveled to understand, from easy on the recent buy more job seekers, all said the company was away, the reason is website will in the years off.

  Comments: 800 group

  To stood for, the biggest problem, maybe not talent, but money is hard to get. The more embarrassing, up to now, the domestic industry haven’t find a suitable way to profit, the only support them survive, only the wind is cast. But, is the so-called “become also break,” respectively secretary respectively secretary in the current capital market encounter cold and industry profit remains to be seen, stand I’m afraid it is hard to get money from wind to cast. So the layoffs, covert a pay cut, from station to cut their advertising investment, such as a stand to maintain the principal means of livelihood.

  2, Groupon August $ 120.7 million revenue is up 13% from November

  According to the American technology blog TechCrunch reports, the bank industry analysis Yipit company, according to the report by the stand Groupon August revenue of $ 120.7 million, annulus comparing growth of 13%. Groupon July revenue for 106 million dollars. Groupon revenue growth is mainly thanks to average every pen exchange sales rose 10%, the average number of coupon every transaction price up 5%. Two of the data is offset by the rise of the trading down to the impact of the company.

  Comments: 800 group

  Although earliest has suspended its Groupon ipo plan, each big media have also bad-mouthing bulk order mode, but Groupon in August revenue growth, the model that is still not in a recession, and the steady development of the positive trend.

  3, Google curve to enter the Chinese team has late or find time to hustle

  In Europe and America market try water, Google can’t restrain jan.7 to China market interest. Yesterday, Google for the mainland market search and navigation services “when Google HRSC”. The reporter found that “Google login page now when we” to present the way is simple, and divided into the search box, specific group buying products and recommend two big functions, and listed the site, classification, jan.7 price range, discount, such as size different classification method. According to the official Google, “when describing HRSC” is a search tools. The content of the information from each team team to provide information in search of the party to Google, automatic right the content of the information the responsibility.

  Comments: 800 group

  Thousands of world war ii, the bank group of consumer demand has not simple search for information, the more need navigation web site to information to take responsibility, and Google but statement: Google no responsibility for the contents of bulk order information. This undoubtedly become Google faces a big when we shortcomings. In addition, Google without local operations team, lack of China market accurate grasp, this also is Google a big face when we defects.

  4, Groupon and the SEC settlement to the end of October or early November listing

  According to foreign media reports, people familiar with the station, the United States still hope Groupon schedule in October or early November its IPO. A news show before Groupon IPO will delay the company time. The people familiar with the media quoted the statement says, if all goes well, Groupon will start in the middle of next month the roadshow IPO. And the IPO plans to restart Groupon, partly because Groupon with the United States securities and exchange commission (SEC) is a dispute reached settlement.

  Comments: 800 group

  By the economic situation, Groupon influence postponement of the IPO, but did not stop. Because the current stand still in burn money stage, need a lot of capital support, and after several rounds of financing for investors, pressure and equity structure, the consideration of IPO has become a kind of inevitable financing ways.

  5, happy nets will business outsourcing 5% workers are restructuring and adjust

  Domestic well-known social networking site happy nets 15, the team announced, happy products and customer service will all “outsourced” to stand F group, to station to provide related services. It is reported, the cooperation of the both parties to begin in October, is handed a year. Both said that after the users happy, consumer behavior, such as DaiJinQuan has no effect. However, affected by this, happy nets will be about 5% of employees face restructuring and adjust.

  Comments: 800 group

  Happy nets exit self-supporting business, turn and stand F group cooperation is a new attempt, perhaps will give to and bring benefit to both sides. One is the happy can give full play to their role in the circle of the contacts F group ascension reputation degrees. 2 it is happy also can be used as a team in electronic commerce a search for future B2C road to lay the foundation.

  As the professional manufacturer of complete sets of mining machinery, such as jaw crusher supplier,Impact stone crusher,Sand washing equipment, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation

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  How to keep the status of three biggest miners?

  China was tied for second place in global mining transactions in the first half of this year, after the United States, as the country pursued resources to fuel its economic growth, experts from consultancy company KPMG LLP told China Daily on Monday.

  The US dominated the global mining mergers and acquisitions (M&As) market in the first half, accounting for 18 percent of the total deal value, while China and Canada each accounted for 17 percent of global mining M&A transactions, Wayne Jansen, global partner of KPMG in charge of the global mining industry, said.

  More than 75 percent of mining M&A transactions by value took place in the copper, gold and coal sectors, he said.

  China is competing with global mining players for these metals, he said. Iron ore, a raw material for making steel, is China's particular target as the country is the world's largest steel producer and iron ore consumer.

  China has been long looking to buy iron ore resources that will ensure supply as the world's three biggest miners - Vale SA, BHP Billiton Ltd and Rio Tinto PLC - control two-thirds of the global iron ore market and have great influence over prices.

  China dominated the global mining and metals transactions market in 2009 when it was one of the few countries that had cash to spare amid the global financial downturn.

  However, many of those countries bounced back in 2010, pushing China to fourth in the global mining transactions market in 2010.

  'Now, the situation is more balanced. China is still a very significant player - but not the only player,' said Brian Imrie, global head of M&A, Mining Industry at KPMG.

  The growth of steel consumption and booming electricity demand mean that iron ore, uranium, thermal coal and coking coal will remain 'metal stars' for Chinese mining companies, Imrie said.

  Potash, a key ingredient in fertilizer, is also an important mineral for China as it needs to ensure stable food supplies, said Jansen.

  With green technology expected to surge in the coming years, rare earth and platinum, used in the renewable energy and high-technology industries, will also be popular targets for mining companies, Jansen added.

  As the professional manufacturer of complete sets of mining machinery, such as symons cone crusher,Wet magnetic separator,Sand maker, Henan Hongxing is always doing the best in products and service.

  Posted 27 Mar 12 in General Conversation