Wednesday, 29 May 2013

China Mining Report Q3 2013

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China Mining Report Q3 2013
May 29th 2013, 00:00

BMI View: The changes and reforms enacted in 2012 will continue over the course of 2013 with smallerand less efficient mines being closed, while mid-sized miners will be merged and production consolidatedinto giant vertically integrated state-owned outfits. Overall, we forecast China''s mining industry value toincrease from approximately US$340bn in 2012 to US$430bn by 2017, marking a healthy growth rate of4.7% per annum.As 2013 ushers in the third year of China''s 12th Five-Year Plan (2011-2015), we expect the changes andreforms enacted in 2012 to continue. In a bid to curb overcapacity and reduce environmental pollution, thegovernment plans to close smaller and...

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