Xiang Enterprise Baotuan Overseas Amoy "Gold"

Overseas “gold” is becoming the largest investment area for “going out” of Hunan enterprises. Yesterday, the reporter learned from the first meeting of Hunan's first overseas mineral resources project. As of July this year, there were 508 foreign companies in our province, of which 73 were engaged in the exploration and development of overseas mineral resources.

The largest proportion of investment in overseas mineral resources

At present, our province has entered a stage of new industrialization, and the demand for resources has also entered a peak period, and the existing mineral resources guarantee capability is far from adequate. Such as coal, iron, copper and other major minerals can not meet the needs of the province's 90% iron ore dependent on imports, which also forced companies to "go out" prospecting.

As of July of this year, our province has invested and established 508 enterprises in more than 70 countries and regions, with total assets of nearly 10 billion U.S. dollars, and cumulative actual foreign investment of 2.82 billion U.S. dollars. In the first half of this year, the actual amount of foreign investment in our province ranked seventh in the country and first in the central region. Among them, 73 overseas enterprises are engaged in the field of mineral resources, involving 22 countries and regions. The contractual investment amount and the Chinese contractual investment amounted to 6.058 billion and 1.488 billion U.S. dollars, respectively, which accounted for 71.8% and 39.1% of the total amount of the province. More than twenty kinds of iron, lead, zinc, copper, cobalt, aluminum, etc.

“The field of overseas mineral resources is the largest area of ​​foreign investment for enterprises in our province, and it is also the most important field.” said Deng Lijia, deputy director of the Provincial Department of Commerce.

High return on investment in overseas prospecting

According to the statistics, in 2009, the overseas enterprises in our province brought back resources of 1.11 billion U.S. dollars, reaching 1.92 billion U.S. dollars in 2010, an increase of 73% over the same period of last year. The ore returned is mainly iron, copper, cobalt, zinc, etc., mainly from Australia, Nigeria, Togo, Zambia, Congo (DRC), Thailand and other countries, among which Valin Iron and Steel obtained a stake in Australia's Fortescue Group Co., Ltd., and returned more than 10 million tons of iron ore in 2010.

According to incomplete statistics, at present, there are 14 enterprises in our province that own all or part of the 50 foreign mineral rights, mainly distributed in Australia, Canada, Zambia, Congo (DRC), the Philippines, Laos, Indonesia, and Brazil.

The development of overseas mineral resources is high risk, large investment, and long cycle. At present, in addition to a small number of state-owned enterprises with abundant funds, most of the province’s overseas resources development is in the form of private enterprises and geological survey units with weak financial strength and difficulties. .

The matchmaking conference has not yet begun. Wang Hao, vice president of Changsha Wangwang Electronic Trading Co., Ltd., began to seek partners with a goal. The company owns two copper-gold mines in Pakistan and needs to seek 200-300 million yuan in investment. “We have already reached a cooperation intention with a powerful state-owned enterprise.” Wang Xi, who has been engaged in international electronic trade for many years, said that since 2009, the company has started to invest in overseas mineral development. The emphasis is on a broad market. “Investing 200 million yuan and recovering 10 years 100 billion should be no problem.” As the acquisition of mineral resources in the country is constrained by many constraints of the policy, more and more private companies are looking to the international market.

The docking conference issued 29 overseas mineral rights

At the meeting, 29 overseas mineral rights information and 27 demand information were released, and company representatives conducted in-depth docking and negotiation. Mineral rights information covers gold, copper, iron and other major minerals in more than a dozen countries and regions such as Australia, Brazil and the Democratic Republic of Congo (DRC). Mineral rights issuers include Hunan Nonferrous Metals Group, Hunan Nuclear Industry Bureau and other state-owned enterprises, as well as Hunan Tianjian, Hunan Zexin, Changsha Wangwang and other private enterprises. At the meeting, China also introduced China’s policies on overseas resource development, foreign policy environment, and financial services.

“I hope that through the convening of the Matchmaking Conference, we will form a cooperative mechanism for the exploitation of overseas mineral resources of Hunan enterprises, and promote the prospecting, mining, and mining enterprises to strengthen cooperation to jointly solve the problem of shortage of resources in Hunan,” said Deng Lijia.