“ The recent decline in metal and precious metal prices has caused significant asset write-downs for many international mining companies. In order to protect themselves, these companies have been rushing to divest their assets—providing us with yet another... ‘ Go out. ’ Acquiring high-quality mineral resources has created opportunities. 3 Moon 9 On the same day, Zhou Zhongshu, a member of the National Committee of the Chinese People's Political Consultative Conference and former Chairman of China Minmetals Corporation, said in an exclusive interview with a reporter from China Gold News that the state should attach great importance to and provide support for mining companies to take advantage of the troughs in the mining cycle. “ Go out. ” Obtain overseas mineral resources.

　　Zhou Zhongshu pointed out that, along with the significant drop in product prices, 2015 Globally, the mining industry has been mired in development difficulties, prompting companies to embark on their own survival strategies. Shrinking business operations and selling off assets have become common measures adopted by all enterprises. Given the large number of mining assets being concentrated on the market, international prices for mining assets have now fallen across the board. 10 At the level seen before the new year, this includes a substantial number of high-quality assets. However, against the backdrop of a downturn in the industry, despite the fact that some domestic enterprises have... “ Guarantee the security of the nation's mineral resources ” With a heart full of longing, yet lacking the strength to take action.

　　 “ Opportunities are fleeting, and today the global metals and mining industry as a whole is facing a difficult situation. It’s becoming increasingly challenging for international mining giants to mobilize large sums of capital to compete for resources. ” Zhou Zhongshu said, “ At this juncture, if the country can mobilize relevant resources and take advantage of the industry’s downturn to secure high-quality overseas mineral resources at low prices, it will not only safeguard the nation’s mineral resource security but also enhance its bargaining power in the international market. ”

　　Zhou Zhongshu suggested, first, that large domestic mining companies should join forces to form consortia, with enterprises that have proven track records in overseas mining project investment and operation serving as the core members. These consortia should also bring together other state-owned enterprises in the mining sector, as well as integrate resources from banks and research institutions, to establish specialized state-owned mining companies aimed at acquiring high-quality overseas resources. Second, during special periods, the state should provide certain commercial financial support to mining companies that are capable and financially strong. On the one hand, the state could provide funding to help mining enterprises overcome temporary difficulties, subsequently converting these funds into equity stakes in the enterprises. On the other hand, the state could explore the establishment of... “ Fund for Acquiring Overseas Mineral Resources During Industry Downturns ” The fund is specifically earmarked for acquiring high-quality overseas mineral resource projects that are currently in high demand and in short supply domestically, and its specific operations will be entrusted to state-owned, specialized mining companies.

　　Zhou Zhongshu believes that regions rich in mineral resources, such as Africa and South America, are all... “ The Belt and Road ” within the scope of. Currently, the country is in... “ The Belt and Road ” During the implementation of the strategy, substantial foundational investments can benefit mining companies. “ Go out. ” Lay the foundation—this is also an important opportunity.

　　Meanwhile, support domestic mining companies in taking advantage of the low point in the mining cycle. “ Go out. ” In the process of acquiring overseas metal mineral resources, Zhou Zhongshu also suggested that the state should establish a specialized, comprehensive evaluation team for overseas mineral resource projects, responsible for conducting all-round assessments and reviews of target projects. For major resource projects, the state should set up enterprises. - Professional institution - A three-tier risk assessment and monitoring system by government agencies ensures comprehensive risk prevention.