Mining companies’ “going global” coincides with a rare and golden opportunity.
Release time:
2015-07-20
Source:
China Mining Network
Wang Sidede, Deputy General Manager of Chinalco Mineral Resources Exploration Company —— Mining company “ Go out. ” It’s a rare opportunity that comes along only once in a millennium.
Recently, Wang Sidede, Deputy General Manager of Chinalco Mineral Resources Exploration Company, stated in an interview with a reporter from the China Gold News that: “ The Belt and Road ” The strategy is for Chinese mining companies. “ Go out. ” A once-in-a-millennium opportunity.
“ Chinese mining companies should shift from their previous practice of going it alone and instead join forces in groups. ‘ Go out. ’ 。” Wang Sided said. At the same time, he proposed that China and... “ The Belt and Road ” The countries along the route should establish free trade zones.
During a period of sluggish development for global mining companies, how can Chinese mining enterprises... “ Go out. ” while simultaneously ensuring their own survival and development? Wang Sidede believes that Chinese mining companies... “ Go out. ” We must cooperate and join forces with each other.
“ As the mining industry declines, Chinese mining companies face even greater survival pressures. ” Wang Sided said, “ Chinese mining companies ‘ Go out. ’ In the process, it’s important to maintain cash flow and ensure that your funding chain remains uninterrupted. ”
Compared with mining companies from Western countries, Chinese mining enterprises face challenges such as a shorter industry history and a lower degree of internationalization. Therefore, the previous practice of Chinese companies operating independently must come to an end—cooperation and collaboration are absolutely essential. “ Go out. ” We must harness the power of capital markets and societal forces. Chinese enterprises should choose the approach that best suits their own strengths and characteristics.
“ Separately ‘ Go out. ’ If that’s the case, no Chinese mining company would be on the same competitive level as major international mining giants—our strength is quite limited. However, when Chinese companies join forces, their collective power becomes incredibly formidable, and no foreign company—or any Chinese enterprise—would dare to take them on. PK 。” Wang Sided said.
China’s mining enterprises are facing the challenge of industrial structural adjustment. “ The Belt and Road ” Under strategic opportunities, how to... “ Go out. ” During this process, will there be adjustments to the industrial structure? Wang Sidede proposed the idea of a free trade zone.
Wang Sidede believes that, “ The Belt and Road ” Strategy is a systematic undertaking. China’s development must be closely aligned with the interests of relevant countries, fostering a community of shared future characterized by common development and mutually beneficial outcomes. “ China aims to establish a common market shared by all. Only with such a market can we promote common development for everyone. This market would then be a free trade zone. ” Wang Sidede said: “If a free trade zone is established, it won’t be China’s independent development alone—it will be the joint development of a whole region, and development in the region will be very rapid.”
In this context, Chinese enterprises “ Go out. ” First and foremost, we must be able to meet the development needs of these countries—specifically, by improving infrastructure. And as infrastructure conditions improve, other industries will also be spurred to grow. Wang Sidede believes that under the foundational conditions of prioritizing infrastructure, transportation, and power, energy and mineral resources become critically important. In this context, ensuring smooth and efficient flow of energy and minerals must be given top priority. Therefore, integrating China’s production capacity with the advantageous resources and markets of partner countries will generate significant efficiency gains, foster mutually beneficial outcomes, expand markets, forge more cooperative relationships, and promote the joint internationalization of China and these partner nations.