Author: E. Gill
China Mining Journal, June 2008
Chinese mining firms have begun their foray into international markets. Heavyweights like Zijin, Sinosteel, Chalco and Shougang are among the dozens of Chinese mining firms ‘going global’ by buying equity shares in foreign mining companies, partnering with local and international mining companies, and even becoming owners and operators of mines in foreign countries. By 2006, roughtly US$18 billion, or 20% of China’s overseas investments was in the mining sector.