It is reported that Chinese steel mills are shouldering the consecutive hike in iron ore price. In recent years, they are active in mining so as to secure more and more iron ore supplies.
China will focus on building large scaled mines during 12th Five Years, with the target of 8 mines with annual capacity over 10 million tonnes, 15 mines with annual capacity over 5 million tonnes and 20 mines with annual capacity over 2 million tonnes, the total newly built capacity will hit 200 million tonnes a year, 2 or 3 mining mega are designed to appear with annual capacity of 100 million tonnes, and 6 big ones with annual capacity of 30 million tonnes, etc.
Overseas investment achievement: China's mining hand has touched Mongolia, North Korea, Laos, Myanmar, Indonesia, Kazakhstan etc. China's iron ore overseas equity was around 20 million tonnes in 2010, to 30 million tonnes in 2011, and to continue increasing in 2013 when the dependence rate of the world biggest iron ore producer and consumer will decline.
China will focus on building large scaled mines during 12th Five Years, with the target of 8 mines with annual capacity over 10 million tonnes, 15 mines with annual capacity over 5 million tonnes and 20 mines with annual capacity over 2 million tonnes, the total newly built capacity will hit 200 million tonnes a year, 2 or 3 mining mega are designed to appear with annual capacity of 100 million tonnes, and 6 big ones with annual capacity of 30 million tonnes, etc.
Overseas investment achievement: China's mining hand has touched Mongolia, North Korea, Laos, Myanmar, Indonesia, Kazakhstan etc. China's iron ore overseas equity was around 20 million tonnes in 2010, to 30 million tonnes in 2011, and to continue increasing in 2013 when the dependence rate of the world biggest iron ore producer and consumer will decline.
(Sourced from SteelHome)
Posts
No comments:
Post a Comment