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Agribusiness
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Metals and Mining
Metals and Mining
Chinese mining companies have been active throughout the world, buying mineral assets.
Recent mining deals include:
Valin/Fortescue (2008-09): acquisition of minority stake for US$796MM (Australia)
Sinosteel/Midwest (2008-09): takeover for US$1.3 billion (Australia)
Wuhan Steel/MMX (2009): acquisition of minority stake for US$120MM
China Domestic Iron and Steel Production
2003
2004
2005
2006
2007
2008
Steel Production
222.3
272.5
353.2
419.1
489.2
513.0
Pig Iron Production
213.7
251.9
343.7
412.5
469.4
478.0
Source: USGS Iron and Steel 2009
Recent copper mining deals include:
Chinalco/Peru Copper (2007-2008): investment of US$800 million plus billions more in additional capital expenditures (Peru)
China Nonferrous Metal Mining Group/Chambishi (1998-present): investments totaling US$900MM (Zambia)
China Domestic Copper Production and Consumption
In thousand tons
2006
2007
2008
2009E
Copper Production
2,958
3,461
3,704
3,889
Copper Consumption
3,798
3,950
4,922
5,070
Source: Standard Chartered, NB, GAC, SLC