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   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