Recently Released Market Study: China Mining Report Q1 2013
As 2013 ushers in the third year of China's 12th Five-Year Plan (2011-2015), we expect the changes and reforms enacted in 2012 to continue. In a bid to curb overcapacity and reduce environmental pollution, the government plans to close smaller and less efficient mines, whilst mid-sized miners will be merged and production consolidated into giant vertically integrated state-owned outfits. Overall, we forecast China's mining industry value to increase from approximately US$321bn in 2011 to reach US$416bn by 2017, marking a...
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