The hottest foreign mining enterprises gradually w

Foreign mining enterprises gradually withdraw from Africa, Chinese enterprises pile up and pour in

foreign mining enterprises gradually withdraw from Africa, Chinese enterprises pile up and pour in

China Construction machinery information

Guide: it is understood that western mining companies are gradually withdrawing from the African market due to labor problems, environmental problems and political instability. When western countries are acclimatized in Africa, Chinese enterprises think it is a once-in-a-lifetime opportunity, They have increased investment. Recently, BOC International Holdings (elastic modulus accounting can choose two accounting methods (interval method and regression method) Asia

it is understood that western mining companies are gradually withdrawing from the African market due to labor problems, environmental problems and political instability. When western countries are acclimatized in Africa, Chinese enterprises consider it a once-in-a-lifetime opportunity and increase investment

recently, Cheng Yan, the managing director of BOC International Holdings (Asia) Co., Ltd. and vice versa, the vice chairman of the simple annex 10000 ton bank, said at the 2012 China International Mining Conference that China and Africa have established friendly cooperative relations since the 1950s, which has also laid a good foundation for Chinese enterprises to invest in Africa. However, with the over investment and the increase of concentration, in addition to facing the reality that cannot be changed in the short term, such as infrastructure and power shortages, there is also a shortage of managers. At present, there are certain obstacles in the management of Chinese enterprises in Africa, which are affecting the normal development of enterprises and cannot be transferred

"in the process of overseas investment, Chinese enterprises must first recognize their own capabilities. Secondly, when purchasing foreign resources, in addition to early due diligence and value evaluation, the synergy of M & a cooperation is very important. How to manage after the acquisition will be a new problem for Chinese enterprises' overseas investment." She said

at the same time, chenzhiyong, senior manager of standard bank, and Yang Jie, CEO of China Canada global resources investment cooperation fund (under preparation), said in an interview during the meeting that Africa is a treasure land that has not been developed in the global mining industry, and its investment environment is similar to that of China. In recent years, the Export Import Bank of China and the development bank have been very active in Africa, providing a lot of support to African infrastructure construction and accumulating some friendly relations. The discomfort of western countries in Africa is precisely an opportunity for Chinese enterprises to intervene

since the first half of 2011, the proportion of China's overseas mining investment has declined, while Chinese enterprises' mining investment in Africa is growing rapidly. In 2011, China's total mining investment in Africa reached US $15.1 billion, an increase of about 10 times year-on-year. The rapid growth of investment is mainly driven by the successful investment of several large-scale projects. Last year, China invested more than US $100 million in seven mining projects in Africa, with a cumulative investment of US $14.7 billion, accounting for 97% of China's total mining investment in Africa. But at the same time, it also exposed that Chinese enterprises also have management deficiencies in Africa. In June 2012, a labor report released by humanrightswatch attracted widespread media attention worldwide. The report pointed out that four mining companies affiliated to China Nonferrous Mining Group (CNMC, hereinafter referred to as "China Nonferrous Mining Group") abused local workers in Zambia. Compared with five other foreign investors, China Nonferrous Mining Group was described as a "bad employer", It has "the worst labor safety protection, salary and trade union organization right in the industry"