On November 16th, Jiao Yushu, a consultant of the China Metallurgical and Mining Enterprises Association, stated at the 12th China International Mining Conference that it is expected that the output of China's iron ore mine will reach 1 billion tons by 2010, and that the future rights to import mines will reach 50% of the total import volume; The scale of overseas mining will increase from the current 50 million tons to 300 million tons.
He said that due to the increase in the price of imported ore, which has stimulated the production of domestic mines, in 2009 China produced 880 million tons of iron ore. From January to July 2010, the output of iron ore reached 580 million tons, an increase of 28% year-on-year.
Next year, the credit or shrinking of 1 trillion to 2 trillion academicians will continue to “lead the sea into the territory†by the Fantasy Aerospace Science and Technology Group, signing 16 billion military giants Guomei Electric Co., Ltd. to reopen the shareholders' meeting in December Watson’s baby shower gel to detect dioxane Guo Tianyong : How far is China's second interest rate hike? He further stated that: In 2009, China imported 627.7 million tons of iron ore, accounting for 68% of the world's total iron ore exports. However, it has not obtained the right to speak for “ore priceâ€; the international iron ore market is monopolized by three major international iron ore suppliers, relying on resource advantages and product advantages to raise the price of ore, and the three largest suppliers rely on the development of China’s steel industry. In terms of development, the output of the three companies has grown from 400 million tons in 2004 to 600 million tons today. Their production costs are only more than 20 US dollars and they are lucrative, but they are still not satisfied. They have spotted a large space in the Chinese market and high iron ore demand. Therefore, we put pressure on us, and now the ore price is US$123/ton in the second quarter of 2010, US$147/ton in the third quarter, and US$127/ton in the fourth quarter, which is more than 100% higher than in 2009, and 640 million tons if it is imported. According to the 100% increase in ore price, we will pay more than 40 billion U.S. dollars, and steel production costs will increase by 700 to 800 yuan per tonne, equivalent to the total investment of the Three Gorges Project.
He said: In order to change this pattern, our country’s current tasks are as follows: First, we must increase the supply of domestic iron ore, reduce the dependence on imported ore, and strive to achieve a self-sufficiency rate of 50%. We will increase the exploration of iron ore resources in recent years. To double the amount of iron ore resources, increase 60 billion tons, the total resources amounted to 120 billion tons, and the annual iron ore production scale reached 1.3 billion tons; 2 standardize the order of import of iron ore, joint procurement, unified command, control of steel industry investment Accelerate the elimination of backward production capacity and reduce the consumption of iron ore. Third, expand the scale of overseas mining, and strive to reach 300 million tons of imported mineral resources. To build several modern demonstration mines; Fourth, to implement domestic and international transport, and strive to reach 50% within five years.
Now China's Wuhan Iron and Steel has obtained the mining rights in the Liberian mining area. China Railway Materials Corporation has acquired 12.5% ​​stake in the Sierra Iron Mine and 5.1 billion tons of iron ore resource development product sales rights; CITIC Pacific Sino iron ore and Angang Steel Carrara have been built abroad Iron ore, Wugang State Mining Area and other large open-pit mines.
He said that due to the increase in the price of imported ore, which has stimulated the production of domestic mines, in 2009 China produced 880 million tons of iron ore. From January to July 2010, the output of iron ore reached 580 million tons, an increase of 28% year-on-year.
Next year, the credit or shrinking of 1 trillion to 2 trillion academicians will continue to “lead the sea into the territory†by the Fantasy Aerospace Science and Technology Group, signing 16 billion military giants Guomei Electric Co., Ltd. to reopen the shareholders' meeting in December Watson’s baby shower gel to detect dioxane Guo Tianyong : How far is China's second interest rate hike? He further stated that: In 2009, China imported 627.7 million tons of iron ore, accounting for 68% of the world's total iron ore exports. However, it has not obtained the right to speak for “ore priceâ€; the international iron ore market is monopolized by three major international iron ore suppliers, relying on resource advantages and product advantages to raise the price of ore, and the three largest suppliers rely on the development of China’s steel industry. In terms of development, the output of the three companies has grown from 400 million tons in 2004 to 600 million tons today. Their production costs are only more than 20 US dollars and they are lucrative, but they are still not satisfied. They have spotted a large space in the Chinese market and high iron ore demand. Therefore, we put pressure on us, and now the ore price is US$123/ton in the second quarter of 2010, US$147/ton in the third quarter, and US$127/ton in the fourth quarter, which is more than 100% higher than in 2009, and 640 million tons if it is imported. According to the 100% increase in ore price, we will pay more than 40 billion U.S. dollars, and steel production costs will increase by 700 to 800 yuan per tonne, equivalent to the total investment of the Three Gorges Project.
He said: In order to change this pattern, our country’s current tasks are as follows: First, we must increase the supply of domestic iron ore, reduce the dependence on imported ore, and strive to achieve a self-sufficiency rate of 50%. We will increase the exploration of iron ore resources in recent years. To double the amount of iron ore resources, increase 60 billion tons, the total resources amounted to 120 billion tons, and the annual iron ore production scale reached 1.3 billion tons; 2 standardize the order of import of iron ore, joint procurement, unified command, control of steel industry investment Accelerate the elimination of backward production capacity and reduce the consumption of iron ore. Third, expand the scale of overseas mining, and strive to reach 300 million tons of imported mineral resources. To build several modern demonstration mines; Fourth, to implement domestic and international transport, and strive to reach 50% within five years.
Now China's Wuhan Iron and Steel has obtained the mining rights in the Liberian mining area. China Railway Materials Corporation has acquired 12.5% ​​stake in the Sierra Iron Mine and 5.1 billion tons of iron ore resource development product sales rights; CITIC Pacific Sino iron ore and Angang Steel Carrara have been built abroad Iron ore, Wugang State Mining Area and other large open-pit mines.