久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

 
Home> Previous Issues

Investing abroad not easy: Experts

Updated: 2013-07-16 07:13
By Du Juan (China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

Investing abroad not easy: Experts

Investing abroad not easy: Experts

A ship from the Wuhan Iron and Steel Group Co waits for iron ore load.[Du Juan / chinadaily.com.cn] 


As Chinese steel firms step up their efforts to explore resources abroad, there have been ups and downs in their gains because of inexperienced risk management, reports Du Juan in Perth, Australia

Facing increasing domestic demand for iron ore with high import prices in recent years, Chinese steel companies have been trying to find an effective investment model to make acquisitions cheaper and more predictable.

They have made moves into Australia, Brazil and Africa, where the resource is found in abundance but some projects have had to be suspended because of various political, financial or environmental reasons while others have been relatively successful.

Industry insiders and experts said it is currently better for Chinese steel companies to find a local partner familiar with the business in the region than invest huge amounts of money buying up a site entirely on its own to exploit.

"It is all about balance," said Sebastian Lewis, editorial director of Platts China, the commodities information provider.

If a Chinese steel company takes a minority stake in a foreign mining company, it can help secure the iron ore supply although the Chinese entity would not be involved in the management, he said.

"In the case of direct investment, you (Chinese steel companies) own more of the project, which may bring you higher returns during the operation, but it also brings risks because the construction period can be very challenging in terms of managing the project outside your own country and constructing the infrastructure," Lewis added.

"Neither way is necessarily good or bad. It depends on your tolerance of risk."

China's largest and most ambitious overseas investment in the mining industry is the Sino Iron project wholly owned by CITIC Pacific Ltd, a Hong Kong-listed incorporated company.

CITIC Pacific secured the rights to 2 billion metric tons of magnetite resources with an expected mine life of 25 years in 2006. Last year, the company announced that it had acquired a further 1 billion tons of magnetite ore.

The project was expected to have an investment scale of $4.2 billion and was put into operation in the first half of 2009. However, because of rising costs and various misfortunes, the commissioning date has been delayed several times.

According to a source within the company, the total investment will increase to about $8 billion.

However, the source said the operation of the project is not as bad as some say and the second and third phrases of the project will be completed on schedule.

Although many Chinese companies have been facing challenges, including financial pressure, unfamiliar laws and regulations, environmental and labor issues, they are also making progress and gaining experiences.

"It is difficult for any company to go overseas at the beginning," said Lewis. "If they just want to secure raw material supplies, it is probably better just to buy shares in these iron ore companies."

Previous Page 1 2 3 Next Page

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

主站蜘蛛池模板: 97在线视频网站 | 韩国福利一区 | 国产精品手机视频一区二区 | 亚洲精品美女在线观看 | 日韩精品亚洲专区在线观看 | 日本特级淫片免费 | 久久亚洲精品中文字幕三区 | 成年女人永久免费观看片 | 中文字幕在线播 | 亚洲精品久久久久网站 | 欧美观看一级毛片 | 澳门毛片在线播放 | 国产一区二区日韩欧美在线 | 亚洲精品福利一区二区三区 | 亚洲精品aaa | 女人毛片a毛片久久人人 | se94se欧美综合色 | 日韩欧美毛片免费看播放 | 日韩一区二区三区四区不卡 | 成人午夜久久 | 国产午夜亚洲精品第一区 | 久久久久久一级毛片免费无遮挡 | 男女视频在线观看免费 | 成人在线精品视频 | 免费看裸色 | 九九国产精品视频 | 男女在线免费视频 | 欧美日韩在线视频观看 | 中文字幕三区 | 最新99国产成人精品视频免费 | 亚洲欧美激情在线 | 亚洲欧美综合视频 | 日韩免费在线 | 一区二区三区四区视频在线观看 | 老司机一级片 | 成人手机看片 | 日韩国产成人精品视频 | 亚洲高清在线播放 | 久久无码av三级 | 国产护士一级毛片高清 | 日韩成人在线视频 |