China Doubles Mineral Prospecting Licences to Foreign-Funded Firms
Posted on: Wednesday, 20 July 2005, 12:01 CDT
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 20 July: Foreign-funded companies in China obtained 101 pieces of mineral resources prospecting licenses in the first five months, 64 pieces more compared with the same period last year, said an official with the Ministry of Land and Resources here Wednesday [20 July].
Foreign-funded companies also got 15 pieces of mining licenses in this period, said the official.
The official attributed the increasing enthusiasm of foreign- funded companies in mining to the mounting prices of mineral products and increasing demand.
Thus, a large amount of domestic and foreign capital was poured into the mining industry this year, said the official.
From January to May, China issued 4,260 pieces of prospecting licenses and 12,529 pieces of mining licenses in total.
Source: BBC Monitoring Asia Pacific
Related Articles
- New Jersey Mining Company Raises Funds and Plans Exploration
- Renowned Geologist Joins Kilimanjaro Mining Company Ltd.
- Franklin Assured Bolivia's Planned Increases in Taxes Paid By Foreign Owned Mining Companies Will Not Negatively Impact Operations
- New Jersey Mining Company Secures Funding and Orders Drill Rig
- China Withdraws 562 Mln Yuan From Officials' Stakes of Coal Mines
- 96 Officials Prosecuted for Chinese Mine Deaths
- Two Safety Officials Sacked for Fatal Mine Blast in Northwest China
- Official Investigation on Coal Mine Flooding Commences in Central China City
- China Exclusive: 473 Mln Yuan of Official's Investment in Coal Mines Withdrawn
- Official Put Under Police Custody for Fatal Coal Mine Flooding in S. China
 |
 |
User Comments (0)
RSS Feeds