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Cutting-n-pasting two pieces of data together does not make a conundrum Re: The China Puzzle: Falling Happiness in a Rising Economy!!!
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lo yeeOn
Dec 10, 2012, 6:13:50 PM12/10/12
to
In article <18835913.VLvIKQYo6T@Dharma>,
Peter Terpstra <pe...@dharma.dyndns.info> wrote:
>ltl...@hotmail.com wrote:
>
>> Chinese were indeed unhappy. Only 46% had indicated their satisfaction
>> with China's direction.
>
>What is the direction of China??
>It is future talk. The direction of China is unknown!
>(there are some vague promises about reform, but it is more important
>for the CCP to stay in power, so they give just a few centimetres)
>
>So what have they measured? Which people did they ask? Only in Beijing?
>
>But everyone knows the HR situation in China is very bad. You can deny
>what you want,
>you are only denying yourself to look beyond what the CCP tells you.
>
>Also is the world well informed about the situation in Tibet, only CCP
>denies this and deliberately misinforms the people of China.
>
>Why wants the CCP cling to their own power?
>Is this just a school example of utter greediness?
>
>Thank you for the discussion!
>
>With love, Peter
Your aggressive and recalcitrant tone is totally incompatible with
the "With love, Peter" sign-off.
The fact is that if 46% was unhappy in 2002 and only 100 - 82 or 18%
is unhappy ten years later in 2012, then it is clear that there is
a subtantial change, for the amount of nearly threefold improvement.
The surveys are not "future talk". They each measure what people are
feeling at the time period of the survey. Whatever conclusion they
want to draw from it, as long as it is consistent from survey to
survey, then the conclusion can have scientific merits.
It is just propaganda to say
"everyone knows the HR situation in China is very bad."
You have an agenda. You want a Libya style regime change in China.
You don't care how many people die and become homeless! You just
said:
"Why wants the CCP cling to their own power?"
Why do you want it otherwise, unless the Chinese people want it?
And given the Pew survey, it does not look like the Chinese people
would want a Libya-style change for China!
In fact there is a very good reason to trust the Pew survey in which
the unhappy people have shrunk by threefold, and that is that people
are much freer to do what they want except those things that disrupt
the peace and posperity of the community and destroy human lives and
property!
But outsiders from Da Lama and his TGIE cohorts to the west and their
state-funded NGOs are busy trying to use the lives of young vulnerable
Tibetans to push your delusional "I miss Da Lama" dream. How sick!
lo yeeOn
P.S.: see below for what China under the current government mean to
many Tibetan Chinese.
>
>--
>A beautiful song from Tibet
>I miss Dalai Lama
>http://youtu.be/_zo3kYvJr38
Mining to become key to Tibet's economy
Updated: 2012-07-09 08:06
By Du Juan in Tibet (China Daily)
http://www.chinadaily.com.cn/cndy/2012-07/09/content_15559742.htm
Employees of Huatailong Mining Development Co, a subsidiary of China
National Gold Group Corp, celebrating the Tibetan New Year with local
people in February. Located in Jiama town, Metrorkongka county, 68
kilometers from the center of Lhasa, the Huatailong mining project
benefits not only the local people working with the company but their
family members, including the local post-1980 and post-1990
generations. Provided to China Daily
Autonomous region has massive reserves of high-value minerals
Having bought a house in Lhasa and a brand-new car, Ngawang Tsering,
59, a Tibet resident, said he is grateful for what he owns.
"I don't have any special skills but I earn 2,000 yuan ($317) a month
by being an entrance guard at the mine," said the employee of
Huatailong Mining Development Co, a subsidiary company of China
National Gold Group Corp. "My life has changed so much for the better
since the mining company arrived."
He said there are seven people in his family and they all had a
nomadic life before with an annual income of a mere 20,000 yuan. Now
his son earns 5,000 yuan a month as a truck driver at Huatailong's
mining project in Jiama town, Metrorkongka county, 68 kilometers from
the center of Lhasa, the capital city of the Tibet autonomous region
Many local people like Ngawang Tsering see the exploration and
development of the region's resources benefiting not only themselves
but their family members, including the local post-1980 and post-1990
generations.
Tsering Dekyi, 24, said she feels lucky to be working at Huatailong
Mining after graduating.
"There are five people in my family and only my dad made money before
I got the job at the company," she said. "I went to Jiangsu province
to go to middle school and Tianjin for my high school. Because we were
poor, my brother and I could not both go to college."
She decided to let her younger brother go to college instead of her.
Check out this photo of Ngawang Tsering:
http://www.chinadaily.com.cn/cndy/attachement/jpg/site1/20120709/f04da2db11221164670702.jpg
Tsering, aged 59, looks very happy and appears in excellent health
with great teeth to boot.
However, after she worked as an intern at Huatailong Mining, the
company decided to send her to Shenyang in Liaoning province to study
at the Northeastern University, majoring in mining engineering.
"State-owned companies have brought not only economic growth for
Tibet, but also the opportunities for local young people to benefit
economically and academically," said Tsering Dekyi. "This is a great
contribution."
She said that the mining industry in Tibet is essential for national
economic growth and she is keen to see every single ore mined here
fully used for the economy.
So far, Huatailong Mining has financed nine local young people to go
to college in inland areas. It also donated 740,000 yuan to improve
local people's daily lives and 550,000 yuan to local students in the
autonomous region.
To counter poverty and improve local employment, the company hired 191
locals in Tibet. There are 214 staff employees from non-Han ethnic
groups, which account for 35 percent of the company's staff, the
highest percentage among mining companies in China.
Before China Gold came to Jiama, there used to be many small-scale
private miners. Some locals made a living by driving trucks for a
transport business but because they were not well managed disputes
often broke out.
In December 2009, China Gold invested 16 million yuan in purchasing
the transport team and formed Jiama Industrial and Trading Co,
composed of all 655 families with 3,850 local people in
Jiama. Everyone has received a year-end bonus since 2009.
Apart from two people, all the managers, drivers and staff members in
the trading company are locals. Their average salaries can reach as
high as 4,000 yuan a month.
Lukhang Yeshe, a 29-year-old local who works at the company, told
China Daily that many employees at the company had bought their own
cars after one or two years of working.
"At the beginning, many people were against the mining projects in
Jiama, believing exploring the mines was not respectful to the
spirits," he said. "The situation has changed now. Most graduates in
Lhasa want to work at the mine, considering it to be a good job."
Environment
However, Jiama area has an average altitude of 3,900 meters above sea
level with the highest place at 5,300 meters, which makes both the
mining operation and environmental protection difficult.
"Equipment that operates at high altitudes is more expensive. The cost
of social security is more than other projects inland, too," said Chai
Liwei, who has worked for Huatailong Mining's safety department for
three years in Tibet.
He said the company has spent a lot on environment protection
including keeping the water clean and conserving the grass and sparing
no effort on minimizing the impact on nature.
In order to protect the grass, the company spent 200 million yuan on
an underground ore-delivering tunnel, which is 5.5 kilometers long and
varies in height by 397 meters.
The tunnel, the first of its kind in China, can deliver products from
the mining area directly to the ore treatment plants. It has an annual
delivery capacity of 2 million tons, said Teng Yongqing, general
manager of Huatailong.
He said the company spent 15 million yuan on greening projects around
the mine in 2011 and a total investment of 200 million yuan since 2007
on road greening, planting projects and drip irrigation facilities.
"National standards require that the environmental protection costs
should take up at least 3 percent of the total project investment for
mining companies," he said. "Huatailong has spent more than 11
percent, which is much higher than the national requirements."
Since its establishment in 2007, the company has been working on
environmental improvements in the Jiama area in order to build the
trust of local people and not inconvenience their lives.
The company spent 26.55 million yuan on building a road from the
national highway to Jiama and 6 million yuan on planting on both sides
of it about 4,000 willow trees that can survive in the plateau area.
It is hard to believe when driving along the road that it is a mining
area on the Qinghai-Tibet Plateau because there are more trees than in
some parts of Beijing.
The total plantation area covers 155,000 square meters, according to
the company, which made records of the survival rate of different
species of tree they planted. The survival percentage of some trees
such as the willow and redleaf cherry plum was raised from 50 percent
to 80 percent in 2012 after professional care.
In April, the company started planting up to 2,000 aspens in the area
to create more shade.
Mining projects
To help the local Tibet residents to have better living standards and
earn more, the company decided to hire them to help with the
planting. Each of them can get paid 50 to 70 yuan a day. According to
the company, during April to September, the company can help 60 to 80
local people to earn 7,500 yuan each.
"I used to be snubbed by my fellow villagers because I helped people
from the inland to explore the mining resources in the region," said
Lukhang Yeshe when being asked about the difficulties of his job.
He started by acting as an interpreter of the Tibetan language for
Mandarin speakers in 2008 and is now the general manager's assistant
at Huatailong.
He said the area has a 15-year history of mining and there were mainly
private companies in the area before China Gold came in 2008. The
private mining companies were not well regulated and disputes often
erupted among the local people over the deaths of yaks that drank
polluted water and the reduction in grassland.
The regional government asked State-owned companies to begin mining
and associated development there during the 11th Five-Year Plan
(2006-10). The aim was to develop the mining resources scientifically
with advanced technology and protect the fragile natural environment
on the plateau at the same time.
Huatailong was officially established in December 2007 in Tibet by its
parent company, China Gold, on such an understanding.
After 40 separate negotiations over six months between Huatailong and
other companies in the Jiama area, the company succeeded in acquiring
four mining rights, five exploration rights and eight mines in a total
area of 144 square kilometers in July 2008.
"I believe that the participation of a State-owned company in the
mining industry in Tibet is beneficial and meaningful to the place
because the company has the responsibility and financial strength to
protect the natural environment at such a high altitude, something
that requires huge investment," said Lukhang Yeshe.
After two years of construction, the first phrase of the Jiama project
started production in July 2010 and realized revenues of 150 million
yuan in the same year.
Over the past three years, the company has spent 252 million yuan in
total on prospecting for minerals, discovering proven copper reserves
in the area of 6.2 million tons from proven reserves in 2007 of
930,000 tons. Meanwhile, the company discovered 650,000 tons of
molybdenum reserves, 140 tons of gold reserves, 8,624 tons of silver
reserves and 560,000 tons of lead and zinc reserves.
At present, 40 drilling machines are being used to explore for more
resources. Industry experts believe the overall mining resources in
Jiama will together be equal to more than 20 million tons of copper in
terms of value.
Prosperous planning
Located in the largest and highest plateau in the world, Tibet has
rich mining resources with its unique natural geographic
features. Analysts estimate that the mining industry will account for
one third of the region's gross domestic product and become the most
important industry in the area.
According to the Land and Resources Office of the autonomous region,
Tibet has 101 kinds of proven reserves, among which many resources
such as copper, gold, chromium and boron are in short supply in
China. The chromic iron ore reserve is the biggest in China and the
copper reserve the second biggest.
The office said the potential value of the mining resources in Tibet
is more than 600 billion yuan.
Huatailong is the only subsidiary company of China Gold in Tibet. Most
products are sold to Jinchuan Group Co, the third largest copper
producer in China, said Teng Yongqing of Huatailong.
Tibet Mineral Development Co, which was formed in 1994 and listed on
Shenzhen Stock Exchange in 1997, has a longer history than Huatailong
in Tibet's mining industry. It is engaged in the exploration and
collection of ferrous metal mines and involved in the exploration and
sale of chromite, the processing and sale of ferrochrome and the
exploration of copper, iron, lithium and boron.
Teng, who used to work for another gold mining company under China
Gold in Sichuan province and has been working in Tibet for two years,
told China Daily that the company plans to build its own smelting
plant.
Asked about competition in the region, he said it is not "tough" now
even though many mining companies are seeing the importance and
opportunities in Tibet but the high technology requirements to operate
at the high altitude deterred some.
"The mining industry is still in its infancy in Tibet and the priority
is to help the region to develop it together for all the mining
companies," he said.
He estimated that the company will produce 12,000 tons of copper in
2012.
The world's consumption of copper during the first four months was
nearly 7 million tons, and China makes up 44 percent of the world's
use of it at 3 million tons, according to the World Bureau of Metal
Statistics.
The bureau said there was a shortage of 277,000 tons of copper in the
world market during the first four months.
The second phrase of the Jiama project with an investment of more than
5 billion yuan is now being prepared. According to the company, it
will be completed by the end of 2013.
After the completion of the second phrase, the Jiama project will have
a daily mining production capacity of 4,000 tons. When the company
finishes the construction of the underground mining system by the end
of 2014, the daily capacity will reach 20,000 tons.
The company said after completion, annual output will reach 50,000
tons of copper, 1.2 tons of gold and 50 tons of silver. At current
prices, the yearly sales revenue of the company will reach 4.50
billion yuan with profits of 1.18 billion yuan.
According to the region's 12th Five-Year Plan (2011-15), the Tibet
mining industry will need governmental financial support of 16 billion
yuan and social investment of 32 billion yuan. The newly added mineral
reserves will reach 2,000 billion yuan by 2015.
The total output value of the industry in Tibet will reach 40 billion
yuan by the end of 2015 and 80 billion by 2020.
Sun Zhaoxue, chairman of China Gold, the only central State-owned
enterprise in the gold industry in the country, said it will
accelerate development of the second phase of the Jiama project and,
by 2014, the company will have an annual production capacity of 63,000
tons of copper, which is valued at 4 billion yuan according to the
current price.
Plans also call for Jiama to be one of the top nonferrous metal
production sites in the world in five years.
The company has invested 280 million yuan in exploration and estimates
the area holds 8 million tons of proven copper ore reserves, 20 times
more than in 2007 when the company began mining in the region.
According to public data, China Gold increased its total gold reserves
from 275 tons in 2006 to 1,380 tons in 2011. Its overall copper
reserves increased from 1.25 million tons to 9.9 million tons in the
period.
Sun said the company envisages tripling both its total assets and
revenues from 2011 to 2015 with the aim of joining top-tier global
mining companies.
duj...@chinadaily.com.cn
Peter Terpstra <pe...@dharma.dyndns.info> wrote:
>ltl...@hotmail.com wrote:
>
>> Chinese were indeed unhappy. Only 46% had indicated their satisfaction
>> with China's direction.
>
>What is the direction of China??
>It is future talk. The direction of China is unknown!
>(there are some vague promises about reform, but it is more important
>for the CCP to stay in power, so they give just a few centimetres)
>
>So what have they measured? Which people did they ask? Only in Beijing?
>
>But everyone knows the HR situation in China is very bad. You can deny
>what you want,
>you are only denying yourself to look beyond what the CCP tells you.
>
>Also is the world well informed about the situation in Tibet, only CCP
>denies this and deliberately misinforms the people of China.
>
>Why wants the CCP cling to their own power?
>Is this just a school example of utter greediness?
>
>Thank you for the discussion!
>
>With love, Peter
Your aggressive and recalcitrant tone is totally incompatible with
the "With love, Peter" sign-off.
The fact is that if 46% was unhappy in 2002 and only 100 - 82 or 18%
is unhappy ten years later in 2012, then it is clear that there is
a subtantial change, for the amount of nearly threefold improvement.
The surveys are not "future talk". They each measure what people are
feeling at the time period of the survey. Whatever conclusion they
want to draw from it, as long as it is consistent from survey to
survey, then the conclusion can have scientific merits.
It is just propaganda to say
"everyone knows the HR situation in China is very bad."
You have an agenda. You want a Libya style regime change in China.
You don't care how many people die and become homeless! You just
said:
"Why wants the CCP cling to their own power?"
Why do you want it otherwise, unless the Chinese people want it?
And given the Pew survey, it does not look like the Chinese people
would want a Libya-style change for China!
In fact there is a very good reason to trust the Pew survey in which
the unhappy people have shrunk by threefold, and that is that people
are much freer to do what they want except those things that disrupt
the peace and posperity of the community and destroy human lives and
property!
But outsiders from Da Lama and his TGIE cohorts to the west and their
state-funded NGOs are busy trying to use the lives of young vulnerable
Tibetans to push your delusional "I miss Da Lama" dream. How sick!
lo yeeOn
P.S.: see below for what China under the current government mean to
many Tibetan Chinese.
>
>--
>A beautiful song from Tibet
>I miss Dalai Lama
>http://youtu.be/_zo3kYvJr38
Mining to become key to Tibet's economy
Updated: 2012-07-09 08:06
By Du Juan in Tibet (China Daily)
http://www.chinadaily.com.cn/cndy/2012-07/09/content_15559742.htm
Employees of Huatailong Mining Development Co, a subsidiary of China
National Gold Group Corp, celebrating the Tibetan New Year with local
people in February. Located in Jiama town, Metrorkongka county, 68
kilometers from the center of Lhasa, the Huatailong mining project
benefits not only the local people working with the company but their
family members, including the local post-1980 and post-1990
generations. Provided to China Daily
Autonomous region has massive reserves of high-value minerals
Having bought a house in Lhasa and a brand-new car, Ngawang Tsering,
59, a Tibet resident, said he is grateful for what he owns.
"I don't have any special skills but I earn 2,000 yuan ($317) a month
by being an entrance guard at the mine," said the employee of
Huatailong Mining Development Co, a subsidiary company of China
National Gold Group Corp. "My life has changed so much for the better
since the mining company arrived."
He said there are seven people in his family and they all had a
nomadic life before with an annual income of a mere 20,000 yuan. Now
his son earns 5,000 yuan a month as a truck driver at Huatailong's
mining project in Jiama town, Metrorkongka county, 68 kilometers from
the center of Lhasa, the capital city of the Tibet autonomous region
Many local people like Ngawang Tsering see the exploration and
development of the region's resources benefiting not only themselves
but their family members, including the local post-1980 and post-1990
generations.
Tsering Dekyi, 24, said she feels lucky to be working at Huatailong
Mining after graduating.
"There are five people in my family and only my dad made money before
I got the job at the company," she said. "I went to Jiangsu province
to go to middle school and Tianjin for my high school. Because we were
poor, my brother and I could not both go to college."
She decided to let her younger brother go to college instead of her.
Check out this photo of Ngawang Tsering:
http://www.chinadaily.com.cn/cndy/attachement/jpg/site1/20120709/f04da2db11221164670702.jpg
Tsering, aged 59, looks very happy and appears in excellent health
with great teeth to boot.
However, after she worked as an intern at Huatailong Mining, the
company decided to send her to Shenyang in Liaoning province to study
at the Northeastern University, majoring in mining engineering.
"State-owned companies have brought not only economic growth for
Tibet, but also the opportunities for local young people to benefit
economically and academically," said Tsering Dekyi. "This is a great
contribution."
She said that the mining industry in Tibet is essential for national
economic growth and she is keen to see every single ore mined here
fully used for the economy.
So far, Huatailong Mining has financed nine local young people to go
to college in inland areas. It also donated 740,000 yuan to improve
local people's daily lives and 550,000 yuan to local students in the
autonomous region.
To counter poverty and improve local employment, the company hired 191
locals in Tibet. There are 214 staff employees from non-Han ethnic
groups, which account for 35 percent of the company's staff, the
highest percentage among mining companies in China.
Before China Gold came to Jiama, there used to be many small-scale
private miners. Some locals made a living by driving trucks for a
transport business but because they were not well managed disputes
often broke out.
In December 2009, China Gold invested 16 million yuan in purchasing
the transport team and formed Jiama Industrial and Trading Co,
composed of all 655 families with 3,850 local people in
Jiama. Everyone has received a year-end bonus since 2009.
Apart from two people, all the managers, drivers and staff members in
the trading company are locals. Their average salaries can reach as
high as 4,000 yuan a month.
Lukhang Yeshe, a 29-year-old local who works at the company, told
China Daily that many employees at the company had bought their own
cars after one or two years of working.
"At the beginning, many people were against the mining projects in
Jiama, believing exploring the mines was not respectful to the
spirits," he said. "The situation has changed now. Most graduates in
Lhasa want to work at the mine, considering it to be a good job."
Environment
However, Jiama area has an average altitude of 3,900 meters above sea
level with the highest place at 5,300 meters, which makes both the
mining operation and environmental protection difficult.
"Equipment that operates at high altitudes is more expensive. The cost
of social security is more than other projects inland, too," said Chai
Liwei, who has worked for Huatailong Mining's safety department for
three years in Tibet.
He said the company has spent a lot on environment protection
including keeping the water clean and conserving the grass and sparing
no effort on minimizing the impact on nature.
In order to protect the grass, the company spent 200 million yuan on
an underground ore-delivering tunnel, which is 5.5 kilometers long and
varies in height by 397 meters.
The tunnel, the first of its kind in China, can deliver products from
the mining area directly to the ore treatment plants. It has an annual
delivery capacity of 2 million tons, said Teng Yongqing, general
manager of Huatailong.
He said the company spent 15 million yuan on greening projects around
the mine in 2011 and a total investment of 200 million yuan since 2007
on road greening, planting projects and drip irrigation facilities.
"National standards require that the environmental protection costs
should take up at least 3 percent of the total project investment for
mining companies," he said. "Huatailong has spent more than 11
percent, which is much higher than the national requirements."
Since its establishment in 2007, the company has been working on
environmental improvements in the Jiama area in order to build the
trust of local people and not inconvenience their lives.
The company spent 26.55 million yuan on building a road from the
national highway to Jiama and 6 million yuan on planting on both sides
of it about 4,000 willow trees that can survive in the plateau area.
It is hard to believe when driving along the road that it is a mining
area on the Qinghai-Tibet Plateau because there are more trees than in
some parts of Beijing.
The total plantation area covers 155,000 square meters, according to
the company, which made records of the survival rate of different
species of tree they planted. The survival percentage of some trees
such as the willow and redleaf cherry plum was raised from 50 percent
to 80 percent in 2012 after professional care.
In April, the company started planting up to 2,000 aspens in the area
to create more shade.
Mining projects
To help the local Tibet residents to have better living standards and
earn more, the company decided to hire them to help with the
planting. Each of them can get paid 50 to 70 yuan a day. According to
the company, during April to September, the company can help 60 to 80
local people to earn 7,500 yuan each.
"I used to be snubbed by my fellow villagers because I helped people
from the inland to explore the mining resources in the region," said
Lukhang Yeshe when being asked about the difficulties of his job.
He started by acting as an interpreter of the Tibetan language for
Mandarin speakers in 2008 and is now the general manager's assistant
at Huatailong.
He said the area has a 15-year history of mining and there were mainly
private companies in the area before China Gold came in 2008. The
private mining companies were not well regulated and disputes often
erupted among the local people over the deaths of yaks that drank
polluted water and the reduction in grassland.
The regional government asked State-owned companies to begin mining
and associated development there during the 11th Five-Year Plan
(2006-10). The aim was to develop the mining resources scientifically
with advanced technology and protect the fragile natural environment
on the plateau at the same time.
Huatailong was officially established in December 2007 in Tibet by its
parent company, China Gold, on such an understanding.
After 40 separate negotiations over six months between Huatailong and
other companies in the Jiama area, the company succeeded in acquiring
four mining rights, five exploration rights and eight mines in a total
area of 144 square kilometers in July 2008.
"I believe that the participation of a State-owned company in the
mining industry in Tibet is beneficial and meaningful to the place
because the company has the responsibility and financial strength to
protect the natural environment at such a high altitude, something
that requires huge investment," said Lukhang Yeshe.
After two years of construction, the first phrase of the Jiama project
started production in July 2010 and realized revenues of 150 million
yuan in the same year.
Over the past three years, the company has spent 252 million yuan in
total on prospecting for minerals, discovering proven copper reserves
in the area of 6.2 million tons from proven reserves in 2007 of
930,000 tons. Meanwhile, the company discovered 650,000 tons of
molybdenum reserves, 140 tons of gold reserves, 8,624 tons of silver
reserves and 560,000 tons of lead and zinc reserves.
At present, 40 drilling machines are being used to explore for more
resources. Industry experts believe the overall mining resources in
Jiama will together be equal to more than 20 million tons of copper in
terms of value.
Prosperous planning
Located in the largest and highest plateau in the world, Tibet has
rich mining resources with its unique natural geographic
features. Analysts estimate that the mining industry will account for
one third of the region's gross domestic product and become the most
important industry in the area.
According to the Land and Resources Office of the autonomous region,
Tibet has 101 kinds of proven reserves, among which many resources
such as copper, gold, chromium and boron are in short supply in
China. The chromic iron ore reserve is the biggest in China and the
copper reserve the second biggest.
The office said the potential value of the mining resources in Tibet
is more than 600 billion yuan.
Huatailong is the only subsidiary company of China Gold in Tibet. Most
products are sold to Jinchuan Group Co, the third largest copper
producer in China, said Teng Yongqing of Huatailong.
Tibet Mineral Development Co, which was formed in 1994 and listed on
Shenzhen Stock Exchange in 1997, has a longer history than Huatailong
in Tibet's mining industry. It is engaged in the exploration and
collection of ferrous metal mines and involved in the exploration and
sale of chromite, the processing and sale of ferrochrome and the
exploration of copper, iron, lithium and boron.
Teng, who used to work for another gold mining company under China
Gold in Sichuan province and has been working in Tibet for two years,
told China Daily that the company plans to build its own smelting
plant.
Asked about competition in the region, he said it is not "tough" now
even though many mining companies are seeing the importance and
opportunities in Tibet but the high technology requirements to operate
at the high altitude deterred some.
"The mining industry is still in its infancy in Tibet and the priority
is to help the region to develop it together for all the mining
companies," he said.
He estimated that the company will produce 12,000 tons of copper in
2012.
The world's consumption of copper during the first four months was
nearly 7 million tons, and China makes up 44 percent of the world's
use of it at 3 million tons, according to the World Bureau of Metal
Statistics.
The bureau said there was a shortage of 277,000 tons of copper in the
world market during the first four months.
The second phrase of the Jiama project with an investment of more than
5 billion yuan is now being prepared. According to the company, it
will be completed by the end of 2013.
After the completion of the second phrase, the Jiama project will have
a daily mining production capacity of 4,000 tons. When the company
finishes the construction of the underground mining system by the end
of 2014, the daily capacity will reach 20,000 tons.
The company said after completion, annual output will reach 50,000
tons of copper, 1.2 tons of gold and 50 tons of silver. At current
prices, the yearly sales revenue of the company will reach 4.50
billion yuan with profits of 1.18 billion yuan.
According to the region's 12th Five-Year Plan (2011-15), the Tibet
mining industry will need governmental financial support of 16 billion
yuan and social investment of 32 billion yuan. The newly added mineral
reserves will reach 2,000 billion yuan by 2015.
The total output value of the industry in Tibet will reach 40 billion
yuan by the end of 2015 and 80 billion by 2020.
Sun Zhaoxue, chairman of China Gold, the only central State-owned
enterprise in the gold industry in the country, said it will
accelerate development of the second phase of the Jiama project and,
by 2014, the company will have an annual production capacity of 63,000
tons of copper, which is valued at 4 billion yuan according to the
current price.
Plans also call for Jiama to be one of the top nonferrous metal
production sites in the world in five years.
The company has invested 280 million yuan in exploration and estimates
the area holds 8 million tons of proven copper ore reserves, 20 times
more than in 2007 when the company began mining in the region.
According to public data, China Gold increased its total gold reserves
from 275 tons in 2006 to 1,380 tons in 2011. Its overall copper
reserves increased from 1.25 million tons to 9.9 million tons in the
period.
Sun said the company envisages tripling both its total assets and
revenues from 2011 to 2015 with the aim of joining top-tier global
mining companies.
duj...@chinadaily.com.cn
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