国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Chinadaily.com.cn
 
Go Adv Search

Shaanxi Coal sets sights on Australia

Updated: 2012-03-07 07:52

By Zhou Siyu (China Daily)

  Comments() Print Mail Large Medium  Small

Shaanxi Coal and Chemical Industry Group Co Ltd, a large State-owned energy and coal chemical company, plans to invest in an Australian coal mine, Group Chairman Hua Wei said while attending the fifth session of the 11th National People's Congress on Tuesday.

"We are currently conducting geological exploration in the coal mine (in Australia)," said Hua.

The investment will be carried out with other energy companies based in Northwest China's Shaanxi province, according to a source close to the matter.

Neither the source nor Hua revealed further details.

The company's previous overseas investment involved a fertilizer plant in Argentina in 2011. Hua's company made the investment through a joint venture with Shaanxi Xinyida Investment Ltd and Jinduicheng Molybdenum Group Co Ltd.

Set for completion in 2013, the plant was the company's first overseas project and the largest Chinese investment in Argentina.

"We have made steady progress" in the plant's construction, Hua said.

Industry analysts said overseas investments could strengthen the company's ability to compete in China and the global market.

"An overseas presence could help boost the company's revenue," said Li Junfeng, an analyst with China Securities Co Ltd.

China's overseas investments have increased steadily in recent years.

In January, the total value of the nation's overseas investments jumped 60 percent year-on-year to $4.38 billion, according to data from the Ministry of Commerce.

The investments are expected to continue rising. The country will guide companies in making overseas investments and pursuing foreign mergers and acquisitions in industries including energy, raw materials, agriculture, manufacturing and services in 2012, said Premier Wen Jiabao at the fifth session of the 11th National People's Congress on Monday.

"China's outward investment is in an important stage of accelerated development," Wen said.

In the coal sector, several major Chinese companies have increased their international presence. In December, Yanzhou Coal Mining Co Ltd said it planned to merge its Australian unit with Gloucester Coal Ltd in a A$700 million ($743.5 million) deal. This will create one of Australia's largest listed coal companies.

But analysts warned that Chinese companies in the coal sector lack the necessary experience to undertake foreign investments and takeovers. "Companies should devise a sound strategy before scrambling for overseas expansion," including a thorough study of local regulations and customs, Li said.

China's coal imports in January rose 3.9 percent year-on-year to 19.7 million tons, according to data from the General Administration of Customs.

In 2011, China imported 1.82 trillion tons of hard coal, up 10.8 percent, official data show.

zhousiyu@chinadaily.com.cn

闸北区| 辽阳市| 河池市| 通渭县| 霍州市| 壶关县| 敦化市| 永定县| 涟水县| 汝城县| 邹城市| 利津县| 武川县| 西乡县| 田东县| 资阳市| 宜丰县| 长治县| 水富县| 石家庄市| 山西省| 吉木萨尔县| 山东省| 霸州市| 炉霍县| 新密市| 东光县| 潼南县| 清涧县| 武陟县| 盘锦市| 大邑县| 海宁市| 米林县| 尤溪县| 佛坪县| 孟津县| 紫阳县| 全椒县| 疏勒县| 枣庄市|