Engineering & Mining Journal

DEC 2018

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 47 of 115

CHINA MINING 2018 46 E&MJ • DECEMBER 2018 were the leading producer of tungsten." The company also owns the Northparkes cooper and gold mine in Australia and a large stake in the Tenke Fugurume copper mine in the DRC (Democratic Republic of the Congo), making it a rising star in the copper world. CMOC also bought Anglo American's niobi- um and phosphate business in Brazil, mak- ing it the largest phosphate producer in a country with a lot of agriculture. "In the future, we are confident that the cooperation between China and inter- national community and the integration of East and West will become a major theme for the mining sector," Chaochun said. "We love and work in this sector and we are absolutely confident in future prospects for the industry." "The Northparkes operation in Austra- lia is one of the most sophisticated under- ground copper and gold mines," Chaochun said. "It was the first block cave in Austra- lia and it uses high technology to remotely mine with eight pieces of equipment." Tracing its roots to Luoyang Molybde- num and the original Silk Road, Chao- chun explained how the company expanded through acquisitions to the point where it now operates on four continents. "Luoyang Molyb- denum has grad- ually become a truly global min- ing company," Chaochun said. "Today, 70% of CMOC's reve- nues come from overseas. We are standing tall in the international arena." He encouraged everyone involved in min- ing at all levels to embrace change and the new policies of openness and cooperation. The Leading Gold Producer Shandong Gold Group (SD-Gold) is the No. 1 gold producer in China and the theme of Chairman Chen Yumin's presentation was Shandong Gold, Ecological Mining. He fo- cused on the strategic layout of SD-Gold during the 13 th Five-Year Plan and the effects of internationalization and ecologi- cal mining construction, and affirmed the group's business performance and devel- opment trends in recent years. SD-Gold was established in 1996 and in 2015 converted into a state-owned cap- ital investment company under the Shan- dong Provincial Government. As such, it takes the lead in China's gold industry in terms of gold output, resource reserve, economic benefits, scientific and tech- nological level, and talent advantage. At present, SD-Gold has four mines ranked among the top 10 gold mines in China and "Shandong Gold, Ecological Mining" is the company's mantra and slogan. "Global mining has entered the era of green development," Yumin said. "We must adhere to ecological mining prac- tices and the harmonious coexistence of human and nature. Not only can mining enterprises create great wealth and boost employment, but they can also turn the vision of 'lucid waters and lush moun- tains as invaluable assets' into reality, to win the wide understanding and recogni- tion of the public while realizing the sub- stantial increase of economic benefits." Yumin stressed that, as global mining enters the digital age, it is necessary to speed up the transformation of old and new growth drivers of traditional mining, COMPANY PROFILE-PAID ADVERTISEMENT Boart Longyear Boart Longyear is the world's leading pro- vider of drilling services, drilling equipment, performance tooling, and down-hole instru- mentation for mining and drilling com- panies. Established in 1890, the company consistently sets the standard in the drilling industry. Boart Longyear's comprehen- sive line of drill rig equip- ment includes the first rigs to offer truly hands-free rod handling solutions and the first U.S. firm to utilize sonic equipment for environmental drilling. Customers get the deepest reaching drills on the market and the industry's best solutions for safety and reliability. Originally released more than 60 years ago, Boart Longyear's genuine Q™ wire- line core retrieval system revolutionized the diamond drilling industry. Next came the reliable strength of the RQ™ rod, and now being launched in 2018, Boart Longyear's patent- ed and innovative XQ™ rods add even more value, proven to be stronger, last longer, go deeper, and are easier to make and break. In the 1980s, Boart Longyear engineers developed the groundbreaking, impregnated diamond bit. Continual innovation has since enabled the introduction of the Longyear™ diamond bit line, engineered to drill faster, last longer, and out-perform existing bit technology. Boart Longyear specialists provide a range of drilling service expertise and tech - nical capabilities utilizing an advanced fleet of equipment for hassle-free meters drilled on time and on target. Whether its rigs, sonic equipment, cor- ing rods, casings, bits, down-hole instru - mentation, parts and services or contract drilling services, Boart Longyear takes care of all your drilling requirements for mining, energy, mine de-watering, oil sands explora- tion, and production drilling. For more information, visit Li Chaochun, chairman, China Molybdenum Co.

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