TIANJIN: As a key speaker at the recent China Mining Congress & Expo in Tianjin, Intierra Resource Intelligence, the world’s leading supplier of business intelligence to the mineral resources sector, revealed that foreign mining revenue for Chinese companies reached approximately $39 billion in 2010.
During a detailed presentation covering Chinese interests in foreign resources, global capital market conditions plus recent mergers and acquisition activity, Channel Director Stuart Ferguson, showcased figures from the IntierraLive database that indicated China’s direct interest in foreign resources was now $4168 billion.
Ferguson stated, “The Chinese direct interest figure highlights China’s growing presence in the global marketplace. Chinese companies are well entrenched across all the different mining geographies and deriving significant revenues from their investments to date.”
China Mining Congress & Expo, one of the world's premier mining congress and exhibitions and one of the world's top four mining events, has become Asia's largest mineral exploration and mining trading platform. It plays a crucial function in creating communication channels and new opportunities for Chinese domestic and international mining interests.
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