Ore high profits has ceased to exist in Australia need to expand exports of mineral products

According to the "Daily Telegraph" reported, the Australian Federal Resources Minister Martin Ferguson mining giant Fortescue Metals Group and BHP Billiton announced that comment said, about a year and a half ago, the price of iron ore per ton $ 180 after cutting investment, and now everytons, only 90 Australian dollars. Australia need to expand the volume of exports of mineral products, mineral prices brought about by the record of the kind of easy access to the profits of the now defunct.

It was reported that the investment in Fortescue Metals Group decreased $ 1.6 billion, BHP Billiton put aside $ 2.8 billion worth of expansion projects.

Fortescue Metals Group CEO, Powell said, the speed of China's economic growth slowed more than expected lead their companies to cut investment. He said, they saw the steel market supply surplus, and also see that the people have lost confidence in the short-term the Chinese steel market.

China's manufacturing slowdown has lasted 10 months, reaching its lowest level in three years. However, despite the slowdown of the Chinese market, mining investment in this financial year will reach 119 billion Australian dollars.

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Emerald price inflation turned 1 year 8 times

This from December 24 to January 3 emerald bid Assembly, will become the global emerald prices weathervane in the new year. In Myanmar in March this year on the public plate, a jade stones to 33,333,333 euros, which is more than 3 billion yuan price of the transaction, the highest auction record of jade stones. Now, many people in the industry are closely watching Naypyidaw, look forward to the emergence of new miracle. However, feedback from the public offer on-site to see the current public plate number of participants is less than the last, appear unlikely record-breaking turnover.

Jade is a veritable "Crazy Stone". The once-popular movie "Crazy Stone" around a priceless jade expand the plot, the interpretation of the crazy comedy scenes accidentally. In real life, the emerald is more maddening, especially high-end jade decades, the first price soared from a few million millions or even tens of millions.

Chinese jade carving master Wang Junyi tells that he had witnessed a emerald soaring myth: "In November 2009, Myanmar on the public plate, an 'a kind of colored' original stone was sold for a price of 15 million, and 2010 month's time, this piece of original stone sold for the price of 36 million yuan, to wait until September 2010, this piece of the original stone was sold in the domestic high of 1.3 billion, the equivalent of one year turned more than 8 times. When asked why, Wang Junyi analysis, said: "The key is a large number of new funds added to the emerald investment, real estate owners, coal owners are optimistic about the emerald, among the Chinese people shill result Emerald price spikes."

Jade emerald prices across the board surge led the

Skyrocketing not only emerald.

In recent years, the art market continues to be hot, especially jade's performance even more impressive prices to double in a few years or even rise in the number of multiples of ten times the frequent cases, this is also not so many collectors enter the market early profit Philippines.

And nephrite, from late 2010 to the present, the mountain material prices generally rose by 15% to 20% of the very few high-end varieties price even ascribed hundred times; seed material compared with last year, or 50%. The market believes that the support and nephrite prices an important factor in Xinjiang and nephrite mineral face depletion, the raw material is very scarce, has always been collectors palm-sized and nephrite becomes more and more precious.

Produced in Yunnan the Huanglong worth the skyrocketing even more insiders stunned. The Huanglong worth almost marble, per kilogram has risen to a few thousand dollars or even a million, and doubled the price of thousands of times!

Compared and nephrite, Huanglong, the past two years, prices have gone up the most crazy, or emerald. From mid-2011 until now, jade stone prices generally rose from 30% to 50%, top quality jade soared 100% to 200%. First Chinese (Jieyang) Jade Culture Festival emerald Showcase, many top emerald debut, worth tens of millions of fine jade abound, breathtakingly beautiful solid, but the price is also prohibitive for the average consumer. Then, as the most precious, the highest value of jade, emerald prices rose why so high?

Scarcity of raw materials in short supply

Myanmar is a major producer of emerald, approximately 90% of jade were sold to China, and the Burmese public disk raw jade stone wool traded places, often a direct result of the public offer price increased dramatically the the jade market's sharp price increases.

Myanmar has repeatedly participated in the public drive Jieyang the jewelry jade Chamber of Commerce executive vice president Xu Guofeng said: "Myanmar original stone more scarce and non-renewable, the past two years the price rise in the basic rate of 60%. Basically every time the public drive up . "

It is reported that since 2010, the Myanmar government began to restrict the emerald development, and China's domestic inflation, emerald prices soared involved in gambling stone, plus some people do not know jade in Chinese. "Fratricidal", Myanmar Like skyrocketing price of jade stones like riding a rocket.

The emerald prices go jade benefit Jieyang jade industry faced new puzzles

Emerald prices rose sharply, the many Jade supplier followed benefit. "Chinese jade," said Guangdong Jieyang Yang Mei, almost every family engaged in jade craft, now with the emerald rising prices, the wealth of the locals linear upward trend, walking in the streets of male beauty , Mercedes-Benz, BMW, Ferrari and other luxury cars everywhere. Nurtured by the Chaoshan culture, Jieyang people rely on jade, emerald wealth, is also very willing to engage in public welfare undertakings, to help needy groups. According to Xu Guofeng (Jieyang) local traditional jade merchants together running a few things, hands-on action. Previously held China's first the Jieyang jade Cultural Festival, local jade Chen Xian Mei, "Jade Morals figures 'behavior touched by the support of the Government, of Jieyang jewelry jade Chamber of Commerce spontaneous donations, donated ten' Jade De figure "millions of dollars worth of emerald jade."

However, for local jade who, behind the booming, Jieyang jade industry is facing some problems to solve the problem. Xu Guofeng jade market is the lack of a uniform standard: "jade jewelry with oriental features, unlike diamonds set standards based on its weight, clarity, color, and it is difficult to have a unified measure. jade market, the basic lack of standards. Jieyang also explore this issue. "He also pointed out, the advantage of Jieyang as the main direction of natural jade processing, credit management, selling only A cargo, and thus create a Yang beauty the jade brands.

Limited and Chairman of the the Jieyang jewelry jade Chamber of Commerce vice president of, Po Tsui jewelry artwork, Zhu Wei Huan think, the lack of the support of the big brands Jieyang jade industry development, artistic innovation and cultural value is not enough. Jieyang, more of the Emerald Buddha, the Goddess of Mercy, bracelets and other simple jade processing, so basic every family, and the overall lack of artistic innovation and vitality. Jieyang should introduce jade carving masters to increase the maestro, and enhance the value-added of the of Jieyang Jade brand. "Zhu Wei Huan have put forward their own proposals.

Wang Junyi seems, Jieyang jade industry development and change for the industry as a whole in terms of importance, the government should enhance the school level as well as specialized training height, and businesses to conduct some of the guidance, and support for efforts.

Jieyang Party and government departments on the jade industry development bottleneck facing very understanding. The Jieyang city government this before held jade festival in the Tenth year upgrade for jade Cultural Festival, organized by the "Jade Morals characters" a series of cultural activities, Jade Industry Development Forum, jade culture Auditorium is through the implementation of the seventh session of the Sixth Plenary Session of the party spirit, culture jade promote industrial development, and to the jade industry development to promote tourism development, full build Jieyang jade industry brands.

Jieyang relevant departments say: the jade industry is not gambling stone, selling wool, sell the original stone, jade industry to develop, will also focus on cultural values ​​and artistic value of the excavated jade. "This recognition is also Chinese jade industry to form a consensus.

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The Xiyang Group towards the investment in iron ore project contract suspended

Chinese Foreign Ministry spokesman Hong Lei at a regular press conference on the 5th of an iron ore project contract "Western Group of China to invest in North Korea was aborted" reported to respond, he said, China has always supported the Chinese enterprises DPRK invest, in order to contribute to economic and trade cooperation between China and the DPRK.

A reporter asked: It has been reported that, Xiyang Group to invest in North Korea, an iron ore project contract was aborted. What is your comment?

Hong Lei said that China is the DPRK has been to support Chinese enterprises to invest in and contribute to the economic and trade cooperation between China and the DPRK. Hope that the two sides will properly handle problems emerging in the process of cooperation of enterprises in both countries.

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Foreign media: FMG to postpone a large-scale iron ore development in order to save costs

According to foreign reports, the world's fourth largest iron ore producer Fortescue Metals Group Ltd. (FMG) said Tuesday it will cut operating costs of $ 300,000,000, and will postpone a large iron ore of the Pilbara, Western Australia (Pilbara)development, thus further saving of $ 1.6 billion. In addition, FMG will be the abolition of hundreds of jobs.

FMG chief executive Powell (Nev Power), said iron ore prices would decline far exceeded all expectations, and now we are also worried that time more than originally expected late rebound. Government forecasters warned, iron ore, coal and copper and other industrial commodities, there is space for further price cuts.

Australian mining company to take prompt measures to protect profits, because the major industrial commodity price outlook deteriorated bring the risk to the country's economic resources. Australia's quick to get rid of the financial crisis in 2008, becoming one of the world's fastest growing developed countries, the main reason is that the mining industry. Now, with BHP Billiton, Rio Tinto and FMG companies slashed investment, this status has been at risk. Australia's exports of iron ore is the highest single product, its price in the past two months, fell one-third on Tuesday fell to $ 86.90 per dry ton, the lowest level since October 2009. Coal is an important source of profits for Australia's second largest export products, but also the country's large mining enterprises.

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Mining giant Rio Tinto For the implementation of the Argyle diamond mine layoffs

The news that the world-renowned mining giant Australian mineral producers Rio Tinto said the job cuts will be the implementation of the Argyle diamond mine in Western Australia, designed to reduce the cost of the business. It is understood that Rio Tinto has begun to weigh exit the diamond business, while the Argyle diamond mine owners If its output of rare pink diamond famous.

It is understood, Argyle diamond mine began operating in 1983, is the world's largest rare pink diamond suppliers. Rio Tinto said the Argyle diamond mine pink diamond production accounting for one-fifth of the global natural pink diamond production.

Analysts pointed out that Rio Tinto's Argyle diamond mine, a time when the company decided to cancel some of the expansion project and the layoffs, designed to cope with rising operating costs, while alleviating the decline in commodity prices that the adverse impact on company performance implementation of the layoff decisions impact. Rio Tinto is currently seeking resorting to layoffs in the coal mines of the East Australian business, and said that a coal mine will be closed before the end of the year, rather than to find other ways to extend its operating life. Rio Tinto spokesman Bruce Tobin said: "like others in the industry, the Argyle diamond mine is also facing rising costs adversely affected if you do not lay off, it is difficult to think of other ways and measures to deal with this situation. Unfortunately the the layoff decision will mean that some jobs might be cut. "

But for the specific number of layoffs, Bruce Tobin refused to disclose.

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Both ore and shipping market downturn CVRD sell boats slow pressure

Vale a few years ago, ambitious transport distance disadvantage to narrow the Australian mining enterprises to build their own fleet, now both ore market and shipping market slump, began selling boats decompression.

"First Financial Daily" reporter learned yesterday, the world's largest iron ore supplier CVRD agreed to sell $ 600,000,000 10 large ore carriers to Korea Polaris shipping companies, and then lease the vessel from the latter. These vessels per vessel of approximately 300,000 dwt, is all converted tankers purchased by CVRD in 2009 to 2010.

Besides converted tankers, the Vale still in the past few years, one after another to the shipbuilding enterprises in China and South Korea set a large ship orders, such as Rongsheng Heavy Industries signed a big contract, ordered 12 40-ton ore carriers , the total investment cost of $ 1.6 billion.

At that time, the Vale reason for making such a large ship, its main aim was to make up for Brazil to distance Australia to China to further disadvantage. In 2007, two extension ore freight shipped to China from Australia than Vale to low tens of dollars per ton, the tariff difference is close to the sale of iron ore prices.

Months of industry-wide losses this year of the Chinese steel industry, demand for iron ore has been damaged, information statistics show that in August, the month drop of 28 to 29 U.S. dollars / ton of imported ore. In the process of rapid decline, steel mills and traders although procurement, the majority of the demand side in a wait state, but "to buy up not to buy or psychological role.

This also directly affects the demand for dry bulk shipping mainly to transport ore, CVRD is also selling the ship of the important reasons. The company said that the sale of vessels due to rising production costs and ores and metals prices fell, The transaction is one of the portfolio continued to optimize asset allocation will help improve and further strengthen our balance sheet.

However, the industry analysis Vale to build the ship for the Chinese market so far can not be calling at Chinese ports, perhaps the Vale began to give up one of the fuse own vessel plan. Vale is still with the relevant departments calling at Chinese ports to negotiate, at the same time, the company also said that the company's current strategy is the use of the ship "can itself have its vessels owned by long-term charter contracts leaseback use. "

It is worth noting that Vale 12 40-ton ore carriers ordered from Rongsheng Heavy Industries, has already started to deliver, at the same time, part of the company funds the construction of ships, but also by the Bank of China (601988, stock it) and China Export-Import Bank loans, CVRD use policy changes on the ship will also directly affect the Rongsheng Heavy Industries and the bank side.

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Australian mining companies optimistic about African iron ore production potential

Despite the cooling effect of Chinese demand iron ore prices fell to a near three-year low this week, but the Australian miner optimistic that Africa will be the new iron ore producers.

President Jacques Poos made at a meeting of mining executives said on Friday the country's iron ore production in Africa may eventually be comparable to Australia's major iron ore producing areas of the Pilbara (the Pilbara); approximately half of the world's seaborne iron ore supply from Pierre Bala.

Australian developers and mining companies pointed out that China's economic growth slowdown caused by the decline in demand for iron ore is only temporary, and as China attempts to diversify the sources of supply of iron ore, untapped African resources, shareholders' funds will bring more value.

"Africa will be like the past 40 years, BHP Billiton, Rio Tinto and Hancock fortune in Australia, like the rise of Equatorial Resources executive director John Welborn told Reuters. Equatorial develop two iron ore project in the Republic of Congo.

BHP Billiton, Rio Tinto and Hancock Prospecting are large iron ore producers in Australia.

Miners BHP Billiton and other commodities such as iron ore and coal prices have fallen, and part of the project is suspended, triggering concerns about the 10 years of the Australian resources sector boom withered.

Welborn If the projects are all in the West and Central African region, all planning to put into operation by 2020, African exports likely to reach the current level of 500 million tons in Australia.

But he acknowledged that not all projects are expected to be developed during this period completed. Project developers in Africa must overcome infrastructure and insufficient power supply problem, and the face of some of the political and regulatory obstacles.

Welborn also pointed out that, with the rising costs Australia Pilbara iron ore deposits have been highly developed, Africa is gradually turned into a "new Pilbara.

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