China sets rules for foreign investment in mining industry

时间：2007-11-15 08:14:25

（单词翻译:单击）

Chinanews, Beijing, Nov. 14 – China has set rules to regulate foreigners' investment in Chinese mining industry, said Wang Min, Vice1 Minister of Land and Resources, on Tuesday.

 

He made the statement when delivering a speech at the Ninth China International Mining Conference.

 

The State Council has issued the "Guide to Investment by Foreign Businesses" which aims at protecting investors2' interests. Recently, the State Development and Reform Commission and the Ministry3 of Commerce have revised the "Directory of Industries for Foreign Investment". According to the "Directory", China encourages foreign investors to participate in the exploitation, mining and processing of oil, natural gas, coalbed methane4, unconventional oil and gas resources, ferrous, and manganese resources. China limits foreign investors' participation5 in the exploitation and mining of special and rare types of coal resources, precious metals such as gold, silver, platinum6, diamond resources, phosphorus, heavy spar, boron and celestite resources. China also limits foreigners to make investment in the smelting7 of copper8, aluminium9, lead, zinc10, tungsten, molybdenum, tin, antimony, and the smelting of rare earth resources. For each different kind of mining resources that are put under the “encouraging” or “limiting” categories, the regulation makes it clear in the stipulations on what forms of foreign investment should make in exploring these resources and how many shares Chinese companies should take in the exploring. In addition, China forbids foreign investors to participate in the exploitation and mining of tungsten, molybdenum, tin, antimony, and fluorite resources, and in the exploitation, mining and processing of rare earth resources. China also forbids foreign investors to take part in the exploitation, mining, smelting and processing of radioactive mining resources, Wang said.

 

In future, Chinese government will explore its mining resources by abiding11 by the principles of relying mainly on domestic companies, carrying out cooperation with foreigners based on mutual12 benefits, strengthening exploring capabilities13, extensive exploring, exploring with conservation, rational utilization14, standardizing15 management and promoting social harmony. In future, China will aim at setting up an operational scheme and conservation management scheme in the mining industry that observes market rules so that China's mining industry can develop in a way that is resources-efficient, safe, sustainable and pollution-free, he noted16.
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1 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
2 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
3 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
4 methane t1Eyx     
n.甲烷，沼气
参考例句：
  • The blast was caused by pockets of methane gas that ignited.爆炸是由数袋甲烷气体着火引起的。
  • Methane may have extraterrestrial significance.甲烷具有星际意义。
5 participation KS9zu     
n.参与，参加，分享
参考例句：
  • Some of the magic tricks called for audience participation.有些魔术要求有观众的参与。
  • The scheme aims to encourage increased participation in sporting activities.这个方案旨在鼓励大众更多地参与体育活动。
6 platinum CuOyC     
n.白金
参考例句：
  • I'll give her a platinum ring.我打算送给她一枚白金戒指。
  • Platinum exceeds gold in value.白金的价值高于黄金。
7 smelting da3aff64f83e01ef85af6da3b7d675d5     
n.熔炼v.熔炼，提炼（矿石）( smelt的现在分词 )
参考例句：
  • a method of smelting iron 一种炼铁方法
  • Fire provided a means of smelting ores. 火提供了熔炼矿石的手段。 来自辞典例句
8 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
9 aluminium uLjyc     
n.铝 (=aluminum)
参考例句：
  • Aluminium looks heavy but actually it is very light.铝看起来很重，实际上却很轻。
  • If necessary, we can use aluminium instead of steel.如果必要，我们可用铝代钢。
10 zinc DfxwX     
n.锌；vt.在...上镀锌
参考例句：
  • Brass is formed by the fusion of copper and zinc.黄铜是通过铜和锌的熔合而成的。
  • Zinc is used to protect other metals from corrosion.锌被用来保护其他金属不受腐蚀。
11 abiding uzMzxC     
adj.永久的，持久的，不变的
参考例句：
  • He had an abiding love of the English countryside.他永远热爱英国的乡村。
  • He has a genuine and abiding love of the craft.他对这门手艺有着真挚持久的热爱。
12 mutual eFOxC     
adj.相互的，彼此的；共同的，共有的
参考例句：
  • We must pull together for mutual interest.我们必须为相互的利益而通力合作。
  • Mutual interests tied us together.相互的利害关系把我们联系在一起。
13 capabilities f7b11037f2050959293aafb493b7653c     
n.能力( capability的名词复数 )；可能；容量；[复数]潜在能力
参考例句：
  • He was somewhat pompous and had a high opinion of his own capabilities. 他有点自大，自视甚高。 来自辞典例句
  • Some programmers use tabs to break complex product capabilities into smaller chunks. 一些程序员认为，标签可以将复杂的功能分为每个窗格一组简单的功能。 来自About Face 3交互设计精髓
14 utilization Of0zMC     
n.利用，效用
参考例句：
  • Computer has found an increasingly wide utilization in all fields.电子计算机已越来越广泛地在各个领域得到应用。
  • Modern forms of agricultural utilization,have completely refuted this assumption.现代农业利用形式，完全驳倒了这种想象。
15 standardizing cea4f4df247b821dfddd5450ebb07063     
使合乎规格，使标准化( standardize的现在分词 )； 规格化
参考例句：
  • These composite indices are derived by standardizing each of its component series. 这些综合指数是使通过把它们的组成部分中的各个数列标准化而获得的。
  • Significant progress was made in rectifying and standardizing nonbank financial institutions. 整顿和规范非银行金融机构取得重要进展。
16 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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