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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2008, the investment in China's geological exploration maintained a high level. And significant progress was made in geological prospecting, with new discovery of 209 large and medium-sized mineral deposits, including 38 energy mineral deposits, 90 metal mineral deposits, 79 non-metallic mineral deposits and 2 hydrosphere mineral deposits. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 37 foreign investment projects in Mining industry(Mining Industry (Code B08,B09) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2009, 22 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 152,850,000, down by 37.97£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| The bound rate of iron, manganese, cooper, nickel, cobalt, lead, aluminum, zinc, tin, chrome, tungsten, uranium, thorium, molybdenum, titanium, niobium, tantalum, vanadium, zirconium, silver and stibium ores and concentrates is zero at the date of accession. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In May of 2006, global gold price rose to 730 US dollars per ounce with 41% year-on-year increase, hitting a new record in the past 26 years. Thought dropped significantly later, it still ended with 635 US dollars per ounce closing price, which was still 23% higher than 517 US dollars per ounce in 2005. |
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