Some headlines in the Chinese press this week, while the "experts" argue whether 50mt extra production from RIO will be the straw that broker that camel's back:
"Southeast China Fujian to Close 392 Mines Before 2014"
-133 were closed in 2012, 118 planned for 2013 and 141 planned for 2014. Roughly half of these are io mines. Annual output of io at Fujian province in 2011 was ~20mt. Considerable output decreases in 2012.
"Southwest China Guizhou to Close Down 2100+ Mines Before 2015"
- That amounts to a 33% reduction in operating mines. Guizhou is noted for coal and aluminium mines, I don't think there are many io mines around there.
"East China Jiangxi to Close Down 903 Mines Before 2015"
- Annual io production is about 15mt in Jiangxi.
"China Hebei to Close Small, Polluting Iron Ore Mines Before 2014"
- The Chinese version of the Pilbara, with annual production ~500mt. Mines with less than 50kt yearly production to be shut, which represents about 10% of total production.
"Northeast China Jilin to Close 105 Mines before 2015."
- ~16mt of annual io production.
"East China Shandong to Close Small Underground Iron Ore Mines Before 2015"
- ~20mt of annual io production. Mines less than 150kt to be shut.
Some headlines in the Chinese press this week, while the...
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