21 July 2019

Overseas mining investment down 10.9%, paper says

Chinese investment in overseas mining projects fell 10.9 percent to US$3.14 billion in the first nine months from a year earlier, China Securities Journal reported Monday, citing data from the China Mining Association. The decline came amid falling prices of mine products in the wake of depressed global demand, it said. Ten A-share companies accounted for about 36.8 percent, or US$1.15 billion, of the investment. Companies should pay special attention to crude ore export restrictions and environmental rules in different countries when investing overseas, an industry source was quoted as saying.

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