皇冠体育app

Mark Moody-Stuart,chairman of Anglo American Plc [皇冠体育app Daily]

So it follows that Anglo American Plc, the British-based global mining giant, is developing new investment and sourcing plans for the fledgling but promising Chinese market, Moody-Stuart, the firm's chairman, reveals.

Anglo American's chairman made time for an interview in the company's Beijing office the day after delivering a speech at the 皇冠体育app mining conference in Beijing.

"Our current investment in 皇冠体育app US$300 million is relatively small at present stage, compared to our global investment figures. We are seriously studying the possibility of increasing our investments in 皇冠体育app, mainly involving two categories of products coal and non-ferrous metals," Moody-Stuart says.

"In addition to more production investment to 皇冠体育app, we will also raise the sourcing spending in 皇冠体育app to better support our global operation."

Currently, Anglo American probably spends less than US$10 million buying industrial equipment and products from 皇冠体育app.

Anglo American started investing in 皇冠体育app with its entry into the market in the mid-1980s. Now the global resource explorer is hoping to invest several billion US dollars rolling out clean coal products in Shaanxi Province and another several hundred million to mine platinum and nickel if early stage exploration projects are shown to be viable.

"About US$300 million is not an astronomical figure for investment to 皇冠体育app. We are looking forward to more investment in 皇冠体育app," Moody-Stuart asserts, not concealing his preference for the Chinese market. The chairman believes the Chinese market will keep growing at a relatively high rate for a couple of years and then continue to develop steadily.

1

2

3

(For more biz stories, please visit )