The Dragon of Mining

"The picture of China as an antiquated continent is changing rapidly and fast-forwarding progress is a fact in most infrastructural fields. Mining is not an exception. China is today the largest producer of aluminum, coal, steel, zinc, tin, lead and manganese and the country’s mineral resources comprising approximately 12% of the global reserves ranks them number three in the world after US and Russia.In order to feed the growth industry is needed to take extra ordinary strides to improve supply of raw material and Chinese mines are continuously being upgraded with the latest western technology to meet the increasing domestic demand of base metals.In Anshan located in China’s northeast province Liaoning we find one of the fastest developing mining companies, Angang Iron & Steel Group Co. Ltd. With their six mines that together process approximately 60 M ton iron ore/year Angang Iron & Steel Group Co. Ltd is the largest iron ore company in China. The group’s thorough pre-studies and technical evaluations over the past five years have made them very successful in both plant upgrades of existing operations and green field projects.INTRODUCTIONWe live in a time when the world market is gradually acclimatising to the global consequences of “The China effect”. An effect caused by a formerly sleeping giant nation that during the last years has awakened and developed beyond comparison, primarily because of booming infrastructure projects and demand for capital and consumer goods"