Chinese Mining Investment in Australia

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1 Investing in Australia - A Wealth of Opportunities - - -

2 Content Sino-Australia Business Relationship Why Australia Chinese Investment in Australia Australian Government Assistance

3 Sino-Australia diplomatic and trade relationship has been established for 40 years 40 The highly complementary economies between Australia and China bolster the rapid growth of bilateral trade 两国的 China is the largest trading partner with a total value of A$100 billion in 伙伴, Chinese companies started to invest in Australia more than 25 years ago 25 Negotiations on Free Trade Agreement commenced in May Sino-Australia Close Links

4 Chinese Outbound FDI 12.3 (Jan-Jun)

5 Chinese outbound FDI June 2012

6 China s FDI into Australia Of Australia s top 10 FDI stock source countries, China has shown the strongest growth over the last five years 10 In particular, China s FDI into Australia has grown almost 90 per cent per annum since % In 2011, China, together with Hong Kong, was ranked as the sixth largest source of Australia s inward FDI stock with a total combined value of A$20 billion and a market share of 4 per cent %

7 The last five years - Chinese investment in Australia Chinese investment Chinese investment including Hong Kong Year 2006 A$3.5 billion A$6.2 billion A$8.5 billion A$16.6 billion A$19.5 billion 195 (A$42.4 billion) 424 (A$52.4 billion) 524 (A$64.5 billion) 645 (A$59.8 billion) 598 (A$60.3 billion) 603 Source ABS

8 Australia is a Main Destination for China s Investment 8

9 China s Investment by State Source: KPMG

10 Ten good reasons to invest in Australia 1. Growing foreign direct investment 2. Strong economic credentials 3. Strategic location 4. Democratic and Politically stable 5. Business friendly regulatory environment 6. Highly skilled and multicultural workforce 7. Cost competitive location 8. Innovative culture with excellent R&D and IT infrastructure 9. Strong and sophisticated financial service sector 10. Excellent quality of life

11 Government Approach to FDI Open, in the national interest - The Commonwealth Treasurer The Hon Wayne Swan MP at Australia-China Business Council on 4 July 2008, - Wayne Swan

12 Foreign investment its benefits for Australia

13 FIRB / / billion billion USA A$39.1 A$27.6 UK A$28.6 A$15.4 Sector Value A$ million China A$16.3 A$14.9 Mineral exploration & 9,758 development Real Estate 4,093 China: top in terms of volume (5,033 approvals) in FIRB Finance & Insurance 558 Manufacturing 416 Resource processing 132 Services 16 Agribusiness, Forestry, Fishing 4

14 Source: ABARES Advanced Resource Projects

15 Australian Mineral Development Projects Committed*Less Advanced** Coal Iron Ore Bauxite 0 5 Gold 8 34 Copper 4 14 Lead-Zinc-Silver 3 16 Nickel 3 17 Tin 0 3 Vanadium 1 1 REE 1 2 Uranium 1 12 * Under construction or committed **Feasibilty study or later but not yet committed. Source: ABARES

16 Free Geoscience Information Geoscience Australia and Geological Surveys in each State provide Geological and geophysical maps, reports, and digital data sets Large archives of exploration results from exploration company license holders Much of this information is on the internet and is usually free of charge

17 Major Chinese investments

18 Recent Chinese investment Yancoal ( ) Felix Hanlong ( ) Moly Mines China Guangdong Nuclear ( ) - Energy Metals Creat Group ( ) - Galaxy Resources Baosteel ( ) - Aquila Resources Valin ( ) FMG Guangdong Rising( ) PanAust Ansteel ( ) Gindalbie Metals Taifeng ( ) IMX Resources Guangdong Foreign Trade Group( ) - Kagara Zhongjin Lingnan( ) Perilya East China Exploration ( ) Arafura China Nonferrous ( ) Terramin Resource CNOOC ( - Arckaringa (CTL), Exoma (CSM) Shandong Bureau of Geology and Mineral Resources ( ) Bauxite Resources WISCO ( ) Centrex

19 Not Just Resources Beyond the Headlines Renewable energy solar, wind, geothermal Financial Services - banking & IPOs Manufacturing automotive, advanced composites Textiles, wool R & D ICT Pharmaceuticals & TCM clinical trails & Agribusiness - abattoirs, aquaculture, dairy, wineries, sugar, ingredients Retail restaurants Tourism Training pilots, tennis, swimming, safety -

20 Chinese Investments in Other Sectors

21 Austrade s Investment Priorities Tourism infrastructure Major economic infrastructure Clean energy technologies Innovation and R&D

22 Issues and challenges Source: PwC

23 Key Success Factors Choose reputed accounting and law firm Project availability analysis Find suitable partner Experienced managers in specific areas

24 Australian Government

25 25 Roles & Responsibilities of Government in Minerals Exploration & Development The Australian Government Sets national policy, including fiscal, monetary and taxation policy, foreign investment guidelines, immigration, competition policy, trade and customs, company law, international agreements and native title Does not allocate mineral rights

26 26 Roles and Responsibilities of States Government The States and Territories Manage and allocate mineral property rights Have primary responsibility for land administration Regulate operations (including environmental, and occupational health and safety) Collect mining royalties For minerals 1.5 to 7.5% of the value of production, OR up to 20% of profits; / 运 ( ) 1.5%-7.5% 20% 2.5%-7.5% 18% 1.77 For coal % of the value of production, OR up to 18% of profits

27 Australian Government Services Information on establishing a business, costs, skills, tax, R&D, regulations etc Arrange site visits Advice on foreign investment approvals and regulations Expert advice on industry capabilities and strengths Introductions to key government agencies, including the States Identify joint venture partners and arrange site visits Identify relevant government assistance schemes Aftercare 构, 包括州政府伙伴

28 Investor Guide

29 Make the most of the opportunities Australia - leading producers of minerals and the highly prospective for further mineral discoveries Chinese investment in Australia s minerals sector increasing rapidly, but still plenty of opportunities. Australia welcomes foreign investment!

30 Our Global Network 30

31 For more information, please Contacts: or call the following Australian Trade Commission country-based investment specialists: HenryWang Jerry Wei

32 Australia - a Wealth of Opportunities Australia - is Open for Investment

Chinese oil import policies and reforms 随着经济的发展, 目前中国石油消费总量已经跃居世界第二作为一个负责任的大国, 中国正在积极推进能源进口多元化, 鼓励替代

Chinese oil import policies and reforms SINOPEC EDRI 2014.8 Chinese oil import policies and reforms 随着经济的发展, 目前中国石油消费总量已经跃居世界第二作为一个负责任的大国, 中国正在积极推进能源进口多元化,