Summary
The mining industry continues to enjoy a boom period in the near future. Chindia will countinue to benefit from this boom. Naturally, mining the raw material is only the first step; the concentrating the ore, transportation and most importantly recovery of the mined land are equally important. This requires futher investment. Public and private initiatives are vital.
Analysis
Chindia need to focus on adding value to the ore by further processing at or near the mines.
It is also imprtant to invest in infrastructure to ensure efficient transport and storage. This in turn would reduce the cost & make them more competitive.
Recovering the mined land is not only environmentally sound but it is economically benefitial. In Jamaica, for instance, used bauxite mines are converted to grazing lands therby promoting local dairy industry.
The initiative must come from both public and private sectors because the emission concessions given to Chindia would soon expire and both will be held to the developed country standards.
