Mining & Energy
Leading the way on MINING
The Australia China Business Council (ACBC) aims to promote and support events that are relevant to the Australia-China business relationship. With mining interests so strong for both countries, ACBC’s work in mining related events play an important role in developing the sector. In August 2010, Duncan Calder, ACBC Western
Australia president, presented to the Next Generation Mining Conference in Perth. In his presentation, Mr Calder focused in the strategic importance of Australia to China, mentioning that the most critical challenges faced by the Chinese leadership are energy and resources security. China has the world’s lowest per capita average of
resources and the situation is only likely to worsen over time. In November 2009, at the In The Zone Conference held at the University of Western Australia, Paul Glasson, ACBC’s Chief Representative in China, spoke about certain “inescapable truths” which compel Chinese companies to pursue a policy to invest overseas to acquire or develop resources for China’s economic development. Asian countries and commodities producers, such as Australia, saw their greatest boost from exports to China. Australia, as a resources-rich country, plays a very strategic role in China’s long term development plans. Having a steady economic growth at an average of 9.5
per cent a year for the last 32 years, China does not have enough resources to satisfy its basic domestic needs.
“The Australian Resources Chinese Investment Conference … discussed best practice models for achieving sustainable relationships between Australian and Chinese companies and investors in the resources sector”
These resources include food, water, oil, gas, coal, iron ore, nickel, copper, uranium among many others. A Ministry of Commerce report on energy security stated that out of the 45 resources that China needs, 19 will become seriously short by 2020 and 11 of these will face fierce international competition. While no one country can meet China’s resources needs, Australia is China’s best choice for investment in a stable, cost-effective supply of resources. In addition to the Next Generation Mining Conference,
ACBC holds and supports many other high profile events every year. China Mining 2010 was held in Tianjin and it has been one of the most influential mineral trade events for the Chinese resources sector, with over 3500 delegates and more than 420 exhibitors from 55 countries. ACBC’s branch in South Australia supported the event by promoting it to mining industry players in Australia, giving them guidance to participate in the event, organising networking meetings and other supportive activities. ACBC SA also co-hosted a lunch with the Australia India Business Council in July 2010 at which members heard from the Minister in relation to the role of China and India in the South Australian resources sector, and the role of the state government in facilitating investment in South Australia. This event came just a week before the 2010 Australian Resources Chinese Investment Conference held in Adelaide, with ACBC SA as key sponsor and facilitator. This conference provided a forum for discussion of best practice models for achieving sustainable relationships between Australian and Chinese companies and investors in the resources sector. These industry-specific events are just a sample of the
general events the ACBC instigates in order to promote Australia-China business and to enhance and facilitate mutual cooperation and investments.
IMAGE: A transformed Anderson Port. Photo by Fortescue Metals Group Ltd
Australia China: BEYOND TOMORROW 43
AUSTRALIA
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