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Mining & Energy


Minister Bryan Green speaking at the Shanghai Expo in August 2010.


Tasmanian team with representatives from Queensland and New South Wales in Gejiu in November 2007.


A dedicated Australian Uranium exploration company with advanced projects in the Northern Territory and Western Australia. Energy Metals’ flagship Bigrlyi Project (NT), is characterised by relatively high uranium grades (with vanadium credits) and excellent metallurgical recoveries.


Energy Metals’ largest shareholder (60.6%) is major Chinese utility China Guangdong Nuclear Power Holding Company (CGNPC). CGNPC currently has five operating nuclear power stations with existing generation capacity of 5,000 MWe and with projected capacity of 50,000 MWe by 2020.


Energy Metals Limited Ground Floor, 10 Kings Park Road West Perth, WA 6005 PO Box 1323, West Perth, WA 6872 Phone: (61 8) 9322 6904 Facsimile: (61 8) 9321 5240 Email: enquiry@energymetals.net


www.energymetals.net


So where is the relationship between Tasmania and China today? China MinMetals has as part of the acquisition of OZ Minerals ended up owning the zinc and lead mine at Rosebery. It also owns the Avebury nickel mine, which is currently kept on care and maintenance pending a sustained improvement to nickel metal prices. Jiangsu Shagang at one point owned the Savage River magnetite mine, which they have since farmed into Grange Resources Limited. Jiangsu Shagang is the largest shareholder in Grange Resources and most of the production is sold to their operations in China. Hunan Nonferrous Metals Limited (HNC) has


taken an interest in King Island Scheelite Limited and they hold 10 per cent of the shares in King Island Scheelite. CREAT Group, a Beijing based company, hold a number of areas in Tasmania for exploration and they have an active program looking for minerals. The other large investment by Chinese interests


in Tasmania is Yunnan Tin Limited and its partner Parksong Mining and Resource Recycling Limited. The two companies, via an investment company YTParksong, have taken a 50 per cent interest in a joint venture with MetalsX Limited to operate the Renison Tin Mine in Western Tasmania. The YTParksong Company also has gained approval from the Foreign Investment Review Board to potentially increase its investment to 60 per cent of


48 Australia China: BEYOND TOMORROW


AUSTRALIA


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