September 2,2012--The degree of concentration of the rare earth industry's top five accounted for 71%of global output,followed by titanium,due to the relatively high barriers to entry.The top five accounted for over 68%share,followed by the order of 57%nickel,aluminum 43%,copper 40%,zinc 28%.Needed for the production of intermediate links,43%of titanium sponge,alumina 45%,almost the same.
Domestic concentration of the rare earth is still not high,Baotou Steel Rare Earth(7.59,0.01,0.13%,right)is never a good leader,the limited production price also ended in failure.Therefore,rare earths,aluminum,copper,lead and zinc will be thereafter main integral role.
Analysts believe that the central enterprises will become the main force of this colored industrial integration.Throughout the integration of the nonferrous metals industry mergers and acquisitions,private enterprises,the majority of the factors in the market,if it is state-owned,is dominated by government policies.
Adequate cash flow,asset-liability ratio is lower,the industry status significantly enterprises will attack.From these comprehensive analysis,the Aluminum Corporation of China,Zijin Mining will indeed led faucet.
So,who is the most have the strength of mergers and acquisitions?The CICC given answer is:
Zijin Mining cash flow is more abundant,there are still monetary funds of 5.66 billion yuan,gold in its free cash flow in 2008 is expected to reach 15 billion,and the balance was only 23%;Zijin has a rich acquisition merger experience:Zijin Mining since 2002 to integrate a number of backward management quality gold,copper and gold production in 2002-2007 compound annual growth rate of 26%,2007-2009 epitaxial growth accounted for the growth in gold production 68%;in terms of cost,Zijin Mining's gold and copper mine production costs has remained low end of the industry.
Aluminum Corporation of China,and its parent company Chinalco a significant expansion in the past two years for all to see.China Aluminum hand 15 billion in cash,but taking into account the debt is less than its affordability Zijin Mining,however,than other large metal companies,such as the debt ratio of 50%of Baotou,in aluminum level of 33%is still room.Therefore,the Aluminum Corporation of China there are two paths to take,one by borrowing the implementation of mergers and acquisitions,the two continue to operate through the parent company.
It is worth noting that the gold molybdenum shares,Baotaigufen,Zijin Mining,Western Mining,Xinjiang Zhonghe and other refinancing completed in the past year,the balance is low,adequate cash flow,and the carrying amounts of cash than interest-bearing liabilities,The financial risk is smaller.They are expected to be the originator of the industry consolidation.
Chinalco,China Metallurgical Group,in color Group,China Minmetals in prefix"colored central enterprises have to lose ground in the A-share market,even in the CPI also"hands on"non-ferrous metal piece of"cake".It is reported that China Power Investment is preparing the acquisition of Qingtongxia Aluminum formation Following the Aluminum Corporation of China,China's second-largest electrolytic aluminum producers.
In addition,there are some actions failed to complete in 2008,in 2009,is expected to start.Chihong Zinc Germanium one hand did not give up the reorganization of the Jinding Zinc Industry,on the other hand there are other market-oriented acquisition opportunities in the next year,such as the company has started the exploration of lead and zinc resources in Inner Mongolia.
The integration of non-ferrous metals industry is in full swing,this is the inevitable growth and development of an industry,China's economic development inevitable.Hope that the non-ferrous metals industry as an opportunity to better and faster development of.
Zoneding Machine has been dedicated to the research and development of the crushing and beneficiation equipments.The research is not only successfully applied to our own products development,but also makes great contribution to mining field.
research production
Our company pays more attention to the international technical communication and cooperation,adopts advanced technology and craftworks of USA,,Australia and so on.
Vigorous production and research:
About 30 technical members are working in the R&D center of Zoneding Machine mainly consisting of mechanical engineers,chemical engineers and electric engineers.They specially follow the basic research,new product development and technical support of machinery equipment in the field of mining machinery.
Our company possesses independent development,processing and manufacturing capabilities and also has an independent R&D center and production base.Endowed with modern-cutting equipment,advanced computer aided design systems and perfect three-dimensional simulation test systems,our company can ensure our products'performance.
High standard manufacture process:
Our company has group of experienced workers and on-site engineers,which ensures the advantage of production.We are always strict in product quality to make sure every set of machine is of high performance and high reliability.Thirteen technicians comprise our Tech Support Dept.We assign 10 QC inspectors to check our equipment,and three to monitor our stone-crushing lines.
Every item must pass our strict quality checks prior to shipment.Aftersales service staff are ready to help customers solve technical problems.And we also provide engineers to train your employees,if needed.
The company ha s group of experienced workers and on-site engineers,which ensures the advantage of production.Zoneding Machine has always been strict in product quality making usre every set of machine is of high performance and high reliability.
