This is how China operates, planing is going for decades and not just for the next Q filing, best projects are carefully chosen and taken out when the prices of commodities are depressed. Once the decision is made after very careful DD and consideration, projects will be moved forward step by step aiming at the supply of commodities for already existing demand in China. I know it first hand from our strategic partnership with Ganfeng Lithium.
When will we make another one on our Shotgun Gold project or Los Azules Copper Royalty - I cannot tell you, but we are working hard to make it. Why do they need them and why in Latin America, like Los Azules Copper of McEwen Mining? Please find a few links to build the big picture:
Here comes the real economic stimulus from China. This enormous undertaking will provide jobs and will require massive amount of construction materials and metals for this infrastructure. Actually, China is talking about linking Singapore and U.S. Once even the shale oil will be gone, high-speed railways will allow the intercontinental travel in the future.
"We can see how China is positioning itself on the global chessboard in order to preserve the stability and economic growth in these challenging times. After announcement of $1 Trillion infrastructure development plans now comes the very logical step to secure commodities supply from Latin America to implement these plans. Read more."
"Now we can put all China's world-wide acquisitions of the metal projects in the perspective. This huge stimulus plan for infrastructure development will need a secure supply of metals and China is already on the road to get it!Read more."
"Frik Els provides a very good insight into the Chinese deal culture and mining M&A particularly. Las Bambas deal is not only the very good indicator of the turning mining cycle, but also provides guidance for the smaller companies in China to go on The Hunt For Copper and other commodities. You can witness this approach in our particular case of Strategic Commodities with International Lithium and Ganfeng Lithium as well. Read More."
Cecilia Jamasmie | January 29, 2015