Australia’s miners are lacking in China intelligence, according to Global Mining Association of China (GMAC) Chairman, Peter Arkell.

Mr Arkell argues that China is a vital partner for Australia, as is mining.

“Where would the Australian economy be today without China and mining?” asked Mr Arkell.

Australia supplies 30percent of China’s ore and metal import requirements, far outweighing the contribution from other resource nations including Brazil, Chile, Peru and South Africa.

China was mostly self-sufficient in minerals up until the early 2000s, according to Mr Arkell, noting that China too has a rich endowment of iron ore, manganese, zinc, rare earths and more.

What happened thereafter can only be described as an “infrastructure boom,” and the demand for resources skyrocketed.

“(When I was living in Shang Hai) I remember that we had a visit from John Howard in the early 2000s. The price of iron ore at the time was US$12 a tonne, and you all know what happened to it after that? It jumped to US$180 per tonne,” said Mr Arkell.

While miners across the world were busy selling their wares to China, others took a different approach – with more than 400 exploration projects taking off in the early 2000s.

ASX-listed Sino Gold sold three of its Chinese operating mines for more than US$1 billion, and TSX-listed Continental Minerals sold its undeveloped Tibet copper project for US$432 million.

While international mining projects in China have tailed off, Mr Arkell sees no signs of an economic slowdown.

“I don’t believe that there will be a hard landing anywhere in the near future. Urbanisation is still driving demand.

“A well-developed economy will have about 10percent of its population working on the land in rural areas. In China, around 50percent of the population still lives in rural areas,” Mr Arkell said.

Mr Arkell argues that the population will be able to perform more productive tasks in cities and therefore will increase their contribution to China’s GDP.

Continued urbanisation is not only good news for minerals companies in Australia, but also in China with many domestic companies ranked in the top 50 largest miners including China Shenhua (number four ahead of Brazil’s Vale), China Moly (11) and Tianqi Lithium (33).

While miners in Australia are some of the best in the world, Mr Arkell believes that they are deficient in what he calls CQ or Chinese Intelligence.

“If you look at the boards of companies in Australia, they are sadly lacking in CQ. We would like to see companies far more knowledgeable of what is happening in China,” said Mr Arkell.


据中国全球矿业协会(GMAC)主席皮特阿克尔(Peter Arkell)称,澳大利亚的矿业公司缺乏中国的情报.






阿克尔表示:“(当我住在上海的时候)我记得,在21世纪初,约翰•霍华德(John Howard)来过我们家。当时的铁矿石价格是每吨12美元,你们都知道那之后发生了什么吗? 它跃升至每吨180美元。










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