中国对加拿大矿业投资及前景展望
The Outlook on China's Investment in
Canadian Mining Industry
余本林 公使衔商务参赞
Yu Benlin
Minister Counselor
Embassy of China
March 3, 2014
Ministry of Commerce of the
People’s Republic of China
Outline
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中国对加拿大投资现状
Overview of China’s Investment in Canada
中国对加拿大矿业投资现状
Chinese Investment in Canadian Mining Sector
加拿大投资环境
Business and Investment Environment in Canada
中国对加拿大矿业投资前景
Outlook of China’s Investment in Canadian Mining
Industry
Ministry of Commerce of the
People’s Republic of China
一、中国对加拿大投资现状
An Overview of China’s Investment in Canada
Ministry of Commerce of the
People’s Republic of China
中国投资的行业(Investment Sectors)
中方投资主体
Investment entity
能源 energy (77%)
矿产 mining (10%)
可再生能源 renewable energy (0.7%)
金融 finance (0.5%)
制造业 manufacturing (0.5%)
农业 agriculture (0.3%)
信息通讯 ICT (0.1%)
国有企业
SOEs
私营企业Private
companies
自然人Natural
person
其他Others
贸易 trade
交通运输 transportation
林业 forestry
餐饮服务 food industries
环保技术 sustainable technologies
数据来源：驻加拿大使馆
Source: Chinese Embassy in Canada
生物制药 bio-pharmacy
Ministry of Commerce of the
People’s Republic of China
中国主要投资项目
Major Chinese Investment Projects in Canada
Jinduicheng
Chi Hong Mining
CNOOC
Huakan Mining
Kailuan Dehua Mines
HD Mining
CNPC
CIC
Chi Hong
Mining
Jien Nickel
WISCO
Jien Nickel
COSCO
Sinotrans
Air China
China Eastern
Airlines
Hainan Airlines
Sichuan Airlines
Hunan Nonferrous Meteals
CNOOC
Sinopec
CNPC
CIC
Yancoal
Great United
Petroleum
M&J Potash
Jien Nickel
Longyuan Power
Huawei
ZTE
Bank of China
ICBC
CIC
Brunswick
二、中国对加拿大矿业投资现状
China’s Investment in the
Canadian Mining Sector
Ministry of Commerce of the
People’s Republic of China
中国对加拿大矿业投资现状
Overview of China’s Investment in
Canadian Mining Sector
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企业数量少，占中资企业总数9%；
A Relative Small Number of Investing Enterprises
总投资额约50亿加元，占中国企业投资总额10%；
Investment Amounts to CAN$ 5 billion, 10% of the
total Chinese investment in Canada
投资项目涉及铁、镍、钾、锌、银、铜、锂、锑等；
Investment in Mining Projects of Iron, Nickel,
Potassium, Zinc, Silver, Copper, Lithium, Antimony
项目地域分布广泛
Projects locate in a Wide Range of Localities
Ministry of Commerce of the
People’s Republic of China
三、加拿大投资环境
Business Environment for
Foreign Investors in Canada
Ministry of Commerce of the
People’s Republic of China
加拿大投资环境的优势
Advantages
• 制度环境方面，法制健全，社会稳定，多元文化包容性强；
• Sound Legal System, Social Stability and Cultural
Diversity
• 商业环境方面，总体较为舒适；
• Business Environment embraced with Welldeveloped Financial and Intermediary Services
• 资源禀赋条件，自然资源丰富
• Abundant and a Large Variety of Natural Resources
Ministry of Commerce of the
People’s Republic of China
加拿大投资环境的自身特点
Issues that Investors May Encounter
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矿业项目基础设施缺乏；
Lack of Ready Infrastructure on the Ground
劳动力市场储备不充沛，外籍劳工政策严；
Lack of Labor and Rigorous Policies on Employment of Foreign Labor
环保标准非常严格；
Rigorous Environmental Standards
原住民是特有族群；
The Issue of First Nations
工会、社区、非政府组织等利益相关方话语权强
The issue of Proper Dealing with Unions, Local Communities and
NGOs
Ministry of Commerce of the
People’s Republic of China
四、中国对加拿大矿业投资前景
Outlook on China’s Investment in
Canadian Mining Sector
Ministry of Commerce of the
People’s Republic of China
挑战
Challenges
• 不同的投资环境
• A Different Business Environment.
• 中国和国际矿业市场的不利环境
• The Overall Weak Performance of Global Mining
Industries and Markets
Ministry of Commerce of the
People’s Republic of China
中国矿业企业在国内面临产能过剩、环境修复、要素价格上涨压力。国内矿业投资呈低增
速态势，对外投资下降。
Chinese Mining Companies are faced with the Pressure of Overcapacity, Environmental
Rehabilitation and rising cost of input. The investment for mining domestically and overseas
were declining.
2013年1-9月中国对外矿业投资情况
China's Outward Mining Investment (first three qaurters, 2013)
4000
3500
金额:百万美元
US$Million
3000
2500
2012
2013
2000
1500
1000
500
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协议投资额
Total investment
（on agreement）
数据来源：中国矿业联合会
Source: China Mining Association
并购金额
M&A
勘探金额
Exploration
矿山建设金额
Mines development
Ministry of Commerce of the
People’s Republic of China
国际矿业市场形势
The Global Mining Industry and Markets
• 缓慢复苏的世界经济。发达经济体经济复苏基础仍不牢固，
整体增速从2012年的1.5%降至1.2%。新兴经济体增速仍
在放缓，整体增速从4.9%跌至4.5%
• Slow Recovery of the World Economy. The Economic
Recovery of the Developed Countries is still not on a
Solid Basis and Growth of Developing Countries are
slowing Down.
• 矿产品价格波动。IMF编制的初级产品分类价格指数中，
金属类价格指数1-9月下跌12.1%，是跌幅最大类别
• The Prices for Mineral Commodities are Declining.
• 国际矿业投资面临收缩局面
• The International Investment in Mining Shrinks.
国际及加拿大矿业投资
Investment in Global and Canadian Mining Industry
120
100
80
金额：
十亿美元
US$Billion
60
2012
2013
40
20
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国际并购
Global M&A
加拿大矿业投资
Investment in Canadian
Mining Industry
数据来源：安永会计师事务所、加拿大矿业协会、多伦多证交所
Sources: Ersnt &Young, Canadian Mining Association, TSX
注：加拿大矿业投资金额单位为十亿加元；多伦多证交所矿企融资2013年数据为前
10个月数据。
多伦多证交所矿企融资
TSX Mining Companies
Financing
Ministry of Commerce of the
People’s Republic of China
中加矿业合作的机遇
Opportunities for China-Canada Cooperation in Mining Sector
• 中加矿业合作互补性
• China and Canada are highly Complementary in Mining
中方
获得矿产品稳定供应来源
中国自身资源可持续开发管
理解决方案
For China
Canada is Stable Source of
Supply
Help China Find a
Sustainable Solution to
Resource Development
加方
自然资源项目开发资金
经济增长、增加就业
贸易、投资多元化
For Canada
Chinese Investment Helps
Fund Resource
Development and Drives up
Economic Growth and
Employment.
Ministry of Commerce of the
People’s Republic of China
中加矿业合作的机遇
Opportunities for China-Canada Cooperation
in Mining Sector
• 中国深化改革释放的发展潜力
• The Development Potential Unleashed by China’s
Continued Reform
1. 城镇化建设。到2020年，约9000万人将由农民变为城市居民。
Urbanization. By 2020, 90 Million Chinese Rural Residents Will
Move to Urban Areas.
2. 对外投资体制改革。深化管理体制改革，放宽对外投资限制。
More facilitating and Flexible Policies to be adopted by Chinese
Government to Encourage Outbound Investment.
Ministry of Commerce of the
People’s Republic of China
几点建议
Pieces of Advice
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投资决定前做足功课，深入了解涉及项目的各方面情况
Comprehensive Research Before Investment Decision
项目申报筹备时，调动各方面积极因素认真应对
Making Careful Plans for Application for Approval
项目开发阶段合规经营，履行社会责任，融入当地社区
Abide by Laws and Implement Social Responsibilities
Ministry of Commerce of the
People’s Republic of China
谢谢！
Thank you!
Ministry of Commerce of the
People’s Republic of China