Mining beneficiation fund between China and Africa is built
12 January, 2013 at 5:41 am in Construction
A new China/Africa private equity fund has been launched to boost mining on the continent which embraces value-adding beneficiation in Africa.
The Africa Mining Congress 2012 in Johannesburg was told by Ruukki South Africa CEO and former South African Department of Trade and Industry director-general Dr Alistair Ruiters that the China Mining United Fund represented a collaborative new Chinese/African approach which embraced the adding of value to Africa’s metals and minerals on the continent itself.
This is a good news for both side of Chinese mining industries and Africa mining industries. As we all know, China and Africa both have rich mineral resources. Especially the Africa's mineral resources is in the process of developing, China is willing to delivery of assistance.
Also this is a good chance for the Chinese mining equipment , especially such as Hongxing , the Chinese leading manufacturer of mineral processing equipment in China. Henan Hongxing mainly specializes in producing crushing, grinding, feeding, screening and beneficiation equipment, including stone crusher, mobile crusher,ball mill, vibrating feeder, vibrating screen, flotation machine, magnetic separator, rotary dryer and other related mineral processing equipments.impactor equipment: http://www.hxjqchina.com/n117.html
This new found China Mining United’s second private equity fund, is represented in South Africa by the privately held Kermas group, which controls Ruukki South Africa. And It provides equity and equity-linked capital with a value-adding role and uses strategic alliances within China and internationally.
Through its global partnerships, the fund,Through its global partnerships, the fund, is predicated on the belief that continued economic growth in China will create ongoing demand for resources, has been able to generate a significant volume of deal flow.