http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.16Change: -0.05
R/$ = 12.08Change: -0.14
Au 1187.35 $/ozChange: -19.90
Pt 1124.50 $/ozChange: -24.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 26, 2012

Chinese minerals trading house sets up in Joburg

Back
Construction|Engineering|Johannesburg|Africa|China Nonferrous Metal Mining|CNIT South Africa|CNMC International Trade South Africa|Contractor|Export|Mining|Resources|Africa|China|South Africa|Equipment|Logistics|Logistics Services|Mechanical And Electrical Equipment|Metal Commodity Trade Opportunities|Products|Services|Supply Network|Chen Jiang|Li Xiaoying|Rob Davies|South Africa
Construction|Engineering||Africa|Contractor|Export|Mining|Resources|Africa||Equipment|Logistics|Products|Services|||
construction|engineering|johannesburg|africa-company|china-nonferrous-metal-mining|cnit-south-africa|cnmc-international-trade-south-africa|contractor|export|mining|resources|africa|china|south-africa|equipment|logistics|logistics-services|mechanical-and-electrical-equipment|metal-commodity-trade-opportunities|products|services|supply-network|chen-jiang|li-xiaoying|rob-davies|south-africa-region
© Reuse this



JOHANNESBURG (miningweekly.com) – The trading arm of diversified Chinese mining house China Nonferrous Metal Mining (CNMC) officially opened an office in Johannesburg on Friday – a move that the company believes will deepen trade ties between Africa and China.

CNMC International Trade South Africa is a subsidiary of CNMC International Trade (CNIT), which trades in a range of products and services.

CNIT South Africa would focus on bulk mineral and metal commodity trade opportunities, as well as engineering consultancy and contractor work, logistics services and the supply of mechanical and electrical equipment and plants.

CNMC president Li Xiaoying said that CNIT South Africa aimed to invest in a global supply network, integrating mining and mineral resources development, mining engineering and construction, besides others, while enabling CNMC to participate in international economic cooperation and competition.

Speaking at the official opening ceremony, in Sandton, she encouraged the new South African unit to strengthen local and international trade exchange and cooperation.

Consul General of the People's Republic of China Li Jiangning said that South Africa had become China’s biggest trading partner on the African continent and continued to attract Chinese investment.

Trade and Industry Minister Dr Rob Davies, who led a 68-company-strong delegation to the South African Expos 2012, in China, earlier in the week, has described the relationship as increasingly important.

China, he said, has been South Africa’s leading trading partner both as an export destination and as a source of imports since 2008.

Bilateral trade between the two emerging economies reached $45.4-billion last year, up 77% from the prior year. South African exports to China jumped 150%, accounting for $32-billion of the trade.

South Africa accounted for 25% of Chinese exports to Africa and the source of 38% of Chinese imports from the continent, Department of Trade and Industry director-general Lionel October said earlier in the week.

He added that Chinese companies should take advantage of opportunities presented by recent initiatives such as the Tripartite Free Area and continue to invest in South Africa.

CNIT South Africa GM Gao Xiang said that South Africa offered the company advantageous geographic and marketing opportunities.

Xiang and CNMC executive director and CNIT South Africa vice GM Chen Jiang would be based in Johannesburg, with two other Chinese nationals. As the company expands, the group would hire local employees.

Edited by: Terence Creamer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Economic bilateral relations between South Africa and Peru will receive a shot on the arm when businesspeople from the two countries gather in Lima, Peru, to launch the South Africa–Peru Chamber of Commerce (Sapcham) on Wednesday. The chamber aimed to increase trade...
Tongaat Hulett CEO Peter Staude
JSE-listed Tongaat Hulett CEO Peter Staude told shareholders and analysts on Tuesday that of the company’s land assets, 39% was either in the process of undergoing an environmental-impact assessment, being released from agriculture, had formally submitted a planning...
Trade union Solidarity on Tuesday lambasted government for importing foreign skills in the form of 48 Cuban engineers, instead of appointing South African engineers, calling it a “disgrace”. The first of 48 Cuban engineers, appointed to improve service delivery in...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96