Source of Mine

In the circumstance of strengthening the management of issuing the mining and exploration licenses by government, the competition of obtaining mine resources is more severe. When the company is dealing with the matters for getting the potential mine source, the company will face the big competition from the enterprises in the same-field who mainly engage in the business of mine development, such as Zijin Mining Co., West Mining Co. and others. But based on the company's experience in carrying out the development of mines in the long run, the company has certain competitive potential for obtaining the development of mines in the western and northern parts of China. In regard with the development of mines in foreign countries, the competition does not only exist from foreign mine enterprises, but also from the influence of the protection policy of the country.