China has not the same out look as the rest of the world,when it comes to its mineral resources.
Although its the largest producer of gold at the moment,it really cares little about its production,but jealously guards its base and industrial minerals.Any western mineral miner can get a permit to mine gold there and has some freedom as to where it decides to sell its production,but when it comes to the base metal category itis almost impossible to get a permit.The Chinese believe that that asset is best left in the ground.That is why they are now expandng outwards world wide and buying up all those mineral assets as then they will have their own in reserve.
Another fallacy is that they need our know how to succeed at mining.This is simply not so,as they have been mining for two thousand years and when they need to know exactly how to mine.
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Simon has just sent me on twitter an update from JSE DIRECT also I follow CLIVESIMKINS and ALEX HOGG
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