The cooling of China's feverish growth is threatening to turn a decade-long mining boom into bust for many domestic miners. With cost containment being key in the face of falling commodity prices, Chinese miners will be forced to recalibrate their investment approach over the coming quarters. While state-owned mines are generally more insulated from the weakness in commodities prices, the Chinese government's gradual embrace of free market economics should pave the way for some much needed consolidation and restructuring in the mining industry.

BMI Industry View 7

SWOT 9

Industry Forecast 11

Bauxite: Supply Security To Spur Growth 11

      Table: China - Bauxite Production Forecast 13

Coal: Production Undeterred By Green Initiatives 14

      Table: China - Coal Projects 18

      Table: China - Coal Production Forecast 20

Copper: Supported By Drive Towards Self-Sufficiency 20

      Table: China - Select Copper Projects 22

      Table: China - Copper Production Forecast 22

Gold: Growth To Continue On Robust Appetite 23

      Table: China - Largest Gold Projects 28

      Table: China - Gold Production Forecast 30

Iron Ore: Growth To Lose Momentum 31

      Table: China - Select Iron Ore Projects 37

      Table: China - Iron Ore Production Forecast 37

Lead: Autos Sector To Lend Support 38

      Table: China - Select Lead Projects 39

      Table: China - Lead Production Forecast 40

Nickel: Digging Slower As China Rebalances 40

      Table: China - Select Nickel Projects 43

      Table: China - Nickel Production Forecast 45

Tin: Pushing Higher, With Risks To Downside 45

      Table: China - Tin Production Forecast 48

Zinc: Little Impetus For Expansion 48

      Table: China - Zinc Production Forecast 50

Industry Risk Reward Ratings 51

      Table: Asia Mining Risk/Reward Ratings 52

Market Overview 58

      Table: China - Mining Industry Value & Production Forecasts 62

Regulatory Development 63

      Table: Political Overview 66

Commodities Forecast 68

Commodity Strategy 68

Aluminium: Small Rebound 71

Copper: Sideways Trading To Give Way 72

Nickel: Still No Relief 75

Zinc: Short-Term Strength 77

      Table: Select Commodities - Performance & BMI Forecasts 78

      Table: Global Commodities Strategy 79

Competitive Landscape 80

      Table: China - Select Listed Mining Companies 81

Company Profile 82

Aluminum Corporation of China (Chalco) 82

      Table: Chalco - Key Financial Data 86

China Shenhua Energy 87

      Table: Shenhua Energy - Key Financial Data 90

Jiangxi Copper 91

      Table: Jiangxi Copper - Key Financial Data 95

Shandong Gold 96

      Table: Shandong Gold - Key Financial Data 99

Regional Overview 100

Global Industry Overview 106

Downturn To Continue Into 2014 106

      1. China Slowdown To Drive Mining Moderation 106

      2. Frontier Mining Increasingly Challenging 107

      3. Mining Services Firms Facing Tough Outlook 109

But Opportunities Still Exist 111

      1. Asian Outward Investment Continues 111

      2. Private Equity Entering The Mix 113

      3. Global Thermal Coal Demand Still Growing 114

Methodology 117

Industry Forecast Methodology 117

Sources 118

Risk/Reward Rating Methodology 119

      Table: Mining Risk/Reward Ratings Indicators 120

      Table: Weighting Of Indicators 121

      Table: Weighting Of Indicators 122

冶金工业信息标准研究院