China Mining Investments Plunge Nearly 20% in First-Half 2016

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Researched by Industrial Info Resources China (Beijing, China)--China saw $66.02 billion in mining investments during the first half of 2016, down 19.7% from the same period in 2015, according to the National Bureau of Statistics of China. The investments included $39.75 billion from the private sector, a drop of 17.7%.

Investments in coal mining and washing for the period of January through June this year totaled $17.35 billion, a drop of 34.1% from the same six months in 2015. Investments in the extraction of petroleum and natural gas were $14.97 billion, a drop of 18%.

Investments for mining, smelting and pressing of ferrous metals fell 31.2% to $7.05 billion; while similar investments for non-ferrous metal grew 6.3% to $10.46 billion. Spending for mining and processing of non-metallic minerals was $13.9 billion, a drop of 4%.

Private investments for first-half 2016 totaled $10.25 billion for coal mining and washing, a drop of 32.4%. Likewise, private investments in the extraction of petroleum and natural gas amounted fell 5.9% to $1.41 billion. Other private investments during the period included: $5.5 billion for mining, smelting and pressing of ferrous metals, a drop of 38.3%; $7.72 billion for mining, smelting and pressing of non-ferrous metals, a 5.4% increase; and $13.36 billion for mining and processing of non-metallic minerals, a drop of 2%.

China's overall investment in fixed assets (excluding rural households) for January through June reached $4.04 trillion, an increase of 9% year over year. This included $2.48 trillion in private sector investments, up 2.8%.

Investments in primary-sector industries (agriculture, forestry, fishing, mining and oil and gas production) reached $116.57 billion during the first six months of this year, up 21.1% from the same period in 2015. Investment in tertiary-sector industries reached $2.33 billion, up 11.7%. Industrial manufacturing investments totaled $1.29 trillion, an increase of 3.3%. Investments in electric power, heat power, gas and water totaled $204.82 billion, an increase of 22.5%. Other infrastructure investments (excluding electric power, thermal power, gas and water) reached $766.96 billion, a jump of 20.9%.

Industrial Info Resources tracks over 7,000 operational metals & minerals plants in China and more than 5,000 active metals & minerals projects with a total investment of over $700 billion.

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