China Sees 7.6% Drop in Mining Investments for First Eight Months of 2015

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Researched by Industrial Info Resources China (Beijing, China)--Investments in China's Mining Industry totaled $129.1 billion for the first eight months of this year, a drop of 7.6% from the same period in 2014. Private-sector investments amounted to $73.62 billion, a drop of 9.5%, according to the latest report by National Bureau of Statistics of China.

Investments in coal mining and washing for January through August totaled $41.3 billion, a drop of 14.4% from the same period in 2014; extraction of petroleum and natural gas amounted to $31.02 billion, a drop of 1.1%.

Investments in ferrous-metals mining, smelting and pressing fell 17.3% to $14.88 billion; and similar investments for non-ferrous metals dropped 2.3% to $15.81 billion.

In contrast, spending for mining and processing of non-metallic minerals reached $21.57 billion, an increase of 4%.

China's overall investment in fixed assets (excluding rural households) for the first eight months of this year reached $5.47 trillion, an increase of 10.9%. This includes an 11% increase in private-sector investments to nearly $3.6 billion.

Industrial Info is tracking more than 5,000 operational mines and 5,800 active metals and minerals projects in China, with a total investment of more than $700 billion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.