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China was tied for second place in global mining transactions in the first half of this year, after the United States, as the country pursued resources to fuel its economic growth, experts from consultancy company KPMG LLP told China Daily on Monday.

Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.

 

Hongxing Company lays much emphasis on the quality and clients. We serve clients with the quality guideline of being responsible for every working procedure, every product and every client. What we have done is for the clients and we believe that quality is the best way to develop market. All of the products have passed the authentication of ISO9001. Hongxing Brand is the Chinese Famous Brand. Reliable and stable quality is the key to success; our products are well known at home and abroad. Now we have tens of thousands of users throughout China and more than 30 world markets, such as: South Africa, Middle East, India, Philippine, Western Europe, Southeastern Asia.

 

The leading products of our company include: ball mill,raymond mill, sand-maker, jaw crusher, hammer crusher, vertical compound crusher, rotary kiln, drier, vibrating screen, sand washer, magnetic separator, SF flotation machine, roll crusher, belt conveyor, bucket elevator, spiral classifier, impact crusher, disk granulator, final screen, lift mixer, table Concentrator, centrifugal ore separator, high-efficiency Concentrator, disc feeder, pendulum type feeder and hydraulic cyclone. Moreover, we can provide program design, process flow design, standard and non-standard design for clients.

The persistent operating theory of Hongxing is: the development way depends on the concept and the good product comes out of the good faith. We have been awarded the “Civilized Enterprise” “Key Enterprise” “Enterprise with Standard Quality” and “Enterprise with Honesty and Credit Standing”. And Hongxing Brand is a "China Famous Brand" for reliable and stable quality. We firmly believe that we can get sincere repayment with our sincere dedication.

The US dominated the global mining mergers and acquisitions (M&As) market in the first half, accounting for 18 percent of the total deal value, while China and Canada each accounted for 17 percent of global mining M&A transactions, Wayne Jansen, global partner of KPMG in charge of the global mining industry, said.

More than 75 percent of mining M&A transactions by value took place in the copper, gold and coal sectors, he said.

China is competing with global mining players for these metals, he said. Iron ore, a raw material for making steel, is China's particular target as the country is the world's largest steel producer and iron ore consumer.

China has been long looking to buy iron ore resources that will ensure supply as the world's three biggest miners - Vale SA, BHP Billiton Ltd and Rio Tinto PLC - control two-thirds of the global iron ore market and have great influence over prices.

China dominated the global mining and metals transactions market in 2009 when it was one of the few countries that had cash to spare amid the global financial downturn.

However, many of those countries bounced back in 2010, pushing China to fourth in the global mining transactions market in 2010.

'Now, the situation is more balanced. China is still a very significant player - but not the only player,' said Brian Imrie, global head of M&A, Mining Industry at KPMG.

The growth of steel consumption and booming electricity demand mean that iron ore, uranium, thermal coal and coking coal will remain 'metal stars' for Chinese mining companies, Imrie said.

Potash, a key ingredient in fertilizer, is also an important mineral for China as it needs to ensure stable food supplies, said Jansen.

With green technology expected to surge in the coming years, rare earth and platinum, used in the renewable energy and high-technology industries, will also be popular targets for mining companies, Jansen added.

As the professional manufacturer of complete sets of mining machinery, such as symons cone crusher,Wet magnetic separator,Sand maker, Henan Hongxing is always doing the best in products and service.