Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 5
2 Executive Summary 6
2.1 Largest Producer and Consumer of Iron Ore 6
2.2 Less Reliance on Imports 7
3 Introduction 8
3.1 GlobalData Report Guidance 8
4 China Iron Ore Mining Industry - Drivers and Restraints 9
4.1 China Iron Ore Mining Industry - Drivers 9
4.1.1 Consolidation in the Industry 9
4.1.2 Less Reliance on Imports 9
4.1.3 Increasing Steel Production 9
4.1.4 Investments in Mineral Exploration 10
4.2 China Iron Ore Mining Industry - Restraints 11
4.2.1 Illegal Mining 11
4.2.2 Poor Safety Standards 11
4.2.3 Low Iron Content 11
5 China Iron Ore Mining Industry - Production, Reserves, Consumption and Trade 12
5.1 China Iron Ore Mining Industry - Total Production 12
5.2 China Iron Ore Mining Industry - Total Reserves 14
5.3 China Iron Ore Mining Industry - Total Consumption 16
5.4 China Iron Ore Mining Industry - Exports and Imports Scenario 18
5.4.1 China Iron Ore Mining Industry - Imports from Countries of Origin 20
6 China Iron Ore Mining Industry - Top Active and Planned Projects 22
6.1 China Iron Ore Mining Industry - Top Active Projects 22
6.2 China Iron Ore Mining Industry - Planned Projects 23
7 China Iron Ore Mining Industry - Fiscal Regime 24
7.1 China, Governing Bodies 24
7.1.1 Ministry of Land and Resources 24
7.1.2 National Development and Reform Commission 24
7.1.3 Department of Resource Conservation and Environmental Protection 24
7.2 China, Governing Laws 25
7.2.1 Mineral Resources Law (March 19, 1986) 25
7.2.2 Law on Safety in Mines 25
7.2.3 Land Administration Law (August 29, 1998) 25
7.2.4 Environmental Protection Law (December 26, 1989) 25
7.3 China, Mining Licenses 26
7.3.1 Exploration and Mining License 26
7.4 China, Key Fiscal Terms 26
7.4.1 Royalty 26
7.4.2 Resource Tax 26
7.4.3 Urban and Township Land Use Tax 27
7.4.4 Enterprise Income Tax 27
7.4.5 Local Taxes 27
7.4.6 Vehicle and Vessel Usage Tax 28
7.4.7 Stamp Tax 29
7.4.8 Deductions 29
7.4.9 Depreciation 30
7.4.10 Loss Carry Forward 30
7.4.11 Withholding Tax 30
7.4.12 VAT 30
7.4.13 Tax Incentives 31
8 China Iron Ore Mining Industry - Competitive Landscape 32
8.1 China Iron Ore Mining Industry - Key Companies, Anshan Iron and Steel Group Corporation (Ansteel) 32
8.1.1 Anshan Iron and Steel Group Corporation (Ansteel), Overview 32
8.1.2 Anshan Iron and Steel Group Corporation (Ansteel), Business Description 32
8.1.3 Anshan Iron and Steel Group Corporation (Ansteel), Major Iron Ore Projects 33
8.2 China Iron Ore Mining Industry - Key Companies, Wuhan Iron and Steel Corporation (WISCO) 34
8.2.1 Wuhan Iron and Steel Corporation (WISCO), Overview 34
8.2.2 Wuhan Iron and Steel Corporation (WISCO), Business Description 34
8.2.3 Wuhan Iron and Steel Corporation (WISCO), Major Iron Ore Projects 35
8.3 China Iron Ore Mining Industry - Key Companies, Shougang Corporation (Shougang) 35
8.3.1 Shougang Corporation (Shougang), Overview 35
8.3.2 Shougang Corporation (Shougang), Business Description 35
8.3.3 Shougang Corporation (Shougang), Major Iron Ore Projects 36
8.4 China Iron Ore Mining Industry - Key Companies, Taiyuan Iron & Steel (Group) Company Limited (TISCO) 36
8.4.1 Taiyuan Iron & Steel (Group) Company Limited (TISCO), Overview 36
8.4.2 Taiyuan Iron & Steel (Group) Company Limited (TISCO), Business Description 36
8.4.3 Taiyuan Iron & Steel (Group) Company Limited (TISCO), Major Iron Ore Projects 37
8.5 China Iron Ore Mining Industry - Key Companies, China Minmetals Corporation (Minmetals) 38
8.5.1 China Minmetals Corporation (Minmetals), Overview 38
8.5.2 China Minmetals Corporation (Minmetals), Business Description 38
8.5.3 China Minmetals Corporation (Minmetals), Major Iron Ore Projects 40
9 Appendix 41
9.1 Abbreviations 41
9.2 GlobalData's Methodology 41
9.2.1 Coverage 41
9.2.2 Secondary research 41
9.2.3 Primary Research 42
9.2.4 Expert Panel Validation 42
9.3 Contact Us 43
9.4 Disclaimer 43
List of Tables
Table 1: Iron Ore Mining Industry, China, Total Production (Mt), 2000–2020 13
Table 2: Iron Ore Mining Industry, China, Total Reserves (Mt), 2000–2020 15
Table 3: Iron Ore Mining Industry, China, Total Consumption (Mt), 2000–2020 17
Table 4: Iron Ore Mining Industry, China, Exports / Imports (Mt), 2000–2020 19
Table 5: Iron Ore Mining Industry, China, Imports from Region and Countries of Origin (Mt), 2010 21
Table 6: Iron Ore Mining Industry, China, Top Active Projects 22
Table 7: Iron Ore Mining Industry, China, Major Planned Projects 23
Table 8: Iron Ore Mining Industry, China, Land Use Tax Rates (In CNY and $), 2011 27
Table 9: Iron Ore Mining Industry, China, Stamp Tax, 2011 29
Table 10: Iron Ore Mining Industry, China, Years of Depreciation, 2011 30
Table 11: Iron Ore Mining Industry, China, Anshan Iron and Steel Group Corporation, Major Iron Ore Projects 33
Table 12: Iron Ore Mining Industry, China, Wuhan Iron and Steel Corporation, Major Iron Ore Projects 35
Table 13: Iron Ore Mining Industry, China, Shougang Corporation, Major Iron Ore Projects 36
Table 14: Iron Ore Mining Industry, China, Taiyuan Iron & Steel (Group) Company Limited, Major Iron Ore Projects 37
Table 15: Iron Ore Mining Industry, China, China Minmetals Corporation, Major Iron Ore Projects Projects 40
List of Figures
Figure 1: Iron Ore Mining Industry, China, Total Production and Consumption (Mt), 2000–2020 6
Figure 2: Iron Ore Mining Industry, China, Total Production (Mt), 2000–2020 12
Figure 3: Iron Ore Mining Industry, China, Total Reserves (Mt), 2000–2010 14
Figure 4: Iron Ore Mining Industry, China, Total Consumption (Mt), 2000–2020 16
Figure 5: Iron Ore Mining Industry, China, Total Imports (Mt), 2000–2020 18
Figure 6: Iron Ore Mining Industry, China, Imports from Countries* of Origin (%), 2010 20