Interesting article---China invested in 284 mining

Interesting article---China invested in 284 mining companies in 2011 alone not counting oil and gas!

I'm sure Bao would've liked a JV or buyout etc esp when vice chair of Bao parent BOD visited CWRN ca Nov 2011 but as we now know CWRN already had a JVA- though it had already come apart-and so perhaps CWRN was not free to engage those presumed offers

"It is currently still winter in China and the “construction season” starts in March – steel sales should rise rapidly from then on, as a strong season is expected, and this should help iron-ore prices. For 2013 as a whole, the Baltic and International Maritime Council (the largest shipowners association in the world) foresees increased steel demand in China, for machinery as well as infrastructure and housing, requiring the country to increase its iron-ore imports. These are expected to grow by 7.5% this year. The Council also believes that the proportion of domestic-mined iron ore in the Chinese steel industry’s inputs has declined since early 2008."

this last line seems to be confirmed by the lowering % of iron in Chinas domestic ore- A 2010 agmetalminer article put it at 20% and last article re this said 15% and falling-some Chinese producers are as low as 4%