Obtaining a Right to Mine in the PRC: Impediments and Opportunities
July 02, 2003 | BY
clpstaff &clp articlesThe government hopes that changes to China's mining laws and regulations will encourage greater foreign exploration and exploitation of mineral projects. Are foreign mining companies ready to enter China? And what is holding them back?
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By Marcia Ward and Campbell Izzard, Allens Arthur Robinson, Shanghai
China is one of the world's largest mineral producers, but the sector attracts very little overseas investment. There is a perception held by foreign investors and capital markets that China continues to be a challenging and high-risk environment. This perception continues even though the Ministry of Land and Natural Resources (MOLAR) has introduced laws and regulations to reduce barriers to foreign investment, which has led to an improved regulatory environment. Many people think that even though the laws may be improved, they remain untested