Changes to Management System of China’s Nonferrous Metal Industry (1949-1999)
China’s non-ferrous metal industry has undergone a transition from a traditional planned economy to a modern market economy. During this process, the first thing that occurred was the reform of the management system, changing the highly concentrated resource allocation from plan-led to market-led. Practices before and after reform were compared to understand the effects of the two different management systems on economic development.
The World’s Largest Copper Producer Cancels $1 Billion Contract- Why?
In November, Codelco, the world’s largest copper producer, signed a $1 billion contract with a consortium led by Japan Marubeni Corporation to build and operate a desalination plant for the Chuquicamata, Mina Radomiro Tomic, and Mina Ministro Hales sites in northern Chile. On Friday, however, Codelco announced the cancellation of the contract.
The World’s Third Largest Gold Producer Restarts 30 Million Ounce Gold Project
South Africa’s AngloGold Ashanti, the world’s third-largest gold producer, restarted mining activities after a five-year suspension at its Oubasi mine site in Ghana.
