Australia to levy 40% Super resource tax on Sea Mining layout Americas

A deepwater bulk port in Vancouver, Canada. Australia to levy 40% Super Resource tax China Resources Enterprise Vision to Canada and other land/map/table reporter Yang Weiling from the financial crisis during the sea to "copy Bottom", to now point to "lock energy risk, fight for the right to speak," from the beginning of the single geographical single species of investment, to now diversify investment, everywhere,　　Chinese companies are now lifting a new wave of sea-mining. In Friday, CIC announced that it would invest 435 million Canadian dollars through a wholly owned subsidiary to the Canadian Bank of the West, and that the two sides would establish joint ventures to jointly develop the former oil sands assets in Canada. Just a week earlier, Australia had just announced a 40% Super Resource tax on resource companies, an analysis that would spur some Chinese companies to invest in other areas.　　In fact, in the last year, Chinese companies are no longer confined to the sea to Australia, but in North America, Latin America, Africa, and more to the sea to find mines to lock energy risk, for international pricing power. The distribution of oil and iron ore resources in the Americas has unnerved Chinese companies over the reliance on a handful of global resource giants and resources in individual areas.　　Since 2009, Chinese enterprises have deliberately dispersed the geographical choice of overseas investment, and the investment varieties have been developed from iron ore to petroleum and nonferrous metals and other resource products. Canada's oil sands attract many Chinese companies. As early as last September, CIC spent 1.5 billion of billions of dollars on a 17.2% per cent stake in the Canadian firm.　　In the first half of this year, PetroChina and Sinopec respectively invested 1.7 billion U.S. dollars and 4.65 billion U.S. dollars in Canadian oil sands companies. In Latin America, in May, CNOOC and the Chinese group issued a bid for a 40% stake in Peregrino, Brazil's large offshore oil field.　　Just one months ago, CNOOC had just announced the acquisition of 50% per cent of Argentina's energy company. As the biggest buyer of iron ore in the international market, China lacks a corresponding say in pricing. To get out of trouble, Chinese companies are determined to invest in iron ore overseas. Last year, the Wuhan Iron and Steel Group made a strategic investment in the joint Thompson Iron Ore Company of Canada and became the latter's largest shareholder.　　In January this year, China Railway Supplies Corporation spent 152.6 million pounds to acquire 12.5% per cent of African mining companies for iron ore purchase rights.　　New goal: for international pricing right since the second half of 2009, with the price of international resources has risen sharply, Chinese enterprises a new round of the tide is more hope to win the price of international resource products rather than "copy bottom". In terms of external conditions, China took the lead in recovering from the financial crisis, allowing more countries to see China's strength and opening its doors to China's investment. Canada is one example. In the past few years, the Canadian government has not encouraged Chinese investors, but in the aftermath of the financial crisis, Canadian mining investment policy has quietly changed, Xu Baozhi, Professor of Earth and Environmental Science at the University of Waterloo in Canada, told reporters that Canada has long been an important AmericanResources "Backyard", after the financial crisis, Canada's mineral supply has much more than the U.S. demand, must find a new way out. Canada has increased the percentage of foreign investors in recent years and has offered a lower corporate tax.　　According to the Canada Quebec Investment Bureau, the 2010 federal and provincial tax total tax rate is 29.9%. Responding to new challenges experts said that the sea investment must have investment entities, through the return on investment, hedge the international market resource prices fluctuations caused by the risk, but also to establish long-term contracts, to avoid price fluctuations, locking the risk. Wang Xiaozi, director of the SASAC Planning and Development Bureau, said earlier that to cultivate large mining companies and truly achieve the goal of pricing power, we should strengthen the combination of industry and finance, relying on the strength of enterprises alone, not enough in the international market to obtain pricing power.