Chinese Projects

Minarco-MineConsult has had involvement in the Chinese mining industry since 2002. Our focus has been on providing expert advice and technical services to the Asia Pacific region. We have carried out many assignments either in China or for Chinese companies and have developed a strong and rapidly growing China-related business. Our Beijing office was established in August 2005.

We continue to understand and work within the Chinese regulatory system, and provide services that meet the standards expected and required by western companies.

Because we need to have strong ties with state and provincial governments in China, we have used the expertise of local companies; in May 2004, we formed an alliance with the HLM Group.

Our relationship with the HLM Group provides us access to China's elite:

  • Geologists - through China Geology University
  • Engineers - through China Institute of Engineers
  • Accountants - through numerous qualified Chinese accounting groups
  • Lawyers - through numerous Chinese legal groups
  • Asset Verification - through the Headman Group
  • Translators - technical and commercial written and verbal translation through the HLM Group
  • Liaison - corporate and government liaison through the HLM Group

Work completed

Work completed in China or for our Chinese clients since 2002 has included assignments in the top three of the 'Five Tiers of Service', including:

Service Tier Examples
Tier 1: Corporate
  • Corporate advice to several Chinese coal producers including Shenhua, China National Coal Group, and Yanzhou Coal Mining Company.
  • Corporate advice to several western and Asian clients on potential resource project acquisitions in China.
  • Corporate advice about Australian acquisitions to two of China's largest SOEs.
Tier 2: Financing Support
  • Finance work including many due diligence studies on more than 100 mines in seven provinces for non-Chinese investors. These studies have been carried out to western standards.
  • Engagement by the Heilongjiang Coal Group (Longmay) and Luoyang Luanchuan Molybdenum Group to act as Independent Technical Expert for their planned listings on the Hong Kong Stock Exchange.
  • Advised Yankuang/Yanzhou on Yanzhou's acquisition of the Austar Mine in 2004 through its Australian subsidiary Yancoal. For this assignment, we coordinated the advisory and due diligence teams including accounting and legal teams, and project-managed the initial stages of implementation after the acquisition.

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