This report analyses the impact of coronavirus on China's iron ore mining industry, with details of reserves, production, consumption trends and forecasts, the competitive landscape and listing of the major active, exploration and development projects. The report also explains the impact of COVID-19 on China's iron ore demand and trade.China's iron ore production is the fifth-largest globally and is forecast to decline by 2% in 2020 to 114.2Mt due to the impact of COVID-19. Between January and February, the operating rates at private iron ore mines declined from 34.9% to 29.6% and overall China's iron ore production declined by 4.6% year-on year. During the first quarter of 2020 several mines and plants had to temporarily cease production activities, deliveries and shipments were either delayed or rescheduled, and there was a shortage of workers, who could not return to mine sites owing to the prolonged Lunar New Year holidays followed by transportation issues due to lockdown.As a result of the slowdown in domestic production, iron ore imports grew by 1.5% year-on-year in January and February 2020 to reach 176.8Mt. However, purchases accumulated at ports due to transportation challenges owing to the lockdown and by 7 February inventory at ports had reached a three-month high of 131.1Mt. Looking ahead, production is expected to post a forecast period (2020-2024) CAGR of 1.0%, to reach 118.8Mt in 2024. Growth will be relatively flat due to the elimination of inefficient steel capacity, as part of the three-year Blue Sky environmental initiative, which runs through 2020.Key report benefits:
Key Topics Covered: 1 Table of Contents1.1 List of Tables1.2 List of Figures2 Executive Summary3 China Iron Ore Mining- Reserves, Production, Consumption and Imports3.1 Reserves by Geographical Region and Grade3.2 Historical and Forecast Iron Ore Production3.2.1 Iron ore prices3.4 Active Mines3.5 Exploration Projects3.6 Development Projects3.7 Demand and Imports3.7.1 Iron ore consumption vs. steel production3.7.2 Demand from China's construction industry3.7.3 China's iron ore imports4 Major Iron Ore Producers in China4.1 Mines and Projects by Company4.2 Mines and Projects by Stage and Province4.3 Major Producers4.3.1 Anshan Iron and Steel Group Corporation4.3.2 HBIS Group Co. Ltd4.3.3 Aowei Holding Ltd5 Fiscal Regime5.1 Governing Bodies5.1.1 State council5.2 Laws, Regulations, Rights, and Obligations5.2.1 Mineral Resources Law5.2.2 Mining license5.2.3 Regulations on administration of geological data5.2.4 Coal Law5.2.5 Law on Safety in Mines5.2.6 Environmental Protection Law5.2.7 Energy Conservation Law5.2.8 Foreign Investment Law (FIL)5.2.9 Exploration and mining rights5.2.10 Obligations5.3 Taxes and Payments5.3.1 Resource Tax5.3.2 Environmental Protection Tax5.3.3 Consumption Tax5.3.4 Value-Added Tax (VAT)5.3.5 Land Appreciation Tax5.3.6 Corporate Income Tax5.3.7 Commodity Export Tax5.3.8 Withholding Tax5.3.9 Export Tax Rebate5.3.10 Deed Tax (DT)5.3.11 Stamp Tax6 AppendixCompanies Mentioned
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