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Sunday, December 03, 2006 2:25:35 AM
This is all you need to read in order to see the magnitude of how big!!!
Date:
Saturday, December 02, 2006 11:12:41 PM
[View Source]
The global metals and mining industry has expanded 118% since the year 2001,
largely due to the rapid growth of the emerging economies in Asia-Pacific. In
2005, the global metals and mining industry generated total revenues of $1.3
trillion, with coal mining the second largest sector after steel.
The Market in China
China has approximately 300,000 working mines and the Chinese mining industry
grew by 26.7% in 2005, reaching a value of $352.1 billion. China has over 25,000
coal mines and produces 35% of the world's coal.
Such fast growth, however, has come at a steep price. Over 6,000 people died in
accidents last year, making the Chinese mining industry the world's deadliest.
Recently, government officials have pledged safety reforms. In August 2006, In
August 2006, the Chinese State Administration of Work Safety (SAWS) announced
that it will spend $60 billion on safety initiatives over the next five years.
Matt......60 billion in the next five years. IPKL'S Systems will be
equivalent to the mining industry, as Cisco routers are to the internet. The only difference
is, that you are in from the beginning if you so choose. Now just imagine,
these numbers are only China. Once the ball starts rolling, World Wide is not
far behind.. Talk with you more about it later.
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