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BiotechValues

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BiotechValues

Re: viking86 post# 44

Monday, 09/07/2009 5:46:30 PM

Monday, September 07, 2009 5:46:30 PM

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"The very reason these mines are consolidated is b/c they are doing less than 300k."

That isn't accurate. The mine consolidation in Shanxi has more to do with the government wanting less ownership contacts in the minimg industry for easier management/enforcement of new safety regulations.
Most mines in Shanxi are undergoing this consolidation process- not just small ones.

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

Warren Buffett

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