Caixin Summit: Chinese Miners Must Look Beyond Overseas Acquisitions, Zijin Executive Says

Chinese mining companies expanding overseas must look beyond securing resources to sustaining operations, a Zijin Mining Group Co. Ltd. executive said Friday, as community opposition and growing political pressures complicate overseas investments.

Liu Xiaokang, assistant director of Zijin’s environmental, social and governance office, told the 17th Caixin Summit that community consent had become a hard constraint on mining operations. Rising resource nationalism and geopolitical pressure on supply chains are shifting Chinese miners’ focus from acquiring overseas assets to keeping them operating, he said.