All this is good news for the mining industry.

It hatched plans to build itself into a big, diversified mining company only in 2001.

Oil or mineral wealth mostly reduces the population's standard of living because it diverts effort and talent from wealth creation to rent-seeking.

Therefore, together I believe we can collaborate in the area of mining to ensure that your investments in Africa are smart and a win-win for all.

Some mining companies have set up research teams in China, with an emphasis on building market intelligence.