Mr. Li: We are a natural resource company, which focuses on energy and resources, merger and acquisition business. Regarding the category, we have iron ore, zinc and also coal. So we have these three types of natural resources.
TWST: Everything in China is growing quickly. In which areas of the business do you foresee the greatest opportunities, and how will you prepare to take advantage of those growth opportunities?
Mr. Li: What I think is in our industry areas - among zinc, iron, and coal - coal will be the greatest opportunity to us. Due to the rapid growth of China's economy, the energy consumption is at great numbers. Seventy percent of the energy consumption is from coal, so coal is definitely the most important energy resource in China. As per the statistics provided by research institutes, every 1% growth of GDP needs 2% to 3% growth of coal to support. According to that, we think coal provides a great opportunity for a company like us to grow. In the meantime, iron ore is also important to China. Due to the fact that iron ore quality in China is relatively low, and in the international markets, the iron ore resources are under the control of the three largest iron ore companies, we don't really have a good opportunity in this area. So we entered the coal business two years ago. Don't forget that China is the main producer and consumer of coal in the world. During these two years of preparation, we have established our own professional management team and technology. So we are ready and are expecting achievements in the coming two years.
Tickers included in this excerpt: CHNR
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