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Spring will come soon when we tide over and grasp opportunity  

2009-02-22 16:23:27|  分类: 部分翻译作品回顾 |  标签: |举报 |字号 订阅

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“Crisis is danger plus opportunity. If only we tide over and grasp the opportunity well, then spring will come soon!” “On the part of medium and long term, new economic environment will do good for Chinese mining combination and the healthy development of these enterprises.” This morning, the chairman of the board, Chen Jinghe expressed such opinions when he delivered a speech in the 2008 China International Congress keynote forum.

As one of the high-level spoke men of the large-scale mining companies appointed by the conference, the chairman of the board of the group company, Chen Jinghe gave a speech with the subject of Coping with Mining Winter calmly and probe development chances actively” In his speech, Mr. Chen gave a detailed analysis for the current rigorous situation brought by financial crisis and expounded the new challenges encountered by Chinese mining enterprises. He pointed out that the most major problems Chinese mining enterprises facing were atrophic demand for minerals.

 

As for “What Chinese mining enterprises should do in wintry” in his analysis, Mr. Chen used a visual analogy: living creature’s hibernation. For living creature, they will hibernate when winter came. We should “watching more and doing less” and looked for opportunities. For enterprise, surviving is the first important thing and at this base, we developed. So, maintaining due cash flow was the most important thing. Mr. Chen said that at a new economic circumstance, basic metals would return to reasonable prices but gold price would vibrate in a high position. In a short-term, it was a challenge for enterprises but in a medium and long term, it was good for Chinese mining combination and the healthy development of these enterprises.

Mr. Chen pointed out that at present, many raw materials prices were declined and it was a good chance for managers. In “wintry, It was important to handle internal management well and controlled costs well when we saw a much more production cost in most of enterprises When crisis came, it was the best occasion to merger mining at the same time. Currently, all stock prices of listed companies and mine value went down. Some mines formerly valued $10 billion went down to $ 2 billion now, which provided good opportunity for capable companies to create a new development.

 

 

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