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China is a global powerhouse in the minerals and mining industry, leading the world in the production of over 20 metals like aluminum, rare earths, and iron. The market size is vast, with production expected to reach 4,737.0 billion kg in 2023, growing at a steady rate of 5.65%.
The Chinese government plays a significant role in the minerals and mining sector through government procurement. This represents a trillion-yuan market, driven by the need for intelligent equipment, infrastructure, and integrated platforms for efficient mining operations.
The government mainly procures coal mine stock processing equipment, intelligent mining systems, exploration services, and safety and environmental protection solutions. These are crucial for increasing production, reducing costs, and promoting sustainable practices in the industry.
Several key authorities oversee minerals and mining procurement in China, including the Ministry of Industry and Information Technology, the Ministry of Natural Resources, and the National Development and Reform Commission. They establish regulations, set standards, and guide the sector's development.
Leading companies like China Coal Group, Zijin Mining Group, and China Minmetals Corporation are consistently awarded lucrative government procurement contracts. They possess strong technical expertise, proven track records, and strategic partnerships, making them preferred suppliers for the government.
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