Outbound mining projects on the rise

Increasing demand, market realities pushing Chinese companies abroad

China's outbound investment in mining assets rose 83 percent to $24.8 billion last year on the back of the nation's growing appetite for commodities, industry experts said on Monday.

Ban Yongzhi, an official with the foreign investment and cooperation department of the Ministry of Commerce, said China's outbound investment in the mining sector reached $106 billion by the end of 2013 and accounted for 16 percent of China's overall outbound investment.