Modernization of mining key to sustainable future

A modernized development path for the mining industry to improve its social, environmental, and economic benefits and to promote greater cooperation is outlined to ensure a sustainable growth across the Asia-Pacific region at the 5th APEC Meeting of Ministers Responsible for Mining in Beijing.

Ministers and representatives from 18 Asia-Pacific Economic Cooperation economies, the APEC Secretariat, APEC Business Advisory Council and related authorities of China attended the meeting.

Wang Yong, a State councilor of China and Chairman of the State-owned Assetd Supervision and Administration Commission, gave the opening speech, in which he outlined the role mining plays in fueling socio-economic development in the region. He said the current slowdown within the sector, due to the sluggish global economy, was only temporary and that emerging consumption trends made closer cooperation essential.