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COPYRIGHT 2002 Asia Pulse Pty Ltd
Business in Asia on October 31, 2002. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CHINA TO SELL MINING RIGHTS TO FOREIGN INVESTORS
BEIJING - The Chinese government has approved the establishment of China Mining Lianfa Auction Company, the first state-level company to give foreign investors access to the mining rights to the country's abundant mineral resources. Foreign investors will be able to bid for the mining rights through their branch companies registered in China or joint ventures, said Wang Yanguo, president of the auction company. In the past, the Chinese government awarded most of the mining rights for free to designated domestic mining companies, and it was very difficult for foreign investors to gain those rights.
VIETNAM COFFEE EXPORTS HIT SEVEN-YEAR LOW
HANOI - Vietnam's coffee exports have nose-dived to their lowest level in seven years after four consecutive seasons of falling world prices, the Vietnam Coffee and Cocoa Association (Vicofa) said in a review of 2001-02 crops. During the last coffee harvest, which ended in September, the country exported...
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