DATE: Thursday 25th January 2001, 5.30pm for 6pm
VENUE: Rugby Club, Crane Place, Circular Quay
SPEAKER: Kit Lee
TOPIC:”An Overview of the Status and Potential of the Exploration and Mining Industry in China and the Understanding of ‘How Things Work in China’ by an Old China Hand.”
Kit’s talk will cover a wide range of topics:
Overview of the status and potential of the exploration and mining industry in China.
Exploration and Mining Regulations
Historical Background, Current Status, Implementations and Procedures Commercial Laws, Taxation, Foreign Exchange Controls, Labor Laws, etc.
Political System and Regulatory Bodies
How business is done in China
The “dangers” of doing business in China
The “attractions” of doing business in China
The Future for foreign participation in the exploration and mining in China
Kit Lee until recently was the President of Zen International Resources Ltd., , one of the pioneering companies operating in China. Kit is a Malaysian-born Chinese, educated in Canada as a geologist and has worldwide experience. He worked for Placer Dome Inc for 17 years and was part of the team that resulted in the success of Placer Pacific Ltd. He later joined Niugini Mining Ltd. He led the team that discovered the Loei gold belt in Thailand. He formed a private company, Zen in 1994 to operate in China. Zen was listed in the Vancouver Stock Exchange in 1996. Zen was the first foreign company to obtain all necessary governmental approvals for a Sino-Foreign joint venture in China.
Kit has worked in Canada, Australia, Papua New Guinea, New Zealand, Asia, and South America in exploration and mining. He has advised Governmental Agencies of Malaysia, Thailand and India in developing their country’s mineral policies and regulations. Kit first visited China in 1987 and since 1993 has advised different governmental agencies in formulating China’s regulations and procedures.
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