China is eager to exploit its resources, lower its pollution standards and reduce the number of mine fatalities. However, technology is what will move China into major superpower status before 2050. CUCBM was granted favorable policies,?not often awarded when dealing with foreign investors. Such include tax reduction, duty exemption and independence in investment and the same for their import and export decisions. In other words, free market pricing. China needs energy and will move mountains to get it. China is also developing its relationship with Canada. After the United States, China is Canadas largest trading partner. In late January 2005, the largest ever trade mission led by a trade minister took place in Shanghai, Beijing and Hong Kong between Canadian and Chinese companies with over 370 Canadian delegates from 279 companies participating. More than 100 agreements were signed between those countries?leading companies. China is hungry for Canadian technology while Canada is eager to strengthen its ties with the worlds next major superpower.

Dr. Marchioni, who is also a director of Pacific Asia China Energy (PACE), strongly endorsed his companys relationship with CUCBM, They are your partners so it is to their benefit to make sure that things happen. They assist us in negotiating with the provincial coal bureaus.?But PACE is carrying the project through the initial exploration. What does CUCBM bring to the table for their share? Marchioni shot back, We have access to quite an abundance of coal exploration data before we even start drilling. That was provided by the regional coal group. CUCMB aided and assisted in that negotiation. Wheres the government interference one might expect? Its that committees job to get the project done,?Marchioni explained. Its one of the benefits in having CUCBM as a partner because they have a vested interest in it. These people are bureaucrats within the organization within the govt. The success of our project would shine very nicely upon them, because they are part of the committee and part of the operation.?/p>

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