有色金属企业开展国际化经营不仅是实现矿产资源全球优化配置的重要途径，也是企业实现其自身可持续发展的重要战略选择。本文从国际化资源获取类型、国际化投资区位变迁、国际化经营创新、国际化程度4 个方面对我国有色金属企业国际化的发展现状进行评价，明确其与国际大型矿业公司的差距，并在此基础上探析了我国有色金属企业在国际化发展方面面临的4 个关键问题：国际化动机单一，资源保障与企业发展未能有机融合；风险管控能力不强，海外矿业开发的决策力和执行力有待提高；缺乏战略协同合作，协同优势难以发挥；双重责任约束与激励不平衡，国有资产治理机制应适度包容失败。

Internationalization of nonferrous metals enterprises is an important way to optimize resources allocation in a world scale, as well as a strategic decision to realize their own sustainable development. This paper has analyzed the development status of internationalization of Chinese nonferrous metals enterprises from four following perspectives: types of international resources acquisition, evolution of international investment location, innovation of international operation and degree of internationalization. In doing so, it aims to identify development gap between Chinese nonferrous metals enterprises and large foreign ones. The paper has therefore raised four key issues for attention: 1) a single motive of internationalization has caused disintegration of national resource security and enterprises growth; 2) weak risk management capacity calls for improvement in decision-making and implementation capability for overseas mining projects; 3) lacking of strategic coordination among enterprises leads to difficulties in gaining from collaboration.4) due to imbalance in dual obligations’ constrain and motivation, it is desirable to tolerate failures of overseas mining projects at a certain level for the governance of national assets.

1975年出生，女，福建三明市人，博士，副教授，主要从事矿业经济与管理、矿业金融的研究工作