Release of China Mineral Resources Report (2015)
Released recently by the Ministry of Land and Resources of PRC, China Mineral Resources Report (2015) revealed that in 2014, China had made efforts in the following work: further finding out its current situation, strengthening the resources saving and comprehensive resources utilization, perfecting the administrative policies of mineral resources, and improving the service level of geological work. With all these efforts, China achieved many “the first times” and “the No.1”.
Last year, China invested 114.5 billion yuan in its geological exploration with 249 large-medium ore fields are newly found. Great breakthrough has been made by China in oil and gas exploration with the geological reserves of shale gas proved to be 106.8 billion cubic meters for the first time, the newly added petroleum reserves proved to reach 1.06 billion tons and natural gas reserves amounted to 943.8 billion cubic meters. The potentiality assessment of 25 major mineral resources showed that the average identification rate of mineral resources was 30.3% with a huge potentiality of ore prospecting. It was calculated that 2000 meters under the ground contains the coal reserves of 3,880 billion tons and the related identification rate was 29.6%. As for other ore reserves, the prospective iron ore reserves reach 196 billion tons with an identification rate of 33.1%, the prospective copper ore reserves reached 0.304 billion tons with an identification rate of 29.5%, and the prospective aluminum ore reserves reached 17.97 billion tons with an identification rate of 20.3%.
The resources saving and comprehensive resources utilization was further strengthened. China formulated and released the evaluation index standard of comprehensive utilization of mineral resources. The extract recovery rates, concentration recovery and evaluation index of comprehensive utilization of 20 minerals were publicized three years in a row. 159 advanced and applicable technologies were selected to be promoted three years in a row and 661 mining companies were selected in 4 batches to be the national green mining pilot units.
The administrative policies of mineral resources were further perfected. China recommended the administrative laws and regulations for registering the mineral exploration blocks, mining registration and the administration of transferring the exploration and mining rights. China also released its geological environment monitoring administration methods and administrative penalty methods of land and resources, and canceled 23 administrative procedures for examination and approval related to mineral resources. Meanwhile, China cut the compensation fee rate for coal, oil and gases to zero and the coal tax rate will be fixed and the relevant taxes will be levied according to the coal price.
The service level of geological work was further improved. At the end of 2014, the areas of 1:50,000 surveyed regions and 1:250,000 revised regions occupy 31.7% and 61.7% of the national land areas respectively. China also achieved the comprehensive geological survey for 1∶1,000,000 regions of China’s jurisdiction sea areas. Last year, more than 170 combined exploration and production hydrological wells were constructed, which solved the problems of 300,000 people who had difficulty in drinking water. The access amount of national geological data-sharing service platform reached 620,000 times a year and the national and the provincial geological data-sharing service institutions offered the related services to the public for 130,000 times.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2015 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20th-23rd, 2015. We invite you to join the event and to celebrate the 17th anniversary of CHINA MINING with us. For more information about CHINA MINING 2015, please visit: www.chinaminingtj.org.
