Ministry of Land and Resources: Mineral Distribution Pattern Changing in China
Source: Portals of Ministry of Land and Resources Citation: Portals of Central Government Date: February 13, 2012
Report from Xinhua News Agency on February 12 (Reporter Wang Libin) The correspondent learns from the National Geological Survey Working Conference 2012 which concluded on the twelfth that as China invests more in the non-profit geological prospecting, a series of world-level mining bases have been successively found in the western region, bringing the complete changes in the distribution pattern of the most mineral resources in China. Wang Min, Deputy Minister of the Ministry of Land and Resources and Director of China Geological Survey, said that through the effort of the central and regional governments, China has now established a geological prospecting system platform with diversified investment, multilateral cooperation, orderly coordination and efficient implementation. The mutual advantages are complemented in fund, technology, talent and management, achieving the large-scale investment and great breakthrough. In 2011, the national investment in the geological prospecting exceeds RMB 120 billion, among which the investment in the solid mineral prospecting is more than RMB 50 billion, up by 30% year on year. The central financial investment encourages ten times more regional and social investment, greatly promoting the commercial geological prospecting. Wang Min said that in Huayuan County, Hunan Province, the newly increased resources in the Phoenix Zinc-lead mine have reached three million tons so that the total resources are expected to exceed 20 million tons, making the mine enter the world level rank. Tibet is rich in large copper and gold mineral in Dobuza and Bolong, with estimated copper resources of 5,770,000 tons and gold of 260 tons. The newly increased iron ore resources of Xingjiang’s Awulale Iron-steel mine reach 260 million tons, with the total of 1.08 billion tons. And Molahe and Qikerke iron mine in Tashkurghan, West Kunlun, are explored and estimated to have the resources of 800 million tons. Besides, two large iron and molybdenum minerals and four large copper and molybdenum minerals are prospected in Qimantage, Qinghai, with iron reserves of 480 million tons and copper and zinc reserves of 4.2 million tons. The prospected gold resources in Gansu Daqiao Gold Mine reach 70 tons. Over the recent years, the non-profit geological work drives the survey of the mineral resources in the western area. So it is expected that a bulk of large iron mine bases, copper ore and zinc and lead base with tens of millions of tons, gold ore bases with tens of millions of tons, and bauxite ore base with hundreds of millions of tons will come into existence, which will gradually changes the distribution pattern of the key mineral resources in China.
China Mining Congress and Expo 2011 attracted over 5000 delegates, exhibitors and visitors from 55 countries and regions, increasing by over 650 people as compared to the last session. There were 382 domestic and foreign exhibitors, increasing by 38% as compared to the last year. The exhibition area amounted to 25000 square meters, more than doubling that of the previous session, with 1,050 standard booths, increasing by 65% compared to the previous session. There were a total of 23 forums and 7 projects shows held with 425 promotion and negotiation projects introduced by the congress, increasing by 32.8% as compared to last year. At the project signing ceremony, 55 projects were signed, amounting to RMB15.7 billion, increasing by RMB 4 billion and by 34% as compared to the previous year. More than 40 foreign VIPs including 23 mining ministers and vice ministers as well as ambassadors in China from 18 countries and regions such as Australia, Canada, South Africa, Angola, etc. attended this session of the congress. Meanwhile, the congress attracted more than 100 medias and over 200 journalists from home and abroad to cover the congress. In terms of number of delegates and scale of exhibitors and booths, the CM2011 all topped the previous sessions, ranking the world’s premier mining congress and expo..
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