main menu

Related News

China’s gold production reached 428 tons in 2013, ranking world first for seven consecutive years

Source: www.mlr.gov.cn   Citation: www.chinamining.com.cn   Date: Feb. 11, 2014

The latest statistics from China Gold Association show that in 2013, China`s gold production reached 428.163 tons, 6.23% up from a year earlier, hitting a record high and ranking world first for seven consecutive years. Then again, China’s gold consumption exceeded 1000 tons in 2013 for the first time. 

The gold production of ten key gold producing provinces (areas), namely Shandong, Henan, Jiangxi, Inner Mongolia, Yunnan, Hunan, Gansu, Fujian, Hubei, Xinjiang accounted for 82.94% of the total in China. Ten key gold enterprises in China are China National Gold Group Corporation, Shandong Gold Group Co., Ltd., ZIJIN MINING GROUP CO., LTD., Shandong Zhaojin Group Company Limited, Hunan Gold Group Co., Ltd., Eldorado Gold Corporation (China), Yunnan Gold Mining Group Co., Ltd, Shandong Zhongkuang Group Co., Ltd., Lingbao Gold Company Ltd. and Lingbao Jinyuan Mining Company Limited, the gold production of which accounted for 45.65% of the national total amount. 

In 2013, gold transaction volume in Shanghai Gold exchange reached 11614.452 tons with a turnover of 3.2133844 trillion Yuan. The Shanghai Futures Exchange completed 40.17565 million gold future contracts with a turnover of 10.709062 trillion Yuan. 

In addition, according to the latest statistics from China Gold Association, in 2013, China’s gold consumption exceeded 1000 tons to 1176.40 tons for the first time, up by 41.36% from a year earlier. Among them: gold for jewelry was consumed 716.50 tons, up by 42.52% year on year; gold for gold bars 375.73 tons, up by 56.57%; gold for gold coins 25.03 tons, down by 1.07%; gold for industry 48.74 tons, 0.23% down; gold for other purposes 10.40 tons, down by 32.03%. (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

State Statistics Bureau: three industries going through negative growth

Source: www.mlr.gov.cn   Citation: www.chinamining.com.cn   Date: Feb. 7, 2014

In accordance with the profits of national industrial enterprises above designated size released by the National Bureau of Statistics (NBS) on January 28, 2013, most enterprises maintained a stable growth, but coal, oil and gas and non-ferrous metal industry presented significantly negative growth. Above all, the coal industry, influenced by structural surplus, suffered sharp profit decrease. 

Last year, coal mining and washing industry profits were 120.23 billion Yuan less than the year before, rising by -33.7%; Oil and gas industry profits fell by 42.96 billion Yuan, rising by -10.5%; Non-ferrous metal mining rose by -17.2%. 

Since the second half of 2012, coal prices have been falling unceasingly. Until September 2013, in circum-Bohai-sea region, the price index of 5500-kilocalorie steam coal has dropped by about 100 Yuan/ton to 530 Yuan/ton compared to the same period last year. After October, although there was a wave of price rising for several weeks, prices fell again soon, as there was no apparent reversal in supply and demand,. 

According to Jiang Zhimin, vice president and spokesman of China National Coal Association, in 2013, the national coal market continued the trend of loose gross and structural surplus and the situation would not change fundamentally in 2014. 

HePing, from NBS industrial department, said the national industrial enterprises above designated size kept a fast growing momentum last year. In light of relevant analysis, the profits of central enterprises, especially large monopolistic enterprises, grew rather fast while local state-owned enterprises in competitive field profited less. (Translated by TLRHVC) 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on  October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Oil and Gas Exploration Rights of 14 Blocks Transferred Through Competition

Source: www.mlr.gov.cn   Citation: www.gov.cn/ www.xinhuanet.com   Date: Feb. 1, 2014

As an important probe into China’s oil and gas exploration registration management system reform, the Ministry of Land and Resources recently completed competitive transfer of exploration rights for three basins, 14 blocks in aggregate.

The Ministry of Land and Resources completed competitive transfer of oil and gas exploration rights for Yine, South Yellow Sea and Tarim basin in 2013, 14 blocks in all, covering 67935.5 square kilometers. The geological exploration department of Ministry of Land and Resources claimed a total of 17 oil and gas exploration blocks were transferred through competition, with a total area of 79685 square kilometers. The blocks consisted of two parts, of which some were registered by oil companies that did not meet the minimum input standard required by law and retrieved by the Ministry of Land and Resources in accordance with related laws to reselect favorable areas for transfer; the rest were areas with certain exploration prospects based on commonweal oil and gas geology evaluation.

According to relevant information, this competitive transfer is another important probe into China`s oil and gas exploration rights registration and management system reform, urging enterprises to increase exploration input by introducing competition mechanism under the circumstance of conventional oil and gas monopoly. Four companies, Petrochina, Sinopec, CNOOC, Yanchang and Oilfield participated in the exploration right competition. The expert panel scored each exploration plan submitted by the oil companies to determine the exploration right possessor of each block. The oil and gas exploration right competition transfer team, Ministry of Land and Resources published the results. Eventually, Petrochina gained 1 block, Sinopec 4 blocks, CNOOC 6 blocks, Yanchang Oilfield 3 blocks. Two blocks were left in default of competing companies and one was repealed as the exploration plans submitted by the companies could not meet the statutory minimum exploration input standard. (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

As an important probe into China’s oil and gas exploration registration management system reform, the Ministry of Land and Resources recently completed competitive transfer of exploration rights for three basins, 14 blocks in aggregate.

 

The Ministry of Land and Resources completed competitive transfer of oil and gas exploration rights for Yine, South Yellow Sea and Tarim basin in 2013, 14 blocks in all, covering 67935.5 square kilometers. The geological exploration department of Ministry of Land and Resources claimed a total of 17 oil and gas exploration blocks were transferred through competition, with a total area of 79685 square kilometers. The blocks consisted of two parts, of which some were registered by oil companies that did not meet the minimum input standard required by law and retrieved by the Ministry of Land and Resources in accordance with related laws to reselect favorable areas for transfer; the rest were areas with certain exploration prospects based on commonweal oil and gas geology evaluation.

 

According to relevant information, this competitive transfer is another important probe into China`s oil and gas exploration rights registration and management system reform, urging enterprises to increase exploration input by introducing competition mechanism under the circumstance of conventional oil and gas monopoly. Four companies, Petrochina, Sinopec, CNOOC, Yanchang and Oilfield participated in the exploration right competition. The expert panel scored each exploration plan submitted by the oil companies to determine the exploration right possessor of each block. The oil and gas exploration right competition transfer team, Ministry of Land and Resources published the results. Eventually, Petrochina gained 1 block, Sinopec 4 blocks, CNOOC 6 blocks, Yanchang Oilfield 3 blocks. Two blocks were left in default of competing companies and one was repealed as the exploration plans submitted by the companies could not meet the statutory minimum exploration input standard. (Translated by TLRHVC)

 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China’s marine combustible ice investigation and exploration technical system formed

On January 14, the south China sea natural gas hydrates drilling project in Guangzhou has been accepted. According to academicians and experts in the assessment team Li Tingdong, Chen Yuchuan and Zhang Hongtao, after completing all the specified field tasks, the project also fulfilled a major breakthrough in gas hydrate development. By this time, China has developed a drilling and exploration technical system for marine gas hydrates, laying a solid technical foundation for massive marine gas hydrate resources evaluation and exploration.

It is reported that this technical system is in the leading position in the world, mainly consisting of investigation evaluation and exploration.

As to investigation evaluation techniques, mature hydrate investigation techniques have come into being. In view of hydrate metallogenic prospects and investigation in hydrate-related landform, sedimentary minerals, geochemistry and seism, a series of mature “geological, geophysical and geochemical” investigation techniques were formed which has become the main techniques in marine gas hydrate regular exploration and been efficiently applied in practice; independently-developed efficient hydrate exploration technology was applied and based on favorable hydrate metallogenic zones, independent researches on seismic identification by natural gas hydrate and other relevant technologies were carried out. The hydrate samples obtained through drilling fully proved the effectiveness of our exploration technology. Besides, a number of hydrate detecting techniques were developed. On the basis of hydrate ore body target prioritizing and hydrate ore body pattern and internal structure depiction, gas hydrate ore body 3D seism and high-frequency seabed seism detecting techniques were developed.

Exploration techniques include: drilling vessel dynamic positioning and drilling heave compensation technique, logging while drilling technique, pressure maintaining and coring technique and field testing technique. (Yu Defu and Chen Huiling) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Integrated exploration areas gaining importance in mineral prospecting breakthrough
135 orefields found in 78 integrated exploration areas

 

From the team of the national key mineral estimation project, reporters learned that the national integrated exploration areas in the light of the national mineral resources potential evaluation have become the most important base for mineral prospecting breakthrough. In 2012, a total of 135 orefields were discovered in 78 package exploration regions, including 33 large orefields and 52 medium ones. According to the experts on the above project, the prospecting breakthrough strategic headquarters took the key exploration areas designated in the national key mineral estimation project as the target regions, giving privilege to scarce and bulk pillar minerals including uranium, iron, copper, aluminum, lead, zinc and gold as well as dominant minerals antimony, rare earths, magnetite. In 2011, 47 national integrated exploration areas were designated, and the number increased to 87 in 2012. In line with the follow-up survey, in the 87 integrated exploration areas, 10.158 billion tons of iron ore, 6.382 million tons of copper, 612 tons of gold, 693 million tons of bauxite ore, 6.06 million tons of lead port, 1.15 million tons of aluminum and 1.3 million tons of chrome ore were prospected. Among them, 99 orefields, including 25 large and 35 in medium ones, were found in the first 47 integrated exploration areas. Given the increasing importance of integrated exploration areas in mineral prospecting breakthrough, in 2013, another 22 areas were added to the number. The 109 integrated exploration areas take up a total area of about 505.5 thousand square kilometers, covering 25 provinces, autonomous regions and municipalities in China, concentrating on scarce and bulk pillar minerals, as well as new material resources like manganese and tin. (Yu Defu) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Oil and gas production expected to double in 2030

On January 8, the Ministry of Land and Resources held the press conference of Xinjiang oil and gas resources evaluation, releasing national oil and gas resource dynamic evaluation results in 2012. The released figures show that it was feasible to construct trillion-ton-scale oil and gas production bases in Xinjiang. By 2030, the oil and gas production in China would double.

From 2012 to 2013, commissioned by the Ministry of Land and Resources, the Strategic Research Center of Oil & Gas organized the relevant departments to conduct the dynamic evaluation of Xinjiang oil and gas resources. According to the results, Xinjiang enjoyed 22.8 billion tons of petroleum resources, accounting for 22% of the total in China. Compared with the evaluation results in 2007, there was an increase of 7.7 billion tons. Gas resources in Xinjiang amounted to 17.5 trillion cubic meters, accounting for 28% of the country. Compared to the evaluation results in 2007, there was an increase of 7.6 trillion cubic meters. Coalbed Methane resource reached 9 trillion cubic meters and oil shale resources 6.1 billion tons. According to the preliminary evaluation in Junggar JiMuSaEr, a dense oil resource there was 7.5 billion tons.

In recent years, Xinjiang oil and gas exploration and development has entered the phase of rapid growth. From 2000 to 2012, average annual detected oil reserves were 220 million tons and gas reserves 120 billion cubic meters. Oil production increased by 50% from 18 million to 27 million tons and gas production rose from 3.5 billion to 25 billion cubic meters, 7 times that in the previous years. It is predicted that by 2030, the annual detectable oil reserves in Xinjiang would reach 250 million tons with an increase of 4.5 billion tons. Oil production has been rising steadily and can reach 40 million tons by 2030. Detected gas reserves will continue to maintain a high level, annual average attaining to 160 billion cubic meters of a total of nearly 3 trillion cubic meters. Gas production continues to grow and is expected to reach 70 billion cubic meters in 2030. In accordance with the present resources, trillion-ton-scale oil and gas production bases would be established in Xinjiang by 2030.

The evaluation results of Shengli exploration area in Bohai Bay Basin indicated that the petroleum resources attained 10.4 billion tons, increased by 25% from 8.3 billion tons in 2007.

The spokesman from Department of Mineral Resources Reserves, Ministry of Land and Resources, said at a news conference summary of oil and gas resources dynamic evaluation results in Xinjiang and Shengli exploration area could renew our understanding of oil and gas resource potential and

development tendency in our country. The national oil and gas resource potential is considerable and oil and gas production is expected to double by 2030, close to 700 million tons. About the resource potential, the national petroleum resources are likely to exceed one hundred billion tons to 103.7 billion tons, 36% up from 2007. Gas resources will reach 62 trillion cubic meters increasing by 77% from 2007. As to the development tendency, China`s oil production was 207 million tons in 2012, gas 107.2 billion cubic meters, their equivalent nearly 300 million tons. It is estimated that before 2030, oil production will grow steadily, total detectable reserves amounting to 22 billion tons. The annual output will be more than 200 million tons with a peak value of up to 250 million tons. Gas reserves and production will rise rapidly, total detectable reserves attaining to 12 trillion cubic meters. With an annual growth of 10 billion cubic meters, its output will increase to 300 billion cubic meters in 2030. If unconventional oil and gas production reach 50 million tons and 150 billion cubic meters respectively, the equivalent will approach 700 million tons in 2030.

The national oil and gas resources dynamic evaluation results also show that the oil and gas exploration and development in our country manifest three features. First, the oil and gas resource replacement in West China is in good condition. Oil and gas production is expected to exceed 400 million tons by 2030, able to replace the east. Second, gas will present a rapid development momentum, a “duopoly” of oil and gas will be formed around 2025. Third, the proportion of unconventional oil and gas such as shale gas, coal-bed methane, dense oil, will gradually increase to 1/3 of the total by 2030. (Yu Defu ) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Coal resources in China amount to 5.9 trillion tons

Led by China National Administration of Coal Geology, the project “National Coal Resources Potential Evaluation” (hereinafter referred to as “the project”) undertaken by the First Exploration Bureau of China National Administration of Coal Geology, China University of Mining &Technology, Beijing, and the Aerial Photogrammetry and Remote Sensing Bureau passed the review of China Geological Survey Bureau with an average score of 95.

The project was one of the national mineral resources potential evaluation projects listed by Ministry of Land and Resources, which was carried out from 2006 to 2013. In eight years, the project team has submitted 159 mining (coal field), provincial and national reports, 5175 maps and 1003 annexed tables. Among them, there were 1 general report for national mineral resources potential evaluation, 6 special reports, 202 annexed maps and 30 tables including geological map of China coalfields, structure diagram of China coalfields, chart of China coal resources potential evaluation. A system with massive information on China`s coal resources was set up.

“The national coal resources potential evaluation” reached 18 major achievements in eight aspects. Significant progress was made in the research on coal resources aggregation and distribution pattern. Guided by multiple stratigraphic division and correlation theory, a coal-bearing stratum division and correlation framework was established on the basis of lithostratigraphic, biostratigraphic and chronostratigraphic attributes. A correlation method for sequence and system tract of coal-bearing regions was put forward, based on which the framework of the thick coal seam aggregation was drawn out. With the help of the concepts of coal occurrence tectonic units, the project completed national 3-level coal unit division as well as classification of coal accumulating basins, and summarized the distribution discipline of coal controlling structure model and its effect on coal resource distribution. The regionalization of different coal properties was concluded and more statistics were organized on the discipline of coal distribution. The research results offered reliable information for coal resources potential prediction and exploration.

Given the distribution of coal resources, natural geography, social economy and coal supply and demand, the project put forward the coal resources division method of “three zones- six districts-four levels”. It developed a comprehensive evaluation method of multi-coal resources, proposed the evaluation design for coal resources exploration and development based on mines, prospecting areas and mining areas and conducted comprehensive evaluation of the current situation of coal resources exploration and development in our country, established an evaluation index system of coal resources, probing into the coal science capacity and coal resource adequacy in coal mining and planning areas on the basis of safe, green and scientific exploration.

In light of coal resource prediction, the project presented predicted coal resources classification standards and potential evaluation method. Altogether, 2880 predicted areas were delineated with an area of 42.84 square kilometers. A total of 3.88 trillion tons of resources were predicted, including 1.5676 trillion tons of reliable level (334-1), 1.2190 trillion tons of potential level (334-2), 1.0930 trillion tons of deductive level (334-3). Superior resources were predicted to reach 981.5 billion tons, good 1.1345 trillion tons and poor 1.765 trillion tons. The coal resources within 2000 meters amount to 5.9 trillion tons, among which 2.02 trillion tons of coal resources reserves have been detected and 3.88 trillion tons predicted. (Chen Ming) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

First total amount estimation of the key mineral resources within 2000m under the earth surface accomplished in China

From the review and acceptance conference for national key mineral resource total amount estimation on December 30, 2013, reporters obtained the newest information about the mineral resource potential assessment project. After 8-year efforts, China has accomplished estimation of the total amount of 23 key minerals within 2000m under the earth surface including iron, aluminum, copper, lead and zinc, which is of great significance for mineral prospection and exploration and state resource strategies.

According to academicians and experts Zhao Dapeng, Chen Yuchuan, Zhai Yusheng, Pei Yongfu, Zhang Hongtao and Zhong ziran, the project set up a mineral resource estimating system based on deposit model comprehensive geological information. Tectonic mapping based on plate tectonics and metallogenic dynamics provided a solid foundation for mineralization environment prognosis. Deposit comprehensive information prospecting model was established on the basis of mineral prognosis categories of metallogenic series. Directed by comprehensive information mineral resource quantitative prognosis method, target regions (minimum regions for prognosis) delineation and unfound resource estimation were conducted and first-hand statistics were collected. 

Directed by the above estimating system, the project delineated 50,000 prospecting targets and metallogenic prospects of different levels, from which provincial metallogenic prospects and national ones were selected. The potential resources in each target and prospect were estimated and evaluated. The distribution diagram of each mineral and its prospect was compiled, as well as the prospection diagram. The statistics have been widely applied to national and provincial mineral resource planning, strategies for mineral prospecting breakthrough and mining management, etc. (Yu Defu) (Translated by TLRHVC) 

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

 

Duolong in Tibet is expected to be a world-class copper-gold base

Source: www.mlr.gov.cn  Citation: www.chinamining.com.cn   Date: Dec.31, 2013

“A prototype of the world-class copper gold base has already shown here.” This is one consensus from many experts and representatives who attended the results exchange conference on Tibetan Duolong integrated exploration area and expert seminar held in Beijing on December 29th.

It’s said, the geotectonic position of the Tibetan Duolong integrated exploration area was located in the west segment of the Pannujiang ore belt in the Tethyan ore domain. The Duolong integrated ore area was an important work area in the field. At present, five large to super large porphyry copper ore, that is, Duobuzaxi, Bolong, Tiegelongnan, Naruo and etc. , and many copper deposits had been discovered. In addition, a plurality of copper gold polymetallic ore was also found in other work areas, such as Qingcaoshan, Lemachaha and etc. 

“Among them, the Naruo copper deposit was calculated with 332+333 with 2,368,300 tons of copper, 85.18 tons of gold and 797.67 tons of silver. This ore deposit occupied three boundaries of the ore body, i.e. south, north and east, and was confirmed as a large-scale copper gold mine belonging to porphyry type and cryptoexplosion breccia type. The Tiegelongnan gold copper ore was calculated with 332+333, possessing 4,799,000 tons of copper, 65.96 tons of gold and 988.42 tons of silver. And lots of drilling holes terminated in the ore body. It was preliminarily thought as a super large copper gold deposit with more than 5,000,000 tons of copper belonging to epithermal porphyry type and cryptoexplosive breccia type.” These were introduced by the man responsible for the 5th geological team, Tibet Bureau of Geology and Mineral Resources which undertook the project.

He also introduced, at present, the Duobuza copper deposit was calculated with 332+333+334 having 2,735,700 tons of copper, 85.1 tons of gold. And the Bolong copper gold ore was calculated with 333+334 possessing 3,697,900 tons of copper, 85.1 tons of gold.

It was known to the reporter that in August, 2012, the Ministry of Land and Resources, the Tibet Autonomous Region People’s Government, Aluminum Corp. of China and Sichuan HTC Group Co. Ltd. signed a cooperation framework agreement in Lhasa City, Tibet. And after signing the agreement, the Ministry of Land and Resources provided the policy support in time for the project. The Ministry of Land and Resources Exploration Division, China Geological Survey, Technical Guidance Center actively provided technical support and information service. These all promoted the seamless docking between the public geological work and the commercial geological work. People’s Government in Tibet Autonomous Region, the Office of Land and Resources, the Ali Prefectural Party Committee and Administrative took the initiative to coordinate the relationship among the parties, creating a favorable environment for the project implementation. As the main business investment, Aluminum Corp. of China and Sichuan HTC Group Co. Ltd. continued to increase the intensity of investment, accelerating exploration on the Tibetan Duolong ore integrated area.

Through more than a year of work, a new understanding and discovery had been made in this region. For example, it was confirmed that the Tiegelongnan deposit was Tibet’s first super large copper(gold) deposit with low temperature. Considering the characteristics of ore deposit and the scale of ore body, the Tiegelongnan ore deposit bore a high comparability with Zijinshan copper gold deposit in Fujian, and the Tiegelongnan ore deposit was the “second” super large scale high sulfur epithermal deposit in our country. In addition, there was a great potential in looking for this kind of deposit in peripheral area, the Gaerqin and Dibaonamugang would be the key areas of prospecting breakthrough in the next step. There existed ore combination of “three-in-one” in the whole Duolong ore integrated area, that is, the porphyry type, breccia type and hypabyssal epithermal type.

Zhong Ziran, chief engineer of Ministry of Land and Resources, attended the meeting. At the meeting, Chen Yuchuan, an academician of Chinese Academy of Engineering, Duo Ji and other experts praised the prospecting result of Duolong integrated exploration area as “exceeding the expectation” and “feel excited”, and they thought that there was still a great ore prospecting potential in this area. Some experts even suggested that the 10 years’ prospecting was expected to reach 30,000,000 tons of copper and 1,000 tons of associated gold in this area.

To make the copper and gold base become a “world class”, it’s necessary for geological workers to put into more hardship and effort. To this, the experts proposed that the next step should continue to do a good job in organizing the work implementation, concentrate personnel strength, and increase the equipment support; further carry out geophysical exploration work, intensify the comprehensive research and deepen the research on strategic selection to systematically know and comb the whole Nujiang metallogenic belt and continuously optimize the important prospect area and prospecting target area; make deployment planning, strengthen the anomalies verification and carry out the necessary drilling verification to realize the combination of industry-learning-research with production and promote the greater breakthrough in prospecting.

“And also embark on the related matters of the development of mineral resources, perform the unified deployment and strive to serve the local economic development.” many experts recommended at the meeting. (Wang Min) (Translated by TLRHVC)

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 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20-23, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.


More Articles …

  1. Remarkable achievements in old mine prospecting with a promising future
  2. China’s biggest overseas copper mine project in Peru
  3. Gold investment may be negative for the first time in thirteen years
Page 74 of 84

Column navigation

Service channel

China Mining Conference and Exhibition 2024

Oct.15-18, 2024

Held by Offline+Online

JOIN NOW