China's newly discovered iron ore resources exceed 15 billion tons

According to the latest news from the Ministry of Land and Resources, China's new geological prospecting mechanism based on cooperation between the provinces and the province has achieved remarkable results. Among them, iron ore has made major breakthroughs, and the accumulated total proved reserves exceed 15 billion tons.

Wang Min, deputy director of the Ministry of Land and Resources, introduced at the National Conference on Mineral Resources Development and Management on the 18th that a large number of large-large deposits have been identified nationwide, including iron ore concentration areas such as Anben, Jidong, Zhangzhou, Panxi and Handan. A total of nearly 10 billion tons of proven iron ore reserves have been discovered, and a large number of iron ore mines are under construction. Liaoning Benxi Dataigou iron ore mine has a reserve of 3 billion tons of controlled resources and a predicted prospect of more than 7 billion tons. The city's large-scale iron ore mine is 1 billion tons, which is shallow and easy to mine. There are still undeveloped reserves of 1 billion tons in the nearby Sijiaying North Mine Section; Anhui Nihe Iron Mine, Sichuan Panzhihua Lanjia Volcanic Iron Mine, Shandong Yandian Iron ore and other exploration through the whole assembly, the discovery of iron ore resources reserves of nearly 900 million tons.

At the same time, China has opened up a number of new iron ore prospects in the western region. The West Tianshan Awulale metallogenic belt is preparing for iron ore, controlling iron ore resource reserves of 230 million tons and prospective resources exceeding 500 million tons. “The iron ore exploration in these areas is low in level, shallow in burial, high in grade and large in scale, and it is easy to exploit and use.” Wang Min said.

Wang Min also said that the violation of laws and regulations on the development of mineral resources in the country has been thoroughly investigated and punished, and the incidence of cases has dropped significantly. Since the launch of the national special rectification campaign for the development of rare earth minerals in June, it has achieved phased results. At present, the rectification operation has completed the investigation and entered the stage of rectification and treatment.

“According to the market, the price of rare earth concentrate products has risen by 50%. The stock price of rare earth concept stocks in the Shenzhen and Shanghai stock markets also rose, and the market expectation is improving.” Wang Min said that the rectification will be heavy in the South Nanling region. The production area and the main producing area of ​​Baotou light rare earth in Inner Mongolia promote the establishment of a new pattern of north-south echo and regional linkage, and strengthen the control of China's rare earth resources.

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