China to invest 1.5 billion yuan on mineral exploration in Xinjiang

11:44, May 11, 2010      

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China will invest 1.5 billion yuan on the further exploration of important mineral resources such as coal, iron, copper, lead, and zinc in the Xinjiang Uighur Autonomous Region in 2010. This will provide adequate resources for the country's economic and social development.

Xinjiang, located in northwestern China and the center of Eurasia, covers an area of nearly 1.7 million square kilometers, accounting for 1/6 of China's total land area. It has a unique geological structure and enormously rich reserves of mineral resources. A total of 138 kinds of minerals and more than 400 mineral deposits had been found in Xinjiang as of 2009, but there are only a few large and super-large mineral deposits discovered in Xinjiang and the proven mineral reserves are rather limited as a result of the insufficient and decentralized investment on mineral exploration. The proven reserves of most minerals cannot even reach 10 percent of the expected reserves, so Xinjiang still has great potential for mineral exploration.

China's Ministry of Land and Resources signed an agreement with the Xinjiang local government in July 2008 and officially launched a joint project on geologic investigation and mineral exploration in Xinjiang in 2009, expecting to achieve good results within three to eight years. A total of 994 million yuan has been invested in this project, and 186 subprojects have been carried out. The prospectors have so far found 111.7 billion tons of coal in the Turpan-Hami Basin, 30 billion tons of sylvite in Lop Nor, and 175 million tons of iron ore in Hejing County.

By People's Daily Online


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