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People's Daily Online>>China Business

China to regulate phosphate resources

By Yuan Yufei (Guangming Daily)

16:23, December 09, 2011

Edited and translated by People's Daily Online

Over the next three years, China will integrate phosphate mines with an annual output of less than 150,000 metric tons in five provinces of Hubei, Hunan, Sichuan, Guizho, and Yunnan into large and medium-sized mining companies through mergers, reorganizations and other measures, according to information from the opening ceremony of the integration project.

Wang Min, deputy head of the country's Ministry of Land and Resources, said that the five provinces account for more than 87 percent of China's total phosphate reserves and 92 percent of the country's total phosphate output, but only 5 percent of the country's large and medium-sized phosphate mines.

China had long relied on extensive exploitation by small and medium-sized rural companies to meet demands, leading to a colossal waste of phosphate resources.

 
 
 
 
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