China's second bright mineral resources

The annual China International Mining Conference will kick off in Tianjin, a 2012 China Mineral Resources Report (hereinafter referred to as "Comprehensive" that comprehensively reflects China's annual mineral resources reserves, exploration, development, market and mineral resources management policies. The report will be released during the current conference. This is the second time that China has issued such a report. According to industry insiders, the reason why they choose to illuminate their own mineral resources at this important international conference is that, besides demonstrating the self-sufficiency of China's resources, it is more important to showcase China's mining industry in the context of weak global economic recovery. Active market and investment opportunities. The increase in reserves of key minerals According to the “Report”, in 2011, the land and resources management department took the breakthrough strategic action as the main line, explored the new mechanism of geological prospecting, strengthened geological survey and mineral exploration, and improved and standardized the mining rights market, minerals. Significant progress has been made in resource exploration and development and management. It is understood that the "Report" was first published in both Chinese and English. According to the "Report", China's mineral exploration investment has maintained growth, and significant progress has been made in the exploration of coal, oil, natural gas, iron, copper, tungsten, molybdenum and gold. According to the "Report", in 2011, China's exploration investment was 111.82 billion yuan, a year-on-year increase of 9.2%. Among them, oil and gas exploration investment was 67.47 billion yuan, up 9.4% year-on-year; non-oil and gas exploration investment was 44.35 billion yuan, up 9% year-on-year. The newly added proven geological reserves of petroleum are 1.3 billion tons and the natural gas is 722.5 billion cubic meters. The newly discovered coal reserves are 74.9 billion tons, the gold mine is 718 tons, and the molybdenum mine is 5.8 million tons. As of the end of 2011, China's petroleum surplus technology recoverable reserves of 3.24 billion tons, natural gas 4.02 trillion cubic meters; coal identified resource reserves of 1.38 trillion tons, iron ore 74.39 billion tons, copper ore 86.12 million tons, bauxite 3.87 billion tons , gold 7419 tons. However, despite the large increase in reserves of key minerals, China's situation as a major importer of large minerals such as oil, iron ore and copper is still difficult to change. The increase in the supply capacity of mineral products The report shows that China's output of coal, crude steel, cement and other mineral products ranks first in the world, and the supply capacity of domestic mineral products continues to increase. In 2011, the country's primary energy output was 3.18 billion tons of standard coal, an increase of 7% year-on-year, and the energy self-sufficiency rate was 91.4%. Among them, the output of raw coal was 3.52 billion tons, an increase of 8.7%; the output of crude oil was 204 million tons, an increase of 0.3%; the natural gas was 103.06 billion cubic meters, an increase of 8.7%; the iron ore was 1.33 billion tons, an increase of 27.2%; the output of crude steel was 680 million tons. 7.3%. (Down B2 version) (on the B1 version) The "Report" shows that China's mineral products are active in foreign trade, and some bulk minerals are highly dependent on foreign countries. In 2011, China's mineral products trade volume was 957.1 billion US dollars, an increase of 34.3%. The import of large quantities of minerals such as oil, iron and copper continued to grow, and the dependence on foreign countries remained high. In terms of external dependence, oil is 56.7%, iron ore is 56.4%, copper is 71.4%, potash is 51.5%, and aluminum is 61.5%. According to the "Report", China has made a series of achievements in the conservation and comprehensive utilization of mineral resources and the development of green mining. The central government has rewarded 704 mining enterprises that have made outstanding achievements in the conservation and comprehensive utilization of mineral resources; 408 demonstration projects have been set up in the field of comprehensive utilization of mineral resources; and the first batch of 40 demonstration bases for comprehensive utilization of mineral resources have been deployed. In addition, the Ministry of Land and Resources commended 98 outstanding enterprises in the conservation and comprehensive utilization of mineral resources, and selected and introduced 62 advanced technologies involving oil and gas, coal, metal and non-metal mining and comprehensive utilization, and promoted green mining. Development, successively selected two batches of 220 units and started the pilot construction work. The level of basic geological surveys has been continuously improved. China has carried out regional geological surveys in key metallogenic belts, major geological problem areas, important economic zones and major engineering construction areas. The country has completed a total of 5.65 million square kilometers of geological surveys, accounting for 5.67 million square kilometers. 59% of the land area of ​​the land area; 2.37 million square kilometers of the 1:50,000 regional geological survey, accounting for 24.7% of the land area of ​​the land. In addition, China has also carried out in-depth evaluation of the potential of mineral resources, focusing on the prospective survey of minerals in 19 key mineralization areas such as Tianshan-Beishan, Altai, Qilian, Bangonghu-Nujiang, Daxing'anling, and the middle and lower reaches of the Yangtze River. The resource potential evaluation of 13 minerals of coal, uranium, iron, copper, aluminum, lead, zinc, tungsten, antimony, gold, rare earth, potassium and phosphorus. Among them, the copper resource potential evaluation shows that the country's 500-meter shallow forecast copper resources is 192 million tons, 1000 meters to 270 million tons, and 2000 meters to 306 million tons. The petroleum geological resources in Northeast China are 22.5 billion tons and natural gas is 4.55 trillion cubic meters. China's onshore shale gas geological resources potential and recoverable resource potential are 134 trillion cubic meters and 25 trillion cubic meters, respectively.

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