Chinese Geological Prospecting Gets Good Harvest, and Mineral Resources and Reserves Increase Gratifying in 2012

On March 27, 2013, the Ministry of Land and Resources held a news conference to announce a significant achievement in Chinese geological prospecting work in 2012. According to government/industry statistics, proved reserves of oil and natural gas have increase substantially in 2012. Newly proven national petroleum geological reserves are 15.2 million tons, a year-on-year growth of 13%, which is the tenth time of more than 1 billion tons since the founding of People＇s Republic of China; newly proven technically recoverable reserves are 270 million tons, a year-on-year growth of 7%. The 2012 national newly proved reserves from natural gas exploration are 961.22 billion cubic meters, a year-on-year growth of 33%, which is the highest level in our history; the new proven technically recoverable reserves are 500.8 billion cubic meters, a year-on-year growth of 36%. National natural gas production was 106.76 billion cubic meters, a year-on-year growth of 5.4%. The Ordos, Tarim and Sichuan basins are still the main producing areas of natural gas in China. In 2012, national oil production was 205 million tons, a year-on-year growth of 1%, which made a steady increase. The national coal-bed methane production was 2.57 billion cubic meters, a year-on-year growth of 24%.

In Reserves of 12 Mineral Species China is Richest in the World

Ministry of Geology and Mineral Reserves resently declared that verified reserves of 12 min-eral species are the foremost in the world.These minerals are rare-earths、 gypsum、 titanium、 tantalum、 tungsten、 bentonite、tin、 mirabilite、 barite、 magnesite、 antimony、 graphite.In addition,vanadium、molvbdenium and coal,etc.seven kind of mineral reserves take second place in the world.

Mineral Resources Classification of the State Subsoil Fund

General principles and description of Mineral Resources the United Nations Framework Classification of Mineral Resources. Classification of the State Subsoil Fund of Ukraine are adapted to The system that is used to classify the resources and reserves of all minerals and fuels in Ukraine has been developed and described. The classification system is part of an official procedure determined by the Ukrainian State Commission on Reserves. Following preparation of resource estimates the results that are registered with the State, which maintains an official inventory of all mineral resources.

Nonferrous Geological Prospecting Institutions Discover Important Mineral and Rare Metal Reserves

The quadrennial Secretary General’s meeting of the Geological and Mineral Resources Branch of the China Nonferrous Metals Industry Association(CNMIA)took place on April 9.It’s learned from the meeting that nonferrous geological prospecting institutions across the country completed 3,901 geological

China's Major Minerals in 2016 Are Identified,With Overal Resource Reserves Continuing to Grow

On August 22,the reporter learned from MLR’s Press Conference for Identified Reserves of Mineral Resources of China in2016 that,China’s investment in mining fixed assets and geological exploration had declined for four consecutive years by 2016,and resource reserves growth rate had slowed down due to other reasons such as downturn

Ministry of Land and Resources: To Strengthen Reserve of Key Ore Mines for Strategic Minerals

The Ministry of Land and Resources formally promulgated‘Outline of the'Thirteenth Five Year Plan'for Land and Resources’on August14.The'Outline'pointed out to,reinforce prospecting and protection of key mineral resources;improve orefield reserve mechanism,strengthen reserve of key orefields for strategic minerals such as tungsten,rare earth。