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Article: China Third In World In Mineral Resources
- Article from:
- Xinhua News Agency
- Article date:
- August 5, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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China has invested more than 100 billion yuan in locating 160
types of minerals over the past four decades with more than 90
percent of deposits having been verified, putting it behind only the
US and Russia in resources.
According to the Ministry of Geology and Mineral Resources, China
has exploited 132 kinds of mineral resources, and the verified
deposits of 20 mineral resources rank first in the world.
China has found 200,000 deposits, three-forths of which have
proven reserves, making China one of the few countries in the world
to have a wide variety of mineral resources.
The combined output of ore per year is 5.8 billion tons,
accounting for six percent of the country's total industrial ...