Copper from Tibet, etc, to reduce China’s reliance on import

(, Oct11, 2010) China said Oct 9 that it had discovered up to 38.5 million tonnes of copper ore reserves in “Tibet”, Xinjiang and Yunnan in the past 12 years. It’s official Xinhua news agency Oct 9 cited Wang Min, Director of China Geological Survey and Vice Minister of Land and Resources as saying these findings would “effectively change” China’s over-reliance on imports of copper ores.The report also said that the Qaidam Basin in Qinghai Province was estimated to hold up to 214 million tonnes of sylvite reserves. Sylvite’s principal use is as a potassium fertilizer.

Citing the country’s geological authorities, the report said that during the past 12 years, China had discovered more than 900 locations containing mineral deposits estimated to hold 5 billion tonnes of iron ore, as well as a vast array of other resources. Of them, 152 locations were identified as holding huge amounts of deposits.