Jiangxi Planned New Copper Reserves of 3 million to 5 million tons in Five years

News on January 25 said that recently Jiangxi issued Implementation Plan of Building New Mechanism for Provincial Mineral Resources(hereinafter referred to as the "Plan "),which targeted new ionic rare earth reserves of 200,000 to 300,000 tons in five years.

The Plan is not only targeted at the rare earth industry.According to the source,the Plan also proposes to increase new copper reserves in five years by 3 million to 5 million tons,tungsten by 200,000 to 300,000 tons,lithium by 100,000 tons,uranium by 20,000 tons,gold by 100 tons and coal by 400 million tons.

In early November last year,Ministry of Land and Resources proposed the “358” plan at Zhengzhou meeting,which set ambitious goals for geological prospecting: significant progress in 3 years,breakthroughs in 5 years and reshaping geological prospecting and development in 8 years.The provincial Plan in Jiangxi is the response to the “358” plan in which Jiangxi is identified as the big producer of non-ferrous metals.Previously,Bureau of Land and Resources of Heilongjiang province has listed copper,lead,zinc,molybdenum,gold,iron and coal as its advantages.