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Qinghai 10 Million Tonne Grade Multiple Metal Mine Development Base has Initially Taken Shape

Recently it has been learned that, in 2014 Qinghai completed 2.777 billion yuan of prospecting investment in the whole year, implemented a total of 703 prospecting projects, and obtained a group of new prospecting achievements, 10 million tonnes grade multiple metal mine development base has initially taken shape.

Zhu Xiaochuan, Deputy Director of the Land and Resource Department of Qinghai Province, said at the Qinghai Province Land and Resource Work Meeting that according to results of geological mineral survey, in 2014 Qinghai Province newly added 251 million tonnes of coal, 60 million tonnes of iron ore, 75 million tonnes of potash, 1,570,000 tones of copper, nickel, lead and zinc, and 54.6 tonnes of gold in resource volume.

“As the resource reserve of uncompartmentalized prospecting areas further expanded, multi-color lead zinc resource volume reached 1.54 million tonnes, Tuotuo River lead zinc resource volume reached 7 million tonnes, Wulonggou gold resource volume reached 123 tonnes, 10 million tonnes grade multiple metal mine development base has initially taken shape.” Zhu Xiaochuan said, meanwhile, in Alkin Mountain and Qimantag and other places, crystal graphite, a national strategic resource, was discovered, it is preliminarily estimated to be able to produce 2 million tonnes above of crystal graphite.

Furthermore, in the past one year, Qinghai also reaped bumper harvest in petroleum & natural gas prospecting, and hot dry rock (HDR) prospecting, it newly added 67 million tonnes of petroleum, and newly added 21 billion cubic meters of natural gas; in Gonghe County and Guide County it respectively drilled 181.7°C and 151.3°C HDR, walking in the forefront nationwide in this field.

“The newly discovered resource volume has an estimated value of over 400 billion yuan.” Zhu Xiaochuan said, in 2015 Qinghai would adhere to the prerequisite of “Eco preservation first”, continue to drive forward prospecting breakthrough strategic actions, and strive to complete 2 billion yuan above of geological prospecting investment.