Metal Products News
- China has 59 bln tons of proven iron ore reserves
Date: 16-Apr-2007 Sources: (People's Daily)
The proven iron ore reserves in China are59.39 billion tons, according to the Ministry of Land and Resources.
The iron content of the reserves is 30 to 35 percent on average and 41.5 billion tons among the total reserves is magnetite, the ministry said in a statement posted on its Web site.
It noted that China has proven copper reserves of 85.31 million tons, located mainly in Tibet, the middle and lower reaches of Yangtze River, the southeast coastal areas and the eastern part of China's Northeast.
The proven reserves of bauxite, the raw material to make aluminum, stand at 2.66 billion tons, according to the statement. It added that more than 90 percent of the reserves are located in Shanxi, Guangxi, Henan and Guizhou.
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