Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Metals Tools: Save | Print | E-mail | Most Read | Comment
Big iron ore deposit discovered
Adjust font size:

Geologists have discovered an iron ore deposit estimated to be at least 1 billion tons in northeast China's Liaoning Province after more than two years of exploration, local authorities said on Thursday.


The newly-found deposit, between 1,280 meters and 1,500 meters underground, is at the Pingshan District, Benxi City, said Wang Wenqing, deputy head of the Liaoning Provincial Survey Academy of Geology and Mineral Resources.


"We plan to spend two to three years finding out the actual reserves," Wang said.


"But we will have to wait even longer before we can start excavating."


Initial exploration shows that the iron ore is mainly hematite or magnetite, and the average iron content is 34.68 percent, said Yu Wenli, head of the Liaoning Provincial Bureau of Geology and Mineral Resources Exploration.


"The deposit can be exploited for more than 30 years," he said.


(Xinhua News Agency January 25, 2008)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Iron ore imports likely up by 15%
- Price of imported iron ore may rise
- Ore Deposits Located Along Qinghai-Tibet Railway
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号