Proved reserves of major mineral resources in China 2018
China is home to 173 different sources of minerals with their reserves increasing by the day. With the establishment of the Ministry of Natural Resources in 2018, the mining industry has developed rapidly in the direction of environment-friendly practices.
China’s fossil mineral reserves
Of the overall investment in geological exploration made by China a majority is allocated to discovering fossil mineral reserves. Fossil minerals primarily include coal, natural gas, and crude oil. In fact, among the newly explored reserves of China’s major mineral resources, the three largest reserves were of coal, crude oil, and natural gas. Moreover, coal is the second most-invested in with regards to geological exploration of major non-oil and gas resources.
Metal ore mining in China
Metals such as iron, copper, titanium, and gold are much valued for their industrial purposes. China is among the few large countries in the world to have a complete mineral resource palette and is a leading exporter of these essential raw materials. China’s copper reserves saw a 7.9 percent growth in 2018. Meanwhile, that year China invested around 1.6 billion yuan in the geological excavation of gold which has the least year-on-year growth in its reserve.
China’s fossil mineral reserves
Of the overall investment in geological exploration made by China a majority is allocated to discovering fossil mineral reserves. Fossil minerals primarily include coal, natural gas, and crude oil. In fact, among the newly explored reserves of China’s major mineral resources, the three largest reserves were of coal, crude oil, and natural gas. Moreover, coal is the second most-invested in with regards to geological exploration of major non-oil and gas resources.
Metal ore mining in China
Metals such as iron, copper, titanium, and gold are much valued for their industrial purposes. China is among the few large countries in the world to have a complete mineral resource palette and is a leading exporter of these essential raw materials. China’s copper reserves saw a 7.9 percent growth in 2018. Meanwhile, that year China invested around 1.6 billion yuan in the geological excavation of gold which has the least year-on-year growth in its reserve.
