Report: China's Coal Resources Reached 1.4 Trillion Metric Tons at End of 2012

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Researched by Industrial Info Resources China (Beijing, China)--At the end of 2012, China's coal resources were 1.4 trillion metric tons, according to the China Mineral Resources Report (2013), prepared and published by the Ministry of Land Resources. Iron ore, copper ore, bauxite and gold ore reached 77.5 billion metric tons, 903.7 billion metric tons, 3.8 billion metric tons and 8,196 metric tons, respectively.

According to the report, in 2012, China invested more than $20 billion in the survey and investigation of mineral resources, with 34.2 million meters of drilling works completed. The newly added geological reserve of petroleum and natural gas reached 1.5 billion metric tons and 961 billion cubic meters, respectively. Also, four 100 million-ton level oil fields, three 100 billion-cubic-meter level gas fields, four 5 billion-metric-ton coal mines, and one extra-large uranium deposit were added.

The investment in fixed assets in the mining industry reached $211.3 billion; the exploiting volume of raw ores reached 8.723 billion metric tons; and the total import and export value of mineral products reached $991.9 billion.

In 2012, China achieved important progress in the survey of mineral products such as coal, petroleum, natural gas, iron, copper, tungsten, molybdenum and ore. The additional reserves of coal, iron ore, copper ore, gold ore and potash reached 61.6 billion metric tons, 4 billion metric tons, 4.31 million metric tons, 917 metric tons and 14.61 million metric tons, respectively. As of the end of 2012, the remaining technically exploitable petroleum was 3.33 billion metric tons and natural gas was 4.4 trillion cubic meters. The output of mineral products such as coal, crude steel and cement retained their top global position.

In 2012, China's import and export value for mineral products reached $991.9 billion, up 3.4% compared with 2012. The import of coal reached 289 million metric tons, up 29.8%; that of petroleum reached 311 million metric tons, up 5.6%, accounting for 57.8% of the total consumption; and that of iron ore reached 744 million metric tons, up 8.4%, accounting for 58.7% of the total consumption.

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