Qinghai will invest more than 10 billion "prospecting treasure" in the next 5 years

Following several breakthroughs in geological prospecting in recent years, Qinghai Province will continue to increase its geological prospecting efforts. The reporter was informed that in the next five years, all types of funds invested in Qinghai geological prospecting will exceed 10 billion yuan in order to find out more minerals.
In recent years, the good news of geological prospecting in Qinghai Province: for the first time in 2009 in Tianjun County, a physical sample of "flammable ice" was successfully obtained, making China the third country in the world to discover "flammable ice" on the land; in 2010, Two giant groundwaters were discovered in the Qaidam Basin. Selenium-enriched soil resources were found in the eastern part of Qinghai. The newly discovered Dachangjin resource base and the Qinmangtag non-ferrous metal base became the nation’s top ten newly discovered resource replacement bases.
According to the Ministry of Land and Resources of Qinghai Province, in the past 5 years, Qinghai Province has 1,230 geological survey projects, invested 3.416 billion yuan, and discovered 17 new mineral deposits; the newly added resources include 980 million tons of coal and 140 million tons of iron ore. 4.6 million tons of copper, lead and zinc, 164 tons of gold and 1,277 tons of silver provide strong support for economic and social development.
Liu Shanqing, director of the Department of Land and Resources of Qinghai Province, said that in 2011 the investment in geological surveys will reach 2 billion yuan. At the same time, it will strive for the state to arrange special geological survey funds for Qinghai during the “Twelfth Five-Year Plan” period (2011 to 2015) and support Qinghai to carry out basic geological and mineral surveys, important mineral exploration, and geological scientific research. At the same time, give full play to the role of the Provincial Geological Prospecting Fund, and guide the social capital into the field of geological prospecting, and encourage the state (prefecture, city) government to invest in geological exploration, and strive to achieve breakthroughs in prospecting.
It is reported that during the “Twelfth Five-Year Plan” period, through the implementation of various geological work, new mineral resource reserves will be added: 100 million tons of oil, 200 billion cubic meters of natural gas, 500 million tons of coal, 100 million tons of iron, and 1 million tons of copper. 2 million tons of lead and zinc, 200 tons of gold, and 100 million tons of potassium chloride. It is expected that by 2015, the total amount of mineral resources developed will reach 150 million tons, the average annual growth rate of the mining industry will exceed 12%, and the total output value will exceed 50 billion yuan.

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