Monday, November 23, 2009

To properly control exploitation of China’s superior mineral resources

As for China's superior mineral resources, Ministry of Land and Resources said that mining rights should be arranged orderly through an effective and rational planning, properly controlling the total exploitation to promote global market equilibrium and stable development.
Liu Lian, the minister of Mineral Exploitation Division, Ministry of Land and Resources, revealed in the "Mining Rights Management Symposium", that twelve departments including Ministry of Land and Resources jointly recently issued a document that the integration of mineral resource exploitation is being carried out across the country. This project is currently an important task for administrative management of mining, and will last for one year, with the target to further optimize the structure and layout of China's mineral resources exploitation.
Liu Lian plotted out three categories for the important mineral resources in China: lacking mineral resources, superior mineral resources, and primarily balanced mineral resources.
Liu Lian said that the exploitation of lacking mineral resources should be reinforced, namely to set down the incentive and supportive policies for China's lacking mineral resources, improve the protection level in domestic market, and reduce external dependence. Meanwhile, the exploitation of primarily balanced mineral resources that can be guaranteed a basic balance between supply and demand, such as coal, uranium, gold, etc. should be optimized.
Official statistics shows that external dependence of iron ore in China has been reduced to 51.7% in 2007, while it was 56.7% in 2005.
For chromium, nickel, manganese, potassium and other lacking mineral resources, Ministry of Land and Resources previously requested to strengthen the evaluation of domestic resource potential and tackle the problem of seeking mines; meanwhile to increase foreign share, encourage domestic enterprises to increase the intensity of shares of foreign mining companies, seek a stable the international market allocation environment, and to control the external dependence within 60%-95%.
For China's superior mineral resources, Liu Lian said that mining rights should be arranged orderly through an effective and rational planning, properly controlling the total exploitation to promote global market equilibrium and stable development.
"National Mineral Resource Planning (2008 ~ 2015)" has regulated that the output of China's minerals that has export superiority should be limited in order to maintain their value; besides to strictly control of mining rights, strengthen the export quota management, and prohibit excesses exploitation and export.
Tungsten, antimony, rare earth ore mineral resources is important superior mineral resources in China, and the reserves, production, exports of them are highest in the world over the years, holding an important position in the international market.
Land Department in May issued a notice this year, and the total exploitation volumes of tungsten ore, antimony, rare earth mining is clarified. It is said that this is the first time that China implements regulations to supervise the total exploitation volumes of antimony.
This notification regulated that the control target of total exploitation volumes of tungsten concentrates is 68555t, antimony 90180t and rare earth 82320t in 2009.

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