Recently, the National Iron Ore Prospecting and Mining Major Achievements Reporting Meeting has uploaded news. Since 2003, China's annual output of iron ore has increased by an average of over 20% annually, and its iron ore resource supply capacity has increased significantly.
In recent years, the self-sufficiency rate of homemade iron ore has steadily increased. The iron ore exploration has made major breakthroughs in the iron ore concentration areas such as Anbu, Longdong, Zhangzhou, Panxi, and Handan, and the cumulative proven reserves of nearly 10 billion tons. In respect of iron ore production and supply, since 2003, the domestic iron ore mining and mining industry has completed a total investment of 192 billion yuan in fixed assets, and the annual output of iron ore has increased from 260 million tons in 2003 to 880 million tons in 2009. At the same time, the annual design capacity of iron ore under construction and planning and construction is 480 million tons. Industry experts stated that as the central government and related departments increase the support for mineral exploration, the enthusiasm of companies to invest in prospecting will be stimulated.
In recent years, the self-sufficiency rate of homemade iron ore has steadily increased. The iron ore exploration has made major breakthroughs in the iron ore concentration areas such as Anbu, Longdong, Zhangzhou, Panxi, and Handan, and the cumulative proven reserves of nearly 10 billion tons. In respect of iron ore production and supply, since 2003, the domestic iron ore mining and mining industry has completed a total investment of 192 billion yuan in fixed assets, and the annual output of iron ore has increased from 260 million tons in 2003 to 880 million tons in 2009. At the same time, the annual design capacity of iron ore under construction and planning and construction is 480 million tons. Industry experts stated that as the central government and related departments increase the support for mineral exploration, the enthusiasm of companies to invest in prospecting will be stimulated.
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