Ministry of Land and Resources: China's mineral exploration and development has a "window period" of 10 to 15 years

Xu Shaoshi, Minister of Land and Resources, said here on the 7th that China's mineral exploration and development has a "window period" of 10 to 15 years of vigorous development in the context of the rapid growth of demand in the developed economies of the world and the sharp rise in demand from emerging economies.

Xu Shaoshi said at the National Land Resources Work Conference that 2010 is the year of the 11th Five-Year Plan. In the past five years, the land and resources support capacity and service level have been continuously improved. New oil and natural gas reserves of 5.6 billion tons and 3 trillion square meters. Focusing on geological prospecting breakthroughs, the strategic exploration areas of resources such as Tibet, Qinghai, Xinjiang, Southwest Sanjiang and Daxinganling were deployed to form 10 resource bases such as Xinjiang Zhundong Coalfield. New coal resource reserves of 338 billion tons and iron ore 7.1 billion tons. It has integrated 6,574 mining areas and reduced mining rights by 26,000. The situation of illegal and illegal land and minerals has gradually improved, and the incidence of unlicensed mining and mining cases has dropped by 32%. The role of land and resources surveys has become increasingly apparent, with a total of 23% and 39% of the aeromagnetic work in the country's 1:50,000 area.

Xu Shaoshi said that in the first year of the "Twelfth Five-Year Plan" this year, the world economy is expected to continue to resume growth, but there are still many uncertainties and uncertainties. At present, developed economies such as Europe and the United States are taking measures to inject liquidity and maintain low interest rates because of concerns about the economic contraction trend. The emerging economies that are taking the lead in recovery are facing upward pressures on prices and high asset price bubbles. They have tightened their currencies and entered the interest rate channel. The pattern of “one loose and one tight, shock adjustment” in the global mineral products market continued. Due to the stimulation of demand and the abundance of market liquidity, the merger and reorganization of mining enterprises has increased, and the competition for resource globalization has intensified. Industrial monopoly, especially the oligarchy, has intensified the monopoly of superior resources. Multinational corporations monopolize iron ore to seek monopoly on resources such as potassium salt, which causes the price of mineral products to fluctuate and the price changes deviate from supply and demand. Resource protection is on the rise, and some countries have increased access thresholds and increased resource taxes. The major resource countries maintain the momentum of exploration and development, and the exploration and development of resources in Africa, South America and neighboring countries have increased.

Xu Shaoshi said that the current demand for developed economies is growing at a small rate, and emerging economies are in the early or middle stages of industrialization. It will take time for demand to rise sharply. China's resource demand is strong, the central and local governments attach great importance to it, the geological prospecting system has undergone major changes, financial investment and social investment have increased substantially, and mineral resources exploration and development are facing good opportunities. In the "window period" of mineral exploration and development in China for 10-15 years, on the one hand, we must use sufficient foreign exchange reserves to plan the layout and encourage enterprises to "go out". On the other hand, it is necessary to use resource-producing countries to increase cooperation and deepen international cooperation. At the same time, it is necessary to standardize and rectify the mining order, strengthen the development and integration of mineral resources, improve the efficiency of resource utilization, and substantially improve the domestic energy resources support capacity.