National mineral exploration investment fell 24% year-on-year in the first half of the year

In 2013, China's mineral exploration investment decreased sharply. Among them, the mineral exploration in the first half of the year invested 16.5 billion yuan, a simultaneous decline of up to 24%. For the first time, the mineral exploration investment has declined. In this regard, he suggested that China's mineral resources should be actively encouraged to “go out”. ".

On December 9, Wang Guoping, deputy director of the Central Geological Exploration Fund Management Center of the Ministry of Land and Resources, said that in 2013, China's mineral exploration investment was greatly reduced. Among them, the mineral exploration in the first half of the year invested 16.5 billion yuan, a simultaneous decline of up to 24%, which is a mineral in recent years. The survey investment fell for the first time. In this regard, he suggested that China's mineral resources should be actively encouraged to “go out”.

According to the statistics of the Ministry of Land and Resources, the total investment of national geological exploration funds in the first half of 2012 was 21.8 billion yuan. Compared with the total investment of 16.5 billion yuan in the first half of 2013, it was reduced by about 5.3 billion yuan, a drop of 24%.

"Therefore, we should actively encourage China's mineral resources to go out." Wang Guoping said, "In the current economic and mining situation, we will actively promote the strategy of China's mineral resources going global and carry out contrarian subsidies."

In response to the development of China's iron ore industry, Yang Jiasheng, chairman of the China Metallurgical Mining Enterprise Association, believes that the development of the domestic metallurgical mining industry is the basis for the establishment of an iron ore guarantee system. He said, "We should increase the intensity of domestic iron ore resource exploration. Expand the scale of domestic iron ore production."

Wang Guoping pointed out that, specifically, for the large shortage of minerals such as iron and aluminum, domestic reserves and foreign development are the mainstays, and investment and exploration of foreign resources are vigorously carried out. In this regard, Wang Guoping suggested that a loss subsidy mechanism should be established to increase the market share of China's iron ore resources.

In addition, for the dominant minerals, the domestic development and foreign acquisition of Xiyuan share are the main; for the shortage of minerals, the “going out” should be accelerated to participate in the exploration and development of global mineral resources, alleviating the contradiction between domestic supply and demand.

According to statistics, as of 2012, the total number of overseas mining investment projects in China reached more than 2,000, with an investment amount of 200 billion US dollars, involving more than 600 investment units, distributed in more than 80 countries and regions. After more than ten years of development, the current foreign mineral resources risk exploration investment entities and funding sources are diversified.

At present, China's overseas mineral resources projects are mainly distributed in resource-rich countries and metallogenic belts such as Africa, South America, North America and Oceania.

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