April 30, 2021

Tungsten Ore Reserves Increased Fourfold Since New China's Founding

Tungsten ore reserves have been increased fourfold since new China's founding, according to the "China Mineral Resources (CMR) Report 2019". Chinese major mineral resources have been identified as resource reserves growth, geological exploration investment growth and significantly prospecting achievements.

According to the report, since the founding of New China in 1949, Chinese proven reserves have increased from more than a dozen to 162 species, and reserves of important minerals such as coal, iron, copper, and petroleum have increased significantly. Among them, oil increased from 0.29 to 3.573 billion tons, increase by 122 times, cemented carbide iron ore identified resource reserves increased from 3.32 to 85.219 billion tons, a 25-times increase, manganese ore increased from 408 to 1.816 billion tons. The growth of copper mines increased from 2,819,300 to 11,443,900 tons, a 51-times increase, lead mines increased from 1.181 million tons to 92,136,100 tons, an increase of 77 times, zinc mines increased from 10.31 million tons to 18,755,670 tons. an increase of 181 times, bauxite increased from 450 million tons to 5.17 billion tons, an increase of 11 times, tungsten ore increased from 2.128 million tons to 10.17 million tons, a fourfold increase. The country has become a resource-rich country with a complete range of mineral resources.

During the "1st Five-Year Plan" to "3th Five-Year Plan" period, the state-organized exploration of various Cemented Carbide Tool minerals, iron ore and coal reserves increased significantly, established five coal bases and ten major steel bases, discovered uranium and rare earth deposits, The successful launch of the two bombs and one star provided a resource base and laid the dominant mineral status of rare earth, tungsten, tin, molybdenum and niobium, discovered a number of oil and gas fields such as Daqing Oil Field, which caused China to smash the title of "poor oil country".

After the 3rd Plenary Session of the 11th Central Committee, the second round of oil census and solid minerals survey and two rounds of mineralization prospects were successively launched, which made a series of significant progress in the exploration of mineral resources, and the reserves of mineral resources have been greatly improved.

Cemented Carbide Drill Bits

Since the beginning of the 21st century, the implementation of a new round of geological survey and prospecting breakthrough strategic actions, the national mineral resources potential evaluation and utilization status survey, found a number of world-class deposits such as the Qulong-Jiama copper mine, Huoshaoyun lead-zinc mine, initially formed ten new resource bases and breakthroughs in emerging strategic mineral exploration and development such as shale gas and natural gas hydrate. In the seven decades of the developing of the tungsten ore in China, it has greatly promoted the relevant minerals applied industries and enhancing our country's comprehensive national strength.

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