Jiangxi Bureau of Geology and Mineral Resources learned that 110 million tonnes iron ore has been proved in Ganzhong iron ore deposits with potential economic value of CNY 50 billion.

China is highly dependants on imported iron ore. For instance, the dependence rate in Jiangxi province is over 70% which will be relieved by the iron ore reserves addition in Ganzhong.

As introduced by the mineral bureau, Ganzhong iron ore deposits will totally produce 200 million tonnes of iron ore a year and the perspective reserves may hit 1 billion tonnes.

(Source: www.steelhome.cn)

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