National bauxite input reduced by 40%

A survey report completed recently by the China Geological Survey Development Research Center shows that in the first half of 2014, the nationwide mineral exploration market continued its downward trend in 2013, with non-oil and gas exploration spending down 13.7% year-on-year, and drilling work volume down 21.7%.

According to the statistics and analysis conducted by the Center, the total non-oil and gas mineral exploration investment in the first half of 2014 was 10.697 billion yuan, a decrease of 1.695 billion yuan from the same period in 2013. Among them, the central government invested 1.269 billion yuan, accounting for 11.9%, down 8% year-on-year; local financial investment 3.494 billion yuan, accounting for 32.6%, down 8.1% year-on-year; social capital investment 5.934 billion yuan, accounting for 55.5%, down 17.7%.

The report shows that investment in mineral exploration is still dominated by the western region, and input from provinces (regions) such as Hunan, Xinjiang, Inner Mongolia, Yunnan, and Anhui has decreased. Western provinces invested 6.582 billion yuan, accounting for 62%, down 12.1% year-on-year; Central provinces invested 2.4 billion yuan, accounting for 22%, down 22.4%; Eastern provinces invested 1.582 billion yuan, accounting for 15%, down 3.6% year-on-year. %. The top five provinces (regions) that have invested in mineral exploration are Xinjiang, Inner Mongolia, Qinghai, Yunnan, and Gansu, with 1.423 billion yuan, 893 million yuan, 831 million yuan, 690 million yuan, and 632 million yuan respectively. The investment in mineral exploration in most provinces decreased year-on-year, among which, Hunan, Xinjiang, Inner Mongolia, Yunnan, Anhui and other provinces (regions) significantly reduced their investment, and the reduction amounted to more than 200 million yuan.

The report shows that mineral exploration investment is still dominated by important minerals, all have reduced to varying degrees. Coal investment was 2.24 billion yuan, a year-on-year decrease of 35.2%; iron ore was invested 1.095 billion yuan, a year-on-year decrease of 2.8%; copper ore was invested 1.592 billion yuan, a year-on-year decrease of 0.3%; lead and zinc ore was invested 941 million yuan, a year-on-year decrease of 10.7%; The mine investment was RMB162 million, down 38.6% year-on-year; the tungsten mine investment was RMB141 million, down 15.6% year-on-year; the tin mine investment was RMB52 million, a year-on-year decrease of 46.9%; the molybdenum ore deposit was RMB155 million, a year-on-year drop of 23.3%; 1.841 billion yuan, a year-on-year decrease of 9.6%.

According to the report, a total of 6.38 million meters of drilling work was completed for the non-oil and gas exploration in the country, which was a decrease of 21.7% year-on-year. The most noticeable decrease in drilling workload was in Anhui, Shanxi, Hunan, Inner Mongolia, Shandong, Henan, and Xinjiang, with a year-on-year decrease of more than 100,000 meters. Among the major minerals that completed drilling work, 1.897 million meters of coal were completed, a year-on-year decrease of 32.9%; 601,000 meters of iron ore were completed, a year-on-year decrease of 35.1%; 663,000 meters of copper were completed, a year-on-year drop of 2%; 50.3 lead-zinc mines were completed. Million meters, a year-on-year drop of 2%; bauxite completed 207,000 meters, a year-on-year decrease of 18.8%; gold mines completed 1.087 million meters, a year-on-year decrease of 11.7%.

The reporter learned that since 2002, especially in recent years, the total amount of investment in geological exploration in the country has continuously increased, and investment in various professional fields has also increased in varying degrees. After the rapid development of the golden decade, China's non-oil and gas geological exploration investment reached the peak of 51 billion yuan in 2012. The first drop occurred in 2013, which was 8.4% year-on-year in 2012.

The survey report of the Development Research Center of the China Geological Survey also shows that over 90% of the units in the sampled geological exploration units have reduced the funds for geological exploration projects throughout the year, and some units have even dropped to more than 50%. "From the first half of 2014, the year-on-year decline of 13.7% shows that this downward trend continues. At present, there is no sign of rapid improvement during the year. However, with the gradual development of various tasks in the second half of the year, it is expected that the whole year The drop in input will be 7-8%," said the report.

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