China has 59b tons of proven iron ore reserves (Xinhua)Updated:...

China has 59b tons of proven iron ore reserves
(Xinhua)
Updated: 2007-04-14 20:31

The proven iron ore reserves in China are 59.39 billion tons, according to the Ministry of Land and Resources.

The iron content of the reserves is 30 to 35 percent on average and 41.5 billion tons among the total reserves is magnetite, the ministry said in a statement posted on its Web site.

It noted that China has proven copper reserves of 85.31 million tons, located mainly in Tibet, the middle and lower reaches of Yangtze River, the southeast coastal areas and the eastern part of China's Northeast.