Green Minerals & Metals Mining
Heavy industry and mother nature are uneasy yet necessary bedfellows, and our requirement as a species for commodities derived from the planet is a requisite evil with no viable alternative. With this fact accepted, we can focus our time and ingenuity on pragmatic initiatives and technologies to lessen our emissions, waste and potential environmental harm throughout the upstream and downstream processes and beyond, as we engage in some of the planet’s greatest challenges; providing food security, shelter, electricity, transport and the means to continue economic growth in a sustainable way.
China itself has enormous natural resources and boasts the title of world’s largest producer of coal, gold, zinc, lead, tin, graphite, phosphate, molybdenum, rare earth metals and many more. It is also the world’s leading consumer of most mined products. In 2014 fixed asset investment in mining rose to over ¥1.47 trillion RMB ($231.6 billion USD), with investment in exploration seen at over ¥126 billion RMB ($19.8 billion USD), of which over 80% came from the private sector. Although in some areas of exploration and mining development foreign direct investment is prohibited (rare earth metals, tungsten, antimony, radioactive elements) and some only open to prospecting and development with certain conditions met (precious metals, diamonds, phosphorite, barite) most minerals and metals mining by foreign entities is openly welcomed in China, and actively encouraged in many instances in order to encourage local application and development of more efficient new technologies; from improving tailings utilization to optimized systemization and better mine ecology.
The struggle with pollution and smog has reached punitive levels as cities and industrial sites throughout the east and north-east have periodic curfews imposed during cold winters when excess coal is required for electricity and heat. The thousands of dated, smallholding mines throughout the gold and phosphate industry is also a perennial concern for the ruling Central Committee. The chosen solution is to shutter many of the older, sporadic and inefficient mines and replace them with state-of-the-art facilities. Innovating ‘Cleancoal’ actions that utilize CCS and other measures in the coal industry is a prime example. Similar pushes are enforced in the development and processing of copper, precious metals, nickel, bauxite and phosphorus industries, simultaneously decreasing environmental fall-out and increasing productivity and profitability.
Earth Energy Internationals stated goal of pursuing sustainable, climate-friendly operations while compressing operating costs and increasing efficiencies has resonated with the latest opposite members within China’s governmental and policy-making halls who display an encouraging newfound verve for international collaboration and critical thinking with a keen appreciation for the environment.
Using recent reported reserves of ores and final metals China’s main mining industries include:
|Commodity||Proven Reserves||Indicated Reserves||Main Locations|
|Coal||1.58T tonnes||3.88T tonnes||Shanxi, Hebei, Inner Mongolia|
|Gold (metal)||9.81K tonnes||32.77K tonnes||Liaoning, Henan, Fujian|
|Lead (metal)||73.83M tonnes||235.5M tonnes||Gansu, Xinjiang, Inner Mongolia|
|Tin (metal)||4.28M tonnes||18.6M tonnes||Guangxi, Yunnan, Guizhou|
|Phosphate (ore)||21.45B tonnes||29.34B tonnes||Yunnan, Hubei, Jiangxi|
|Bauxite (ore)||4.14B tonnes||17.97B tonnes||Henan, Guizhou, Guangxi|
|Zinc (metal)||144.86M tonnes||511.0M tonnes||Xinjiang, Gansu, Inner Mongolia|
|Molybdenum (metal)||28.26M tonnes||89.6M tonnes||Henan, Shaanxi, Liaoning|
We believe our established and unique local advantages give us an unmatched opportunity to create sustained, long-term value, and are confident the valuation of our assets increases as the global population and their demand for numerous essential commodities simultaneously expands.