Reserves Plan for Resources

The Standard, Hong Kong – China plans to start building strategic reserves for uranium, iron, copper and other key mineral resources, and accelerate the construction of strategic petroleum and coal reserves as part of the government’s official five-year plan, said the Ministry of Land and Resources.

The ministry is aiming to add proven reserves of 4.5 billion-five billion tonnes of oil, two trillion-2.25 trillion cubic meters of natural gas, 100 billion tonnes of coal, five billion tonnes of iron, 20 million tonnes of copper and 200 million tonnes of bauxite by 2010.
The Standard