男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Top Biz News

Potash discovery worth its salt

By Zhang Qi (China Daily)
Updated: 2010-10-12 08:56
Large Medium Small

 Potash discovery worth its salt

A worker with Qinghai Salt Lake Industry Group Co Ltd, the country's largest potash-maker, shows China's potash distribution. Zhang Ke / For China Daily

New deposits ease import concerns, risk posed by foreign monopoly

BEIJING - China's reliance on imports of potash may be eased after the discovery of eight large deposits with combined reserves of 468 million tons.

The resources - estimated to be two or three times greater than the amount of proven reserves - are located mainly in Xinjiang Uygur autonomous region, and Qinghai, Sichuan and Yunnan provinces, the China Geological Survey said on Saturday.

Li Gang, chairman of the China Inorganic Salts Industry Association's (CISIA) Potash Branch, said the discovery means China could produce 80 percent of its domestic needs by 2015.

That would reduce the risk of global mining companies securing a monopoly on supplies of the salt, a key ingredient in the production of fertilizers.

He also said the government is mapping out a plan to support attempts by Chinese companies to acquire potash mines overseas.

Both COFCO Corporation and Sino-Agri Corp have invested in foreign mines, but they have not yet been fully assessed, said Qi Zhaoying, an official from CISIA.

BHP Billiton's $39 billion bid to take control of Potash Corp of Saskatchewan, the world's largest fertilizer-maker, has led to concerns over supplies. There are fears that, if successful, it could result in a hike in prices, and adversely affect China's agricultural program.

Those concerns mean China is considering a rival bid to BHP's.

The State-owned Sinochem is reported to have approached investment banks with a view to creating a bidding consortium for the Canadian producer.

The country is taking a diverse approach to ensure stable supplies as global demand for the crop nutrient grows.

This year, the Ministry of Land and Resources has invested 50 million yuan ($7.35 million) in exploration. Xinhua News Agency says that figure is set to increase to 100 million yuan per annum between 2011 and 2015.

However, China will have to rely on imports in the long run as its proven resources will only satisfy domestic consumption for 20 to 30 years.

Related readings:
Potash discovery worth its salt Domestic investors consider rival bid for Potash
Potash discovery worth its salt Chinese investors approach Alberta Fund on Potash bid
Potash discovery worth its salt Potash CEO's key to success 

Most of those reserves are situated in western regions, according to a researcher from China Geological Survey, who declined to be named.

China, the world's second-biggest potash importer, will see domestic consumption rise 4.5 percent to 7 million tons this year, according to Wei Chengguang, the director of the Shanghai Potash Technology and Research Center.

主站蜘蛛池模板: 永昌县| 白城市| 当阳市| 巴林左旗| 精河县| 益阳市| 西乌珠穆沁旗| 耒阳市| 灵台县| 宣武区| 大安市| 旅游| 吉安县| 汨罗市| 长寿区| 措美县| 嵩明县| 西和县| 合阳县| 龙陵县| 马山县| 南漳县| 阿拉善左旗| 肃南| 工布江达县| 大化| 札达县| 崇阳县| 玉山县| 廊坊市| 会泽县| 桦南县| 青龙| 中宁县| 惠水县| 礼泉县| 三门峡市| 临安市| 沙湾县| 铁力市| 凤翔县|