The two newly discovered 187 iron ore production 3.2 billion tons of proven reserves

From 2006 to 2007 year, the newly discovered iron ore production 187, identify additional resources reserves 3.2 billion tons of iron ore. This is the iron ore exploration in the country before uploading a news conference.
As at end of last year, total iron ore reserves identified 68 billion tons of resources, and maintain reserves 60.7 billion tons, of which 28.2 billion tons reserves basis, iron ore District 2867.
Last year, for example, the iron ore exploration projects in 1756, invested 1.35 billion yuan to complete drilling 862,000 meters, second only to coal and gold, the domestic iron ore output reached 707 million tons (ore grade is generally 30% to 40%). Despite such a high yield, but still imported 383 million tons of iron ore (ore grade of more than 60 percent). China's output of iron ore, pig iron production, steel output ranked first in the world.
The last four years, China invested 2.3 billion for iron ore prospecting, drilling workload 1620000 m, respectively from 1989 to 2003 equivalent to the total investment and the drilling of 6.3 fold, 4.8 fold.