June 22, 2021

Qinghai Twelve Five will invest 17.5 billion prospecting

The reporter learned from the Qinghai provincial government on the 26th that the province's "12th Five-Year Plan" geological exploration plan has been officially approved by the Ministry of Land and Resources. In the next five years, we will promote the prospecting of mineral exploration, and we estimate that the investment will reach 17.5 billion yuan.
Qinghai is an important energy and resource-based province in the western part of the country, especially in the fields of oil, natural gas, salt lakes, and non-ferrous metals, with superior resources and broad prospects for development. However, due to various factors such as inadequate investment in geological surveys for a long time, the mineral resources in Qinghai are still unclear, and it is difficult to turn resource advantages into economic advantages.
During the “Twelfth Five-Year Plan” period, the central government will provide RMB 5 billion in support for the RMB 17.5 billion geological survey investment in Qinghai, which is five times the “Eleventh Five-Year Plan” period. In addition to increasing geotechnical investment, Qinghai Province has also adopted mining rights to clean up, standardize mineral rights transactions, innovate resource allocation methods, promote contract management of geological survey projects and complete requisition, and introduced armed police gold units and large-scale mineral enterprises to implement exploration and production integration. Measures.
Qinghai Province plans to add a certain amount of reserves of oil, natural gas, coal and important metal mineral resources within this year, and strives to build the two mining areas of Muli and Yuka into a modern coal production and coal chemical base.
In recent years, with Qinghai being identified as the replacement area for important resources in the west, with the support of the state, the geological survey work in Qinghai has been reversed. During the "Eleventh Five-Year Plan" period, Qinghai's geological exploration investment reached 3.15 billion yuan and a series of new breakthroughs in prospecting and prospecting were achieved.

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