Billion tonne iron ore deposit found in Hebei Province of China
Xinhua reported that a 1 billion tonne iron ore deposit was found in northern Hebei Province of China.
The 6 kilometer long deposit is 41.43 meters to 108.95 meters thick on average and lies 100 meters to 600 meters deep underground.
Mr Zhang Shaolian head of Hebei Provincial Bureau of Land and Resources told that the deposit, in Hebei's Luannan County, is the largest ever found in China since the 1980s.
He said that in addition to the proven 1.04 billion-tonne iron ore, the deposit has an estimated unproved reserve of 500 million tonnes.
Mr Zhang added that the deposit is shallow and comparatively easy for mining.
The No1 Geological Exploration Institute of China Metallurgical Geology Bureau, who had been prospecting the area since February 2008, issued a report with details of the deposit including its reserves. The report was reviewed and approved jointly by central and provincial land and resources reserve evaluation authorities.
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