t is reported that Zhundong coal field has proved 183.6 billion tonnes of coal reserve. The potential value of discovered land resource has reached about CNY 8.5 trillion.

As per report, the Geological exploration of mineral resources in Xinjiang has made remarkable achievements in recent years. The amount of resource discovered in the last five years is equal to the total resource amount in 50 years. Many kinds of ore deposit including Nickel ore, copper ore, gold ore and sylvite ore etc has been discovered and evaluated, which are of promising prospect for exploration.

This series of discoveries has fueled the development of large scale coal enterprises, power plants and coal chemical enterprises. China’s Shenhua Group, Shandong Luneng Group and other large groups have been attracted to take controlling stake in the mines. Zhundong area is to become a hundred million grade coal production base 10 million grade coal chemical base and 10 million kW grade of power coal chemical base which is of extra large scale.

On July 11th 2008 China’s Ministry of Land and Resource signed an agreement with Xinjiang’s government, in which a great program is drawn. According to that program “Something preliminary must be worked out within 3 years, notable achievements must be made within 5 years and in 8 years it must promote the regional economy by strides.”

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