China Mining reported that China has discovered rare metal deposits of more than 100,000 tonnes of niobium in northwest Xinjiang Uygur Autonomous Region.
Mr Xu Haiming a senior engineer with the Institute of Mineral Resources at the Chinese Academy of Geological Sciences said “The size has surpassed China’s total proven niobium reserve of 80,000 tonnes.”
He said that “The super large deposit is worth more than CNY 130 billion after being exploited. It also has a proven reserve of more than 10,000 tonnes of tantalum and rare earth metals.”
The deposit is 3,860 to 4,100 meters above sea level at Baicheng County in Aksu Prefecture of south Xinjiang.