The authorities in the Chinese province of Hebei have announced that they are planning investment of RMB 12 billion from governmental sources and RMB 48 billion from non-governmental sources in mineral exploration in the province within the next eight to 10 years.
In the given period, Hebei Province is targeting 4.1 billion mt of new iron ore reserves and 2.5 billion mt of new coal reserves. In addition, the provincial authorities are aiming for 2.5 billion mt of new copper reserves and 12 billion mt of new lead and zinc reserves in the same period.